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Friday Facts—Making Homes Affordable

The recession and declining housing market have left many American families in danger of losing their homes. On Monday, President Obama announced a refinancing initiative to help more Americans stay in their homes.

This week’s Friday Facts takes a by-the-numbers look at our housing situation, and how the President’s policies are helping homeowners:

  • 5 million: Americans who have lost their homes through foreclosure since 2006

  • $2,500: Average amount homeowners can save every year by refinancing their mortgage through the President’s expansion of the Home Affordability Refinancing Program

  • $20 billion: Amount that’s been put back in the pockets of American families since 2009 because of refinanced mortgages

For more, download the full fact sheet, and take it with you when you’re out talking to voters this weekend.

Looking for more Friday Facts? Here are a few recent fact sheets: Rebuilding America; Breast Cancer Awareness Month; How the American Jobs Act Supports Teachers

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