I mean those who are in a delicate situation with their mortgages in the sense that they can not be paid.
So the U.S. government, with its brand new president has announced a plan of 75 billion dollars (59.537 billion euros) in aid for the mortgage. Are no less than nine million households that will benefit from this plan to try lightening your mortgage.
Specifically are 4 million home owners who may keep their homes thanks to this support and 5 million will be given the opportunity to refinance their debts.
The mortgage company Fannie Mae Freddie Mac, largely financed with public money will act as collateral for these transactions. But as a way to give more reliability to the process has increased involvement with public money by buying shares by the Treasury and I also wanted to give more flexibility to the process.
More than 200 billion dollars have been acquired in preferred shares by the Treasury to increase the size of real estate portfolios to 900 billion dollars.
Has been secured from Obama that this is the beginning of the end of the crisis in that country. This measure is expected to increase the value of the home and invigorate the building sector as the engine of the economy.
