President Obama today enacted two measures that provide incentives for lenders and loan servicers to make troubled mortgages more affordable. The legislation also streamlines Hope for Homeowners, a government program to refinance �underwater� loans that so far has helped few distressed borrowers.  Obama said the bills also require banks to honor existing leases on foreclosed properties, and provide $2.2 billion to help homeless families. In addition, the measures give federal investigators more tools to crack down on mortgage and commodity fraud.

�I believe we�re moving in the right direction, but I want to remind everybody that it took many years and many failures to get us here, and it�s going to take some time to get us out,� Obama said. �The stock market will rise and fall. The job market has taken a beating and won�t be back immediately. The housing market still has a long way to go. But I�m confident we will get there.�  As the details of the measure are released I will keep you informed to what this means for Nevadans