Obama Making Your Home Affordable

The Cancer Fairy Godmother knows it’s impossible to find all the information you need regarding foreclosure prevention. President Obama has announced a new program, The Making Home Affordable Program.  It is a $75 billion foreclosure prevention program which will help homeowners current or delinquent on their mortgages modify or refinance their loans to affordable terms.  Details of the program have been posted here: http://www.financialstability.gov/makinghomeaffordable/

This site will provide valuable information for those who are in need of help and assistance immediately.

For more click here

On Tuesday, February 10th, Treasury Secretary Timothy Geithner outlined a comprehensive plan to restore stability to our financial system. In the address, Secretary Geithner discussed the Obama Administration’s strategy to strengthen our economy by getting credit flowing again to families and businesses, while imposing new measures and conditions to strengthen accountability, oversight and transparency in how taxpayer dollars are spent. And Secretary Geithner explained how the financial stability plan will be critical in supporting an effective and lasting economic recovery.

For more information, please visit http://www.treas.gov/initiatives/eesa/

NEW: Unlocking Credit for Small Businesses

• Fact Sheet
• Q&A for Small Businesses
• Secretary Geithner’s Remarks

Making Home Affordable

Borrower Information: Making Home Affordable Refinance and Modification Options

Fact Sheet

Summary of Guidelines

Modification Program Guidelines

Counselor Q&A

• Additional Resources:
  • www.WhiteHouse.gov
  • www.HUD.gov
    • Contact your mortgage company
    • Contact a HUD-approved housing counselor

Consumer and Business Lending Initiative (TALF)

To view TALF Term Sheet and FAQ, visit: http://www.federalreserve.gov/newsevents/default.htm

White Paper

Capital Assistance Program (CAP)

CAP White Paper

CAP Term Sheet

CAP FAQs

Application Guidelines for CAP

CPP Guidelines Under the American Recovery and Reinvestment Act

Financial Stability Plan

02/10/09 – Remarks by Treasury Secretary Tim Geithner Introducing the Financial Stability Plan

Watch the webcast

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For the hearing impaired, view with captioning:
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Fact Sheet

02/10/2009 – Financial Stability Plan Fact Sheet