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President's New Plan to Aid Foreclosures

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    President's New Plan to Aid Foreclosures

    The Government recently announced help for those in foreclosure. When are these new measures supposed to take effect?

    #2
    The rules are supposed to be published around March 4 or 5. But honestly, don't hold your breath, what has been proposed so far is not that much different than what already exists. I honestly hope it works, but I suspect, just like the last TARP thing, it was supposed to help 100,000 homeowners, but to date, only 200 people have qualified.

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      #3
      The plan is just a cutoff from Fannie and Freddies policies and that of the FDH. I wonder how effective it will be to solve the problems...

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