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not talking here about any sweeping changes, but rather tweaks to an existing program to help ailing homeowners. it will impact up to 4 million people. i should point out, here are some key elements to this plan. first of all, if you are unemployed and if your home is underwater in other words, you owe more on the home than it s worth well, you can see your mortgage payments reduced by about 1% or less of your income. this is temporary. it would last from three to six months. secondly, banks and other lending institutions will be given an incentive to cut the debt, the amount that people owe on their mortgages if their homes are underwater. banks have been reticent to do this. the administration hoping that this will provide some incentive for them to do it. finally, if you re current on your mortgage but it s still underwater, you could still be able to refinance using an fha loan. and again, these are just measures that the administration is hoping will cut down on the

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