President Obama is holding his first press conference of the year today. Yeah, Super Tuesday. Do you think he’s trying to create a distraction? He’s going to announce his home refinance plan.
In his first full news conference of the year Tuesday, Obama was to announce plans to let borrowers with mortgages insured by the Federal Housing Administration refinance at lower rates, saving the average homeowner more than $1,000 a year. Obama also was detailing an agreement with major lenders to compensate service members and veterans who were wrongfully foreclosed upon or denied lower interest rates. (Read More)