Indiana Mortgage Relief: Obama Announces Help for Homeowners

Indiana Mortgage Relief: Obama Announces Help for Homeowners WASHINGTON — President Barack Obama is aiming mortgage relief at members of the military as well as homeowners with government-insured loans, the administration’s latest efforts to address a persistent housing crisis.  On the heels of economic crisis, any Indiana mortgage relief is a welcome sight!   In his first full news conference of the year Tuesday, Obama announced plans to let borrowers with mortgages insured by the Federal Housing Administration refinance at lower rates.  That could save the average homeowner more than $1,000 a year.   Under the housing plans Obama announced Tuesday, FHA-insured borrowers would be able to refinance their loans at half the fee that the FHA...

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