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Jim B. · 03-04-2009, 08:30 PM

The Obama plan has 2 parts, one refinancing of loans in good standing but the potential to default. These loans have to be backed by eithr Fannie Mae or freddie Mac. This will not be a broad stroke fix.

The other part is directed to loan modifications for both people that are current but sliding toward default and those already behind in payments or in default. This modification help is going to help a lot more people than the 1st part. Go to recovery.gov and then click on the "making homes more affordable" link, March 4th update. Or google the same There is help out there.

03-04-2009, 08:30 PM	#5 (permalink)
Jim B. Senior Member Join Date: May 2008 Posts: 34 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Countrywide Forbearance Agreement The Obama plan has 2 parts, one refinancing of loans in good standing but the potential to default. These loans have to be backed by eithr Fannie Mae or freddie Mac. This will not be a broad stroke fix. The other part is directed to loan modifications for both people that are current but sliding toward default and those already behind in payments or in default. This modification help is going to help a lot more people than the 1st part. Go to recovery.gov and then click on the "making homes more affordable" link, March 4th update. Or google the same There is help out there.