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Posts tagged: mortgage

Obama Unveils Mortgage Relief Plan

Posted by DFO

Feb. 19, 2009 8:20 a.m. • 13 comments

Item: Obama unveils mortgage relief plan to good media reviews/U.S. News & World Report

More Info: To extensive and largely favorable media coverage, President Obama yesterday outlined his housing relief plan at a high school in Mesa, Arizona. The story led all three network newscasts last night, and is featured on the front pages of newspapers across the country. The AP calls the plan “a $75 billion lifeline to millions of Americans on the brink of foreclosure.” The CBS Evening News said Obama “is throwing a lifeline to millions of homeowners struggling to pay their mortgages or at risk of outright foreclosure.” NBC Nightly News reported, “The basic goal of the plan is to help homeowners who owe more than their house is worth, need to refinance, but can’t get a new loan.”

Question: Do you consider this “75 billion lifeline to millions of Americans on the brink of foreclosure” to be a good thing?

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D.F. Oliveria is a columnist and blogger for The Spokesman-Review. Huckleberries Online was judged the best 2008 Idaho newspaper blog by the Idaho Press Club. And the best 2007 news blog in the Pacific Northwest by the Society for Professional Journalist. Print Huckleberries is a past winner of the Herb Caen Memorial Column contest by the National Association of Newspaper Columnists. The Readership Institute of Northwestern University cited this blog as a good example of online community journalism.