This is the new logo for President Barack Obama’s “Making Home Affordable” program, which was introduced on March 4 to “stimulate” the housing market and reduce interest rates/loan amounts for homeowners struggling to meet their monthly mortgage obligations.
The official “Making Home Affordable” Web site can be found at:
http://www.makinghomeaffordable.com
Here are the three basic goals of the program:
- Refinancing for up to 4 to 5 million responsible homeowners to make their mortgages more affordable
- A $75 billion homeowner stability initiative to reach up to 3 to 4 million at-risk homeowners
- Supporting low mortgage rates by strengthening confidence in Fannie Mae and Freddie Mac