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Obama Outlines His Foreclosure Plan.

Mortgage Servicing News

| April 01, 2009 | COPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Barack Obama, President of the United States

The President unveiled his homeowner rescue plan in Arizona, one of the states hardest hit by the home value downturn, with Phoenix down 43% since 2006.

I'm here today to talk about a crisis unlike we've ever known - but one that you know very well here in Mesa, and throughout the Valley. In Phoenix and its surrounding suburbs, the American dream is being tested by a home mortgage crisis that not only threatens the stability of our economy, but also the stability of families and neighborhoods. It's a crisis that strikes at the heart of the middle class: the homes in which we invest our savings and ...

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