Don’t look now, but President Obama has another mortgage plan for Peoria.

Remember this is a guy who turned a government-backed plan called Hope Now into something its applicants soon called “Nope, Now.”

But there he was promising another mortgage fix. Under the rough terms he outlined in his State of the Union address on Tuesday night, the president offered a program that would allow borrowers in good standing to refinance at record low rates — “no more red tape, no more runarounds from the banks.”

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