“Mortgage Bailout to Aid 1 in 9 U.S. Homeowners,” is the headline from today’s Journal, and there’s a gem within the story: A graphic that shows who will qualify and who won’t for help under either of the two pieces of President Obama’s $75 billion “Making Home Affordable” (MHA) program. (For some reason, the Journal doesn’t mention the actual name of the program.)
There’s a lot more information at the program’s official Web site, http://www.financialstability.gov. (It’s still under construction, meaning it’s not as well done as most of the administration’s Web sites, but it’s still chock full of information.) You can also snag this PDF from the Treasury Department that offers more details about MHA.
And, of course, we’re going to try to keep you informed right here.