An explanation of how the Fannie/Freddie Foreclosure Relief Plan will help homeowners to keep their homes.

Details of President Obama’s foreclosure relief plan have been announced and on this episode of the Affordable Housing podcast, George Duarte, Vice Chairman of the California Association of Mortgage Brokers, explains how the plan will assist some homeowners in avoiding foreclosure. From his vantage point as both a mortgage and real estate broker, Duarte offers an assessment of where we are in the credit crunch and how things are moving.