In the Housing and Recovery Act of 2008, FHA home loans are supposed to be easier for people with sub prime and adjustable rate loans to get. This bill is supposed to potentially help up to 400,000 US citizens.
One of the reasons many people are foreclosing is because their mortgage payments have substantially gone up. But it seems to me that in most cases the homes they were in was never really affordable. These FHA loans aren't going to be given to everyone, and I question how much this act will really help homeowners in danger of foreclosure.