Special Report: Global Financial Crisis

Obama unveils mortgage relief plan to tackle foreclosure crisis

President Barack Obama speaks about relief for Americans facing home foreclosure at Dobson High School in Mesa, Arizona February 18, 2009. U.S. President Barack Obama on Wednesday revealed a mortgage relief plan in an effort to prevent more Americans from losing their homes.(Xinhua/Reuters Photo) Photo Gallery>>>

    WASHINGTON, Feb. 18 (Xinhua) -- U.S. President Barack Obama on Wednesday revealed a mortgage relief plan in an effort to prevent more Americans from losing their homes.

    The plan is expected to help between 7 million and 9 million American families to avoid foreclosure, said the president in an address in Mesa, Arizona.  Full story