If your wondering about the market bounce, this appears to be it. Very abstract (as every plan floating out there seems to be) but in general I don't think it is executable. Sounds good on the surface but no way to implement. Also I think there was going to be a bounce off of 808 where we hit 3 times several weeks ago. A natural spike up augmented by this Reuters release.
http://www.reuters.com/article/newsOne/idUSTRE51B6B620090212
The Obama administration is hammering out a program to subsidize mortgage payments for troubled homeowners who have gone through a standardized re-appraisal and affordability test, sources familiar with the plan said on Thursday.
The program would be a major break from existing aid programs, which are triggered once homeowners fall into arrears. Under the plan being contemplated, mortgage companies would use a uniform eligibility test even before a borrower becomes delinquent, sources said.
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