Obama to Roll Out “Homeowner Affordability and Stability Plan” in Phoenix Today

 Pin It
by on February 18, 2009

President Obama is set to introduce his “Homeowner Affordability and Stability Plan” in a speech in Mesa, AZ today at about 10:15 (MST).

The full text of Obama’s speech is available here. (Note this is the prepared text of the speech. What is actually delivered could differ, though I suspect it will be very close to this.)

Some details of the Homeowner Affordability and Stability plan are available at the whitehouse.gov blog.

I’ve got interviews with two radio stations and the East Valley Tribune scheduled for later this afternoon for my reaction, and of course I’ll share that reaction here as well.

Like, Tweet, share...

 Pin It

 

Other things you can do...

Search for Homes
Email Updates
RSS

Filed Under: National News, Phoenix News & Events

About the Author
Jay Thompson

I'm a real estate broker in Phoenix, Arizona and the publisher of the Phoenix Real Estate Guy blog. I tend to drive too fast and scream at the University of Texas and Denver Broncos football teams. My two kids are smarter than most adults I know and my wife is simply amazing.

Related posts

Bookmark and promote

The Phoenix Real Estate Guy runs on AgentPress

AgentPress is a specialized WordPress theme for real estate agents and brokers, powered by the industry standard Genesis Framework. With AgentPress on your team, you're empowered to get the most out of WordPress for online marketing.

Genesis provides the secure and search-engine-optimized foundation that powers any successful website. And AgentPress provides the specific listing and lead-generation functionality real estate pros need to succeed.

Find out more about AgentPress here.

Comments

We always appreciate your comments! Phoenix Real Estate Guy uses two commenting systems, Facebook and LiveFyre. LiveFyre is the most robust system (and easy to use!). It allows you to login with Twitter, Facebook, Google+ LinkedIn, OpenId, LiveFyre and as a "Guest". I recommend getting a LiveFyre account, it has some great features (just click the LiveFyre button when you write your comment).

 

BLOG COMMENT POLICY: We respectfully ask that you use your real name (first name only is fine) and not use keywords (Why no keywords?). The only real "comment rules" are be civil -- no personal attacks -- and no advertising. (See the full comment policy here). Opinion and debate are welcome, but attack the idea, not the person.

 

LiveFyre Comments

Comments have been disabled for this post.
Sort: Newest | Oldest
Nick@taux hypotheque

"A" for an effort, but I don't believe that this could give obama an impact to his government. People are crying out because of the effect of the subprime crisis.

share
  • spam
  • offensive
  • disagree
  • off topic
 Like
Chris Butterworth

It's nice to hear that the president is so concerned, but I don't think this initiative is going to have much of an impact at all. I read the local paper's report and the report at the White House blog, and I just don't see how this will help more than a handful of people.

It doesn't look like you'll get any relief if:

* You owe more than 105% of your home's value.

* You have a 2nd mortgage in addition to your first.

* You've lost your job, taken a job with a lower income, or otherwise had an income reduction.

Who's left?

Oh yeah, and if you do get relief, it's going to be in the form of an interest rate reduction &/or a conversion to a Fixed rate. Those paying interest only might even see their payments RISE!

I wrote more about this today at ThePhoenixAgents.com, too. And I'm working on a follow-up with more details...

Jay, I'm anxious to hear your thoughts on the topic..

**Chris Butterworth´s last blog post..President Obama to focus on foreclosures</abbr></abbr>

share
  • spam
  • offensive
  • disagree
  • off topic
 Like
Laurie

I'd love for you to read my letter to the president. It's my take on this as a patiently waiting first time home buyer.

http://laurieray.blogspot.com/2009/02/dear-mr-pre...

**Laurie´s last blog post..Dear Mr. President,</abbr></abbr>

share
  • spam
  • offensive
  • disagree
  • off topic
 Like
James Boyer @ Morris

I still don't get how this is going to help the US economy or the local real estate markets. It seems to me Obama and the Congress are not addressing the main thing that needs to be addressed. The lack of demand for all the homes currently for sale in all the real estate markets around the country.

**James Boyer´s last blog post..Chatham NJ Real Estate Update / January 2009</abbr></abbr>

share
  • spam
  • offensive
  • disagree
  • off topic
 Like
Ryan@Bellingham Home

I think we are all curious to see/hear what the plan is and how effective it will actually be. I will have to check back in couple of hours to hear what the story is.

**Ryan´s last blog post..Mambo Italiano in Bellingham - Fairhaven</abbr></abbr>

share
  • spam
  • offensive
  • disagree
  • off topic
 Like
Nick@taux hypotheque

"A" for an effort, but I don't believe that this could give obama an impact to his government. People are crying out because of the effect of the subprime crisis.

share
  • spam
  • offensive
  • disagree
  • off topic
 Like
Chris Butterworth

It's nice to hear that the president is so concerned, but I don't think this initiative is going to have much of an impact at all. I read the local paper's report and the report at the White House blog, and I just don't see how this will help more than a handful of people.

It doesn't look like you'll get any relief if:

* You owe more than 105% of your home's value.

* You have a 2nd mortgage in addition to your first.

* You've lost your job, taken a job with a lower income, or otherwise had an income reduction.

Who's left?

Oh yeah, and if you do get relief, it's going to be in the form of an interest rate reduction &/or a conversion to a Fixed rate. Those paying interest only might even see their payments RISE!

I wrote more about this today at ThePhoenixAgents.com, too. And I'm working on a follow-up with more details...

Jay, I'm anxious to hear your thoughts on the topic..

**Chris Butterworthu00c2u00b4s last blog post..President Obama to focus on foreclosures</abbr></abbr>

share
  • spam
  • offensive
  • disagree
  • off topic
 Like
Laurie

I'd love for you to read my letter to the president. It's my take on this as a patiently waiting first time home buyer.

http://laurieray.blogspot.com/2009/02/dear-mr-pre...

**Laurieu00c2u00b4s last blog post..Dear Mr. President,</abbr></abbr>

share
  • spam
  • offensive
  • disagree
  • off topic
 Like
James Boyer @ Morris

I still don't get how this is going to help the US economy or the local real estate markets. It seems to me Obama and the Congress are not addressing the main thing that needs to be addressed. The lack of demand for all the homes currently for sale in all the real estate markets around the country.

**James Boyeru00c2u00b4s last blog post..Chatham NJ Real Estate Update / January 2009</abbr></abbr>

share
  • spam
  • offensive
  • disagree
  • off topic
 Like
Ryan@Bellingham Home

I think we are all curious to see/hear what the plan is and how effective it will actually be. I will have to check back in couple of hours to hear what the story is.

**Ryanu00c2u00b4s last blog post..Mambo Italiano in Bellingham - Fairhaven</abbr></abbr>

share
  • spam
  • offensive
  • disagree
  • off topic
 Like

Facebook Comments

 

The ARMLS logo indicates a property listed by a real estate brokerage other than Thompson's Realty.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Copyright 2012 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Data last updated 2/9/12 2:30 PM PST.

This IDX solution is (c) Diverse Solutions 2012.