The Obama administration announced Friday (03/27/2010) that people receiving unemployment benefits would see their mortgage payments drop to no more than 31 percent of their monthly income for three to six months.  For borrowers who owe more than their homes are worth, their mortgage companies can cut the total amount they owe, or they can refinance into loans backed by the Federal Housing Administration. FHA will get $14 billion in incentive money from the federal bailout fund. More-->