Feb 19, 2009

Government program to help responsible homeowners

Responsible: worthy of or requiring responsibility or trust; or held accountable; "a responsible adult"; "responsible journalism"; "a responsible position ...
creditworthy: having an acceptable credit rating; "a responsible borrower" wordnet.princeton.edu/perl/webwn

I am reading the Homeowner Affordability and Stability Plan Executive Summary and cannot help but notice that the plan calls for help to "responsible homeowners". These responsible homeowners according to this summary are identified as those who:
  • Who make their monthly payments and fulfill their obligations
  • Who have lost their jobs or had their hours cut back, are now struggling to stay current on their mortgage payments

The plan which includes interest and mortgage reduction is clear that this "initiative will go solely to helping homeowners who commit to make payments to stay in their home".

I hope the millions of responsible homeowners facing hard economic times are able to take advantage of this new plan.

Read the full summary


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