It will not reward folks who bought homes they knew from the beginning they would never be able to afford.
Barack Obama
The Public Record
Barack Obama served as the 44th President of the United States from January 20, 2009, to January 20, 2017. A member of the Democratic Party, he previously represented Illinois in the U.S. Senate from 2005 to 2008 and served in the Illinois State Senate from 1997 to 2004. Obama is known for his signature policies including the Affordable Care Act, also known as Obamacare, and his efforts in economic recovery following the 2008 financial crisis. His presidency was marked by significant legislative achievements and a focus on healthcare reform, climate change, and foreign policy initiatives such as the Iran nuclear deal.
At that point, we will be able to, I think, provide you with some clearer direction in terms of how we intend to approach Afghanistan.
I came to Canada on my first trip as president to underscore the closeness and importance of the relationship between our two nations and to reaffirm the commitment of the United States to work with friends and partners to meet the common…
First we shared a commitment to economic recovery. The people of North America are hurting. And that is why our governments are acting.
This is not going to be a reward for people who were irresponsible or who were speculators.
I came to Canada to underscore the closeness and importance of the relationship between our two nations and to reaffirm the commitment of the United States to work with friends and partners to meet the common challenges of our time.
There's a way of doing this that is not disruptive to the extraordinarily important trade relationships that exist between the United States and Canada.
Nothing's worse for a neighborhood, even for the good guy paying on time than to have foreclosures in their neighborhood. It's terrible for real estate values.
We will make it possible for an estimated four to five million currently ineligible homeowners who receive their mortgages through Fannie Mae or Freddie Mac to refinance their mortgages at a lower rate.





