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[All-In-1-Min] 【预整理】2010-03-27&03-28 ABC Video News(蓝字处求教)

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We learn this overnight ABC news confirming of the change will be announced at this morning. We have been under see * , as you know, this is the second major adjustment of Obama administration’s program to help these home owners on the brink in just week.

The first change with a lot of home owners who have lost their jobs for the fist time the federal program will aggressively reach out to some unemployed borrowers. And this is key, because until now the major banks have an invest p- of cases then unwilling to modify mortgage for home owners how to work. The banks say because customs couldn’t establish income.

Under the change some unemployed home owners may now get a six month break on the mortgage while they look for work. The bank could charge no more than 30% of the home owner’s receiving in unemployment benefits. And many economists say this change had to be made, the program was not working.

The second major change involves home owners considered under water. Pay mortgage is valued higher than the homes even their worth after home values plummeted in this recession. Base on the program with reduced the mortgage payment by at least 10% to get with in 15% of the real value of the home now. That new mortgage amount a short of deal to keep the home owners still pay even know they are under water, and give the banks to gradual small rate down or loss on the home instead of out wait for closure.

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