Well, it doesn't really look like anyone has a really solid understanding of what's going to happen. On a quick read around, I think that the actual number of people that will be eligible and participate in this program is far lower than the 1-1.5 million I keep seeing quoted.
I don't think that this is really going to do all that much for the economy or the housing crisis - at best it avoids some foreclosures (which is a good thing). At worst, it's lots of activity with little impact.
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