Washington, DC, March 29, 2008 --(PR.com)-- FEDs expected to announce new Mortgage Guarantee Swaps through the FHA this week. Finally government relief for homeowners facing foreclosure.

In an unprecedented move the President Bush, Treasury Secretary Paulson and the Federal Reserve have reversed their position on helping homeowners at risk. President Bush has been saying he would veto any legislation that would help Homeowners and Investors facing foreclosure. He has announced his support of the newest plan offering FHA guaranteed mortgages.

On Monday, Treasury Secretary Paulson is expected to announce sweeping changes that will affect all financial businesses, expanding the control of the Treasury Department and the Federal Reserve
"I am not suggesting that more regulation is the answer, or even that more effective regulation can prevent the periods of financial market stress that seem to occur every five to 10 years," Paulson will say in the remarks he will deliver on Monday.

But the plan does seek to address problems highlighted by the current crisis in which the Fed in an unprecedented move has begun making direct loans to securities firms in an effort to shore up a system badly shaken by billions of dollars of losses stemming from sour mortgage loans.

The proposal would allow the Fed, in its new role as "market stability regulator," to dispatch examiners to check the books not just of commercial banks but of all segments of the financial services industry.

The proposal will force the mortgage lender or the owner of the note to reduce the value of the loan based on current property values and then a new mortgage would be issued at the adjusted value through the FHA.

For up to the minute announcements and applications, and guidelines visit www.fedfac.com.