Reference:
Christie, L.(2010, January 22). Get help - before you fall behind on your FHA mortgage. Retrieved January 24, 2010, from http://money.cnn.com/2010/01/22/real_estate/easier_FHA_help/index.htm\
Summary:
In this article, the U.S government approves to extend your mortgage. You can submit some documents about your problem of economic, if you cannot pay your mortgage on time. For example, unemployed, handicap, and die. You can submit to FHA(federal housing administration). The FHA hopes that borrowers touch them early because the FHA can help some borrowers to solve some problems about their mortgage.
This program can help borrowers to pay their mortgage to postpone few years or reduce the interest of mortgage.
Reaction:
I think that this program is a good program for all of borrowers because it can help a lot of borrowers to keep their house. Some borrowers are delinquent their mortgage may they are involuntary. They may be unemployed or have some problems about their financial. They may be cannot to pay their mortgage on time for one or two months. If they can prove some documents to the FHA, The FHA can help them to solve this problem. The borrowers will not worry their house will be freezed. Also, this program has another advantage. The other advantage is reduction some problem about crime or suicide. A lot of crime and suicide are delinquent from their mortgage because they worry their house or asset will be freezed from their banks. If they can touch the FHA early, the Crime and suicide may not happen when they delinquent from their mortgage. Therefore, this program will help many borrowers to solve their problem of mortgage.
