Who qualifies for the government mortgage plan? Is there any good websites that explain this?

It sounds as if the govt is just giving money to anyone who made a mistake.Who qualifies for the government mortgage plan? Is there any good websites that explain this?
LMAO! This will take so long to put into place. Just because they approved it, Fannie %26amp; Freddie have to make their guidelines to it %26amp; then each lender that sells their mortgages to Fannie %26amp; Freddie have to make their own guidelines. It is a joke. I would not expect anything for about 6 months.Who qualifies for the government mortgage plan? Is there any good websites that explain this?
Yes, you can go to Hope Now Mortgages dot com and they have very good explanation of the bills. Most of them ( Hope for Homeowners, Freeze Rates, Foreclosure bill, FHA Secure, etc)


They even have the bills posted if you want to read exactly what the government announced.

Report Abuse

Since it hasn't been finalized yet, no there aren't any websites explaining how it works. The House passed a bill today, but the Senate then has to pass it, and the president sign it.





There is an element of money just being given to people who screwed up, but it's support for better mortgage terms, not just a free house - you still have to pay the new mortgage.





The bill is HR 3221 if you want to track it down and read the bill itself.