The complete announcement of President Obama’s housing assistance programs not involving bankruptcy can be found at FinancialStability.gov. The site offers a self assessment tool so you can determine if you are eligible for the programs for loan modification or for refinance.
We will have an overview of these programs here soon.
The success of these programs which depend on lender cooperation will be strongly influenced by whether borrowers have an alternative route to mortgage modification in Chapter 13. The Senate is expected to take up the Helping Families Save Their Homes Act this coming week.