Obama plan aims to help 'responsible' homeowners
Reporting from Los Angeles and Washington E. Scott Reckard -- The Obama administration's plan for a housing rescue aids two groups of homeowners largely left out of previous efforts and aims to deny benefits to those who have been unwise or greedy, according to details released Wednesday.
The plan would greatly expand mortgage relief to those who have not missed payments and those whose homes are worth less than their mortgages.
What the program will not do, administration officials insisted, is reward those who dug themselves into a hole through ill-advised actions.
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