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February 18, 2009 C-SPAN
President Obama outlined a plan to alleviate the home mortgage foreclosure crisis. The $75 billion Homeowner Affordability and Stability Plan included provisions to assist homeowners refinance mortgages on homes which values had fallen below the amount owed, provide incentives to lenders who renegotiate the terms of some loans, and assistance to those homeowners who might soon face foreclosure.
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