The Obama administration is looking for ways to let 'underwater' homeowners refinance their mortgages, one of a series of ideas being hashed out ahead of an expected announcement next week, according to a person familiar with the planning.
The Treasury Department is mulling as many as 10 ideas to help deal with the housing crisis, and has yet to settle on any one approach.
The White House said President Barack Obama intends to unveil the plan Wednesday during a speech in Phoenix. The administration has already said it would spend $50 billion to help struggling homeowners,
Wall Street Journal