Adam Quinones, one of the mbs commentary bloggers, has wrote a fantastic blog regarding the new Housing Affordability and Stabilization Plan introduced this week. I encourage all mortgage professionals to check it out. CLICK ME. This blog has the actual guidelines and qualifications and may be a little to advanced for the average consumer, but Adam put a great deal of time into putting this together. Please check it out. You will see sections titled Plain and Simple which will be comments from Adam to help explain each section.
Adam, YOU DA MAN!!!!!