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                 Obama Calls for More Support for US Homeowners

   by VOA News

   U.S. President Barack Obama says the U.S. housing market is healing,
   seven years after the real estate "bubble" burst, but he adds there is
   still more work to do to help homeowners save money and stay in their
   homes.

   Obama said in his weekly address Saturday that home sales are up and
   foreclosures are down, construction is expanding, and 1.7 million
   families are no longer behind on their mortgages. He said his housing
   plan has helped more than two million people refinance their mortgages
   and save an average of $3,000 a year.

   But he said there are other U.S. homeowners who have not been allowed
   to refinance, or have done everything right but still owe more on their
   homes than their homes are worth. Obama called on Congress to support
   the effort to give all homeowners a chance to refinance.

   He also called on members of Congress to support his nominee, North
   Carolina lawmaker Mel Watt, to take over leadership of the U.S. Federal
   Housing Agency.
   Watch President Obama's address:

   IFRAME: [1]http://www.youtube.com/embed/mWVpc0-7sM0
     __________________________________________________________________

   [2]http://www.voanews.com/content/obama-calls-for-more-support-for-us-h
   omeowners/1659109.html

References

   1. http://www.youtube.com/embed/mWVpc0-7sM0
   2. http://www.voanews.com/content/obama-calls-for-more-support-for-us-homeowners/1659109.html