The Takeaway: New Refinancing Help For ‘Underwater’ Homeowners; Stretching Helps Chronic Back Pain

Posted on 10/25/2011 by |Brooklyn, NY | Comments

Bulletin TodayHelping Homeowners Tread Water: Meeting yesterday with distressed homeowners in Las Vegas—the ‘foreclosure capital of the nation’—President Obama unveiled a plan to allow homeowners who owe more than their properties are worth to refinance mortgages at today’s low rates, which are hovering near 4 percent. If you think this has shades of 2009 all over it—well, you’re right: The new plan is a revised version of the previous Home Affordable Refinance Program—which didn’t have as much effect as the administration would …