When applying for a loan modification under Obama’s new stimulus package ‘Make Home Affordable’ one of the requirements is that you need to explain why you cannot meet your current mortgage repayments. Any information you send to your lender needs to be accurate and honest so that it provides a true reflection of your current situation and how you got into difficulty. It should also indicate that it your full intention to resolve your difficulties in a satisfactory way.

Well?perhaps not, but it looks like the Federal Reserve may be stopping any new efforts to ?revive the economy? at its meeting this week. According to economists, Chairman Ben Bernanke and his colleagues do not want to overdo the stimulus medication and that ?motivating the economy? by way of the Fed might stir up the flames of inflation later on, so the Fed is predicted not to make any additional moves this week.

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