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Obama unveils new foreclosure measures to resuscitate housing market

Publié par Clifford Armion le 03/09/2012

Zachary A. Goldfarb

President Obama has begun embracing housing policies that administration officials earlier thought unwise or unworkable as he embarks on his most aggressive push to address the nation's foreclosure crisis and depressed real estate market since the first months of his tenure.

Obama has unveiled more than half a dozen plans in recent months to help millions more Americans refinance their mortgages at low rates, to reduce the debts owed by struggling homeowners and to expand existing programs to broaden the pool of borrowers eligible for government aid. The latest initiatives, announced this week, seek to help members of the military and Americans who have government-insured mortgages.

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"Obama unveils new foreclosure measures to resuscitate housing market", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), septembre 2012. Consulté le 30/07/2021. URL: http://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/obama-unveils-new-foreclosure-measures-to-resuscitate-housing-market