Obama details broader housing refinance plan

FALLS CHURCH, Va. – Feb. 1, 2012 – President Obama released more details today about a proposed housing plan first announced during his State of the Union address. The National Association of Realtors® (NAR) quickly backed the program, but it faces an uphill battle in Congress.

“As the nation’s leading advocate for homeownership and housing issues, NAR knows that stabilizing the housing market is key to the health of our economy and communities across the country,” says NAR President Moe Veissi, broker-owner of Veissi & Associates Inc. in Miami and 2002 president of Florida Realtors. “We are pleased that the president released a plan to help America’s struggling housing market and homeowners. Improving access to simple, low-cost refinancing and streamlining the process will help hardworking families who have stayed current on their mortgage payments and will go a long way to helping keep more families in their homes.”

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