Obama’s Foreclosures Plan

We are expected to hear more today about how the new administration is going to deal with the excess of foreclosures.  The Wall Street Journal reported that “President Barack Obama’s plan to aid troubled homeowners, set to be unveiled Wednesday, will include efforts to cut monthly mortgage payments, allow more borrowers to refinance their loans and give bankruptcy judges greater power to modify mortgages, according to people familiar with the proposal.”

http://online.wsj.com/article/SB123491170791203563.html?mod=todays_us_page_one