Just want to share this interesting article I found regarding the Federal Mortgage plan. It contains important helpful information about your mortgage. This is very helpful especially if you are having difficulties in paying your mortgage. Here is the link:

www.bankrate.com/gookeyword/news/mortgag...pe-homeowners-a1.asp

Very interesting and informative. Thanks for sharing!

It\'s good that the federal government is doing this to help homeowners avoid foreclosures. This will help the housing market and the economy as well. The more foreclosures we have the more problem it will be for the country.

Interesting. Thanks for sharing.

Do you have to be late in your payment to qualify?

Based on what I understood, you have to be delinquent in your mortgage payments. The government will help you with your loan but you have to share the house price appreciation with the government when you sell the house. I think this is fair enough.