Obama To Promote New Steps To Help Housing Woes - According to an administration official, Obama's housing initiative will help homeowners with little or no equity in their homes refinance by cutting the cost of doing so and removing caps for deeply underwater borrowers. The new rules apply to homeowners with federally guaranteed mortgages who are current on their payments. With the president's jobs bill struggling in Congress, the White House is refocusing its efforts on steps Obama can take to address the nation's economic woes without getting lawmakers' approval. Read article:
http://www.npr.org/templates/story/story.php?storyId=141648275
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