MAKING HOME AFFORDABLE
This program, part of the Obama Administration’s comprehensive plan to stabilize the US economy, is aid around seven to nine million eligible homeowners get mortgage relief and avoid foreclosure. This is done by reducing the monthly mortgage payments to a more manageable level. This may be accomplished by refinancing or modifying the existing mortgage.
Homeowners may visit the program’s website at www.makinghomeaffordable.gov. Obama administration allocated $75 billion for this program.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Leading Indicators | Aug | |
| 11:00 | Ifo Business Climate Index | Oct | |
| 11:00 | Ifo Current Assessment | Oct | |
| 11:00 | IFO - Expectations | Oct | |
| 13:00 | CBI retail sales volume balance | Oct | |
| 01:50 | Corporate Service Price Index | Sep | |
| 02:01 | BRC Shop Price Index | Oct | |
| 07:00 | BOJ Core CPI | Sep | |
| 10:00 | Unemployment Rate | 3 quarter |
