New mortgage plan: who qualifies? how it works?

loan must be owned by Fannie Mae or Freddie Mac and homeowner must:

- Be at least 90 days late;
- Live in the home;
- Prove hardship;
- Payment adusted to 38% of income;
- Principal not reduced

看来，中国人民光勤劳不勇敢， 还吃不上这块馅饼呢。

让“无债一身轻”见鬼去吧！

所有跟帖： 

• Details -美西游子- ♀ (168 bytes) () 11/11/2008 postreply 17:27:13

• what if both lose jobs and no income? -729418- ♀ (26 bytes) () 11/11/2008 postreply 18:32:57

• Is the 38% before or after tax? -729418- ♀ (0 bytes) () 11/11/2008 postreply 17:53:46

• gross monthly income -美西游子- ♀ (0 bytes) () 11/11/2008 postreply 19:04:29

• I believe for the loan modification for the -CALoanAgent- ♂ (127 bytes) () 11/11/2008 postreply 23:24:53