tinkerbell,
The bill doesn't get started until October 1st...........and it is voluntary for the lenders.......which is the key word............so we don't really know who and how many it is going to help yet.......or which investors will even accept a short payoff..........and it looks like you can not have more than one lien on your property, which leaves out alot of people already.............
Here is the fact sheet information on it so far............
FACT SHEET: FHA TO PROVIDE ADDITIONAL MORTGAGE ASSISTANCE TO STRUGGLING HOMEOWNERS