Friday, March 26, 2010

Why Now?

News Alert: Obama administration to order lenders to cut mortgage payments for jobless
06:02 PM EDT Thursday, March 25, 2010

The Obama administration plans to overhaul how it's tackling the foreclosure crisis, in part by requiring lenders to temporarily slash or eliminate monthly mortgage payments for many borrowers who are unemployed, senior officials said Thursday.

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My question is why now?  Would it not have made better sense and helped people to do this when they were doing the Economic Stimulus Package.  This could have helped me out a lot (and it still may).  I am sure the mortgage company lobby will be out in full force on this.

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