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I will post more details as they become available. But the thrust of the plan is simple. Help homeowners who are underwater or can’t afford the monthly payment. * Enable refinancing for 4 million to 5 million “responsible” homeowners who took out conforming 30-year fixed mortgages with an 80 percent or lower loan-to-value ratio and…
Update: Take the CNBC poll too … will you join the Chicago Tea Party? The outrage over the Obama Housing Rescue Plan is starting to boil over … more. CNBC’s Rick Santelli garnered national attention this morning on the floor of the Chicago Merc over Obama’s plan to rescue predominately people who either bought too…