I'll be the first to admit it didn't help as many folks as we'd hoped. But that doesn't mean we shouldn't keep trying. That's why I'm sending Congress a plan that will give every responsible homeowner the chance to save about $3,000 a year on their mortgages by refinancing at historically low rates. No more red tape. No more endless forms. And a small fee on the largest financial institutions will make sure it doesn't add a dime to the deficit. I want to be clear: this plan will not help folks who bought a house they couldn't afford and then walked away from it. It won't help folks who bought multiple houses just to turn around and sell them in speculation. What this plan will do is help millions of responsible homeowners who make their payments every month, but who, until now, couldn't refinance because their home values kept dropping or they got wrapped up in too much red tape.