2/13/2009

The White House is considering several plans to prevent home foreclosures, one of which includes spending $50 billion in taxpayer dollars to reduce monthly payments for homeowners close to foreclosure. The plan also would create national standards for modifying home loans. Meanwhile, some home builders said a new tax credit for first-time home buyers that is included in the economic stimulus plan will not provide a significant boost to the U.S. housing market.

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