According to a number of industry experts, President Barack Obama's plan to help struggling homeowners may contain measures that will not need approval from Congress, while others are expected to encounter harsh opposition. 

A number of legislators have vowed to prevent the proposed legislation from taking effect. However, analysts claim that the president's promise to give homeowners affordable closing solutions to refinance their mortgages that aren't backed by a government-sponsored enterprise into lower rates has little to no chance being approved by Congress.

However, according to The Washington Post, government agencies responsible for programs to help underwater homeowners will be able to remove current carrier restricting some borrowers from refinancing without the approval of Congress.

Meanwhile, an additional measure that should not need the go ahead from Congress is giving homeowners the right to appeal the denial of a mortgage modification through a formal review process.

Additionally, the Obama administration's pledge to eliminate the closing costs currently required from Fannie Mae and Freddie Mac could face harsh criticism, but if the legal issues included with this measure can be ironed out, homeowners could receive relief within a matter of weeks.