The Government's New HAFA Initiative

With 25% of Americans currently underwater on their mortgages, the new HAFA guidelines put forth by the Obama administration seem like a good way to stop the bleeding. Does anyone think this initiative can really work? I'd love to hear everyone's opinoins!
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Comments

  • Ditto to Kent's comment. Some of these new regulations sound great on paper but whether it's implemented is something to be seen.
  • Stephanie, From what I've read and heard, the HAFA guidelines sound like they are well-intentioned; but, my relatives came for the "show me" state of Missouri - and I'm a bit of a pragmatist myself - so....I'll believe it when I see it!
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