One of the many side-effects of losing your job is, unfortunately, losing your home. Thankfully (some would say “finally”), the government is moving to stem the foreclosure crisis in a preliminary move aimed at “preventable” foreclosures. The only stipulation, it seems, to recieve this aid, is that you be at least 60 days delinquint in your mortage payments. The government has several options to help you: lowering the amount the you owe, reducing your interest rate, or lengthening the overall length of your loan. This can be a huge help to you, and let you focus on finding a new job–not a new place to live.
Source: MSNBC, http://www.msnbc.msn.com/id/28891956/