Speculation is flying freely about the pending eligibility details of the Obama homeowner rescue plan. Here is an article that suggests the plan and FHA may have stipulations to help people who have been laid off.
On Tuesday, a government housing official told a U.S. House of Representatives panel that the Obama administration is currently working on a way to offer more home loan relief to the unemployed, Dow Jones Newswires reports.
These plans may include permission for the Federal Housing Administration to help households in which a breadwinner has been laid off due to the recession, Vance T. Morris, Housing and Urban Development director for single family asset management, told the panel.
February 12th, 2010 at 12:11 pm
I am currently laid off. Is there any relief program that can defer or reduce payments for time.