A $75 billion plan has been announced by President Obama on February 18 which aims at stopping the foreclosure of homes. This bill, called the Homeowner’s Stability Initiative (HSI) will help around 7 to 9 million Americans who are facing foreclosures by restructuring or even refinancing their mortgage. Because of the economic crisis in America a huge number of home owners are facing this trouble and through this Bill President Obama’s administration is hoping to help them.
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