[CatOwner]

"The Pontiac, Mich.-based company’s new program will be available to first-time home buyers and people earning at or below 80% of an area’s median income ..."

So, people more likely to be able to pay off a loan are offered no relief.

[uranium penguin]

If you thought house prices were expensive before..

Wait until people hear about FREE HOUSES!

I wonder, what % will put $0 down. and then not pay the mortgage from day 1 or 60?

Then it will take the bank a year+ to evict. and then have to resell.