Results from Piecemeal Housing Plans Leave Doubts About Effectiveness
Even as the House of Representatives passed two housing rescue bills and the Senate wrestles over a bill of its own, criticism is raining down on those remedies to the housing crisis that are already in place. There are so many piecemeal plans operating such as Hope Now, Project Lifeline and FHA Secure that it is hard to make any blanket assessment of performance, but a few initiatives stand out. Also under fire, not unexpectedly, are proposed new rules for regulating the mortgage industry...
Ref. https://www.mortgagenewsdaily.com/5132008_Housing_Plans.asp