According to ABCNews.com, these are a few of the provisions that will be announced in President Obama's proposal to bail out the housing market.
- The price tag is $50 billion -- from the TARP funds -- plus more on top of that from other programs.
- Government subsidies for lenders to modify loans to homeowners who are struggling to make payments. The government would subsidize the difference.
- A program through Fannie Mae and Freddie Mac for homeowners to refinance their mortgages if they owe more than their homes are worth.
- An effort to make loans more affordable through various means -- extending loans, lowering interest rates, and other ways.