I read an article yesterday that said home owners are getting more help. It also said that the program will include investors. I have no idea what that means but they need to get investors involved and make it easier for them.
The govt is also going to increase incentives to the big banks to reduce loan balances. Up until now, they only reduced interest rates. That would be a big incentive. Even if your loan is 2%, if you are 50% upside down, it does not help much.
