The month of March started with President Barack Obama's Homeowner Affordability and Stability Plan underway.

The expectation is that it will help between seven and nine million families restructure or refinance their loans to avoid foreclosure. Of that total, four to five million people would be helped through refinancing via the GSEs of their existing FNMA or FHLMC Gold mortgages to lower rates, resulting in lower monthly payments, and the other three to four million at-risk (i.e., subprime) homeowners would have their loans modified in some way that allows for affordable monthly payments with various incentives to the servicer to pursue a modification and to the borrower to keep their loan current.

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