April 5th, 2010 will see the start of a Treasury program that is put into place to help borrowers who are underwater on their mortgage. My guess is that we will start to see more houses being dumped onto the market, driving down home prices even more then we have been seeing for the last few years.
https://www.hmpadmin.com/portal/docs/news/hampupdate113009.pdf
This may be a very appealing program to those who have had or are going to have their Alt-A and Option ARM loans resetting…