Presidential Candidates Foreclosure Proposals

This article:

http://news.yahoo.com/s/politico/20080403/pl_politico/9355;_ylt=Am87FaRMJNZEGbvWlOZCwA.s0NUE

outlines the three main Presidential candidate's (McCain, Clinton, Obama) proposals to deal with the foreclosure situation in the United States.

In short,

McCain vigorously opposes government intervention in the housing crisis.

Clinton proposes to create a $30 Billion housing fund.

Obama would give $10 billion of a $30 billion stimulus package to state and local governments hardest hit by the housing crisis.

Both Clinton and Obama support plan by Rep. Barney Frank (D-Mass.) and Sen. Chris Dodd (D-Conn.) to refinance mortgages for millions of homeowners at risk of defaulting. Services and lenders would adjust the loans, and the FHA would guarantee as much as $300 billion in mortgages.