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Obama Announces Push For Vet Housing Plan

March 7, 2012 by  

Obama Announces Push For Vet Housing Plan

President Barack Obama announced a new plan to provide veterans and active members of the military with mortgage relief in the form of government-backed loans, his latest attempt to reinvigorate the housing sector, The Washington Times reported.

According to the newspaper, the President laid out his housing-relief proposal in his first full news conference of the year. Obama specifically spoke to the veterans and service members whose deployments and mandatory moves have made them particularly vulnerable to the pitfalls of the housing crisis.

The Times reported that the President's plan reduces fees for qualifying borrowers with Federal Housing Authority-insured loans who want to refinance their home at a lower rate. This move would build on the landmark housing settlement with major mortgage lenders by the White House and 49 State attorneys general last month.

The Washington Post reported that Obama also outlined a new agreement with banks to review foreclosures for members of the military, as deals that took place since 2006 will be looked at and compensation may be provided to anyone who wrongfully lost their home. 

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  • http://google john p.

    when is it going to stop . that’s all Obama and the democrats do is
    take tax money and waste it on stupid idea’s that fail . Obama and
    the rest of the democrats just keep on wasting our tax dollars .
    Obama think

    s money grows on trees we got to impeach him be for
    there is no more money .do it now because if he get’s a second term
    there won’t be a united states . just the states and no constitution
    and no rights and no job’s .all the money they wasted they could have
    started all kinds of businesses and put millions of people to work .Obama’s

    government lost more jobs then the great depression and more to come
    tax and spend put’s businesses out of work.

  • jopa

    If the President helps all these veterans where are we going to get the money to rebuild Afghanistan and Iraq and fight the two wars that the GOP party wants to start?There are some stupid ideas in DC but this isn’t one of them.Most of the GOP want to go to war with Syria, and Iran to protect Israel again., now that is stupid.

    • s c

      Once in a while, comrade ‘j,’ you need to read and understand your own words. In your own words, you are saying that your hero, The Self-Anointed Poser, is a limp-wristed yahoo who can’t say no to a ‘Republican.’
      Is that an attempt to claim that GB is still in the White House?
      So, the ‘Republicans’ WANT two wars. Even if that was true, comrade ‘j,’ that would make you look like a first-class retard for having faith in a wannabe W H ‘God’ who can’t stand up to his sworn enemies. Maybe you don’t take enough pills.
      So, which is it? Either your fearless leader is incompetent and has no spine, or you seldom realize how half-assed and stupid your comments are. Maybe Obummer needs to know what his jockstrappers REALLY think of him. Are you related to Biden, by any chance? Swift, dude, REALLY swift.

  • s c

    Based on what I’ve seen and heard see through Obummer’s asylum-like machinations, this is simply another pre-election attempt to BUY VOTES. Is someone nervous among Washington’s Progressives and National Socialists?
    Apparently, this criminal administration has lied so many times that they have a bad memory problem, and they don’t remember that dumping on the military is NOT a good idea.
    Obummer’s last cheerleader, Queen Nancy Pelosi, wanted to treat returning combat veterans like they were criminals.
    She never recanted that asinine position, so that means Obummer is definitely DOWN with Pelosi’s half-baked comment. Try, try, try, Obummer. The word is out, and veterans have no use for posers.

    • Joe H

      Have you noticed that since a few months ago when it was mentioned in the news that R. Paul was getting so much support from the military, Odumberer has gone out of his way to “support” the troops??? Campaign mode 24/7/365!!!

      • s c

        Joe H, I know. When it comes to the military, there’s no difference between Bubbas O’Klinton or O’bummer. Neither have any use for the military. It’s obvious that when an arrogant yahoo like O’bummer goes before a military crowd, the audience has been “pre-selected,” and he knows he won’t have any hecklers.
        I thought LBJ and RMN were flaky. I can’t imagine serving under a Fakir-in-Chief like O’bummer. When you can’t tell the difference between a friend and an enemy [i. e., when you have a "prez" or a first-class LOSER in the W H], you are in the WRONG place. Bring the troops HOME!
        The Founding Fathers could have considered making it mandatory for a C-in-C to have been in the military. Then again, they didn’t allow for the possibility that America would always be in a war or gearing up for another war. And they damned sure didn’t allow for the fact that a prez who claims to be against wars that “someone else started” would take over and make matters WORSE (in this case, 1) the economy has been raped 2) we’re looking down the barrel of another war, “thanks” to Obummer) 3) nonexistent jobs are being ‘created’ out of thin air and 4) our fearless leader wants more bailouts to protect his worthless, suck-up “friends” again. Talent, my arse. Leadership, my aching joints.
        Hope-and-change, my almost worthless dollar.
        I know, Joe H. I know.


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