WASHINGTON, DC—In this week’s address, President Obama continued his call for a return to American values, including fairness and equality, as part of his blueprint for an economy built to last. This is why the President is sending Congress his plan to give responsible homeowners the chance to save thousands of dollars on their mortgages by refinancing at historically low rates without adding a cent to the deficit. The housing crisis has been the single largest drag on the recovery, and although the Administration’s actions have helped responsible homeowners refinance their mortgages and stay in their homes, Congress must act now to do more to continue assisting homeowners and the economy. President Obama asks all Americans to tell their elected officials to pass this plan to keep more families in their homes and more neighborhoods thriving and whole.
Category Archives: mortgage foreclosures
President Obama’s Weekly Address 2/4/12: It’s Time for Congress to Act to Help Responsible Homeowners
Long Branch, NJ — Congressman Pallone, Jr. Friday announced a free Help for Homeowners community event, sponsored by the Obama Administration’s Making Home Affordable Program, HOPE NOW Alliance and NeighborWorks® America. The event will be held in Secaucus for all homeowners who may be at risk of foreclosure. The event is free, open to the public and provides a chance for homeowners to meet face-to-face with their mortgage company and a HUD-approved counseling agency to work on a solution to help them stay in their home.
For more information, go to http://www.MakingHomeAffordable.gov.
>Pointing to the foreclosure crisis and the economy, the President cites passage of Wall Street Reform over the ferocious lobbying of Wall Street banks as a pivotal acheivement — and condemns Republicans in Congress for vowing to repeal it.
Gov. Corzine launched the country’s first statewide foreclosure mediation program. “Foreclosure action on homes in New Jersey dropped more than 40 percent in May versus the same period the year earlier”
President Obama capped off a busy week in Washington remarking on new lending guidelines aimed at lowering mortgage payments; an initiative to generate funds for small business and college loans; the release of his administration’s first budget which includes $2T in deficit reduction; and the start of long overdue health care reform.
Governor Corzine discusses his economic stimulus package and the greater economy.
You find more information about my Economic Assistance and Recovery Plan, including how to get assistance for your family at http://nj.gov/governor/home/plan.html