WASHINGTON, DC— In this week’s address, President Obama said seven years after the real estate bubble burst, our housing market is healing. The administration’s policies have helped responsible homeowners save money on their mortgages and stay in their homes, and the President’s consumer watchdog agency is working to protect consumers from being taken advantage of on their mortgages, but there is still more work to do. The President urges Congress to quickly confirm Mel Watt to lead the Federal Housing Finance Agency, and take action to give every responsible homeowner the chance to refinance and save money on their mortgage, so that we can keep growing the housing market, support working families, and strengthen the economy.
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