NEW: Homeowner Affordability and Stability Plan

On Tuesday, February 10th, Treasury Secretary Timothy Geithner outlined a comprehensive plan to restore stability to our financial system. In the address, Secretary Geithner discussed the Obama Administration’s strategy to strengthen our economy by getting credit flowing again to families and businesses, while imposing new measures and conditions to strengthen accountability, oversight and transparency in how taxpayer dollars are spent. And Secretary Geithner explained how the financial stability plan will be critical in supporting an effective and lasting economic recovery.

You can get information about the President's Homeowner Affordability and Stability Plan at www.financial stability.gov. The $75 billion Stability Plan is a federal program to prevent mortgage foreclosures. But, beware! There are organizations offering consumers home loan counseling or help getting a Stability Plan loan for a fee, usually paid in advance. The Department of Housing and Urban Development (HUD) and HOPE NOW offer free and safe counseling services and can help you apply for assistance under the Stability Plan.

For more information, please visit http://www.treas.gov/initiatives/eesa/

Homeowner Affordability and Stability Plan Executive Summary

Homeowner Affordability and Stability Plan Fact Sheet

Helping Homeowners Under the Homeowner Affordability and Stability Plan: Three Cases

Homeowner Affordability and Stability Plan Questions and Answers