My opinion is that the plan does not offer that much. It does give first time buyers a incentive of a $8000 credit on their income taxes that does not have to paid back. This may assist some in making a decesion to purchase homes in 2009. The program las year for $7500 with a pay back had little interest.

Increasing the cap level for FHA,FNMA and FHLMC loans will help refinance homes that are at higher value at lower rates.

Setting Foreclosue mitigation and short sale standards that are not much differnt than what is already out their but causing confusion of people in default. Most likely the loss mitigation program is putting more stress on the Hope program to perform, which they have not been able to do to date, because of number of cases and inablity to follow up with banks to ensure cases are reviewed.

Some of these actions seem to be puttting off today for something in the future.