Homeowner Affordability Plan Summary

The Homeowner Affordability and Stability Plan is part of the President's broad, comprehensive strategy to get the economy back on track. The administration released an executive summary of the plan earlier this month. The goals of the plan are to 1) provide access to low-cost refinancing for responsible homeowners suffering from falling home prices, 2) create a $75 billion homeowner stability incentive to reach at-risk homeowners, and 3) support low mortgage rates by increasing confidence in Fannie Mae and Freddie Mac. America awaits implementation.