FDIC program expands loan mods to "owner occupied" properties

Take a look at this news from last last night. 11/13/08.

The qualification for inclusion says “owner occupied” not “primary” as has been the case in all previous proposals.

I would like to hear what others think? Am I reading to much into this news or am i right?

Does the FDIC proposal mean primary residence AND owner occupied second homes are eligilbe ?

Read this link and post a comment.