If you're unemployed and in danger of losing your home...
The federal government today unveiled an online tool that will let mortgage companies project the income you may be getting from unemployment benefits.
Admittedly, that's not going to help many jobless persons who are in dire straits. But for those who are trying to get a home loan modification application accepted, this may help.
Find the new tool on the U.S. Department of Labor's Web site.
The program, funded through the American Recovery and Reinvestment Act, took a collaboration of the Labor department, The U.S. Treasury Department, Fannie Mae, Freddie Mac, the Federal Reserve Bank and the Hope Now Alliance.
By calculating a homeowner's expected jobless benefits over several months, it may help people qualify for loan modification.