FHFA's New Mortgage Program Offers Lower Payments

The FHFA has unveiled a new mortgage program. This program offers lower payments to borrowers by changing interest rates, extending the length of the loan, and principal forbearance. Although this and other measures to help get home owners out of debt have been backed by the President, not everyone agrees that this is the way to do it. Some say that by forgiving these debts, it is not only teaching those people that they do not have to follow through with their responsibilities, but also that it will end up costing tax payers more money in the long run. Read the full article here:  http://www.foxbusiness.com/on-air/willis-report/blog/2013/03/28/fhfas-new-mortgage-program-offers-lower-payments