A great graphic from the WSJ

“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.)

(Click to enlarge.)

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.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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6 Responses to A great graphic from the WSJ

  1. Interesting read. The chart you put up will not enlarge though. I still wonder how this is really fair to those of us who were responsible and only took on mortgages that we could afford. On top of that where is the justice. Why are the leaders of the companies that took this economy down with their stupidity and greed not being prosecuted?

  2. Jim – try right clicking and open in new window. Worked for me!

  3. jay says:

    will not enlarge for me either in firefox or explorer.

    I see this blog turned no follow. Lame. Or are occasional contextual links allowed still?

    I’d like to see the graphic if somebody can post a link to it.

    jay

  4. Is it me or when analyzing the rules, only a very tiny handful of people would actually be able to modify their loan making the program worth a fraction of what it’s been made out to be worth? The program seems almost worthless to me (imho).

  5. I think the refinancing provisions are practically useless (105% being the biggest problem) but the loan modification provisions look like they would fit a lot of people.

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