IF the Gov starts guaranteeing re'fi's...

The Government may be close to a program guaranteeing sub-prime resetting re-fis (since the banks are having problems approving the borrower w/ zero to negative equity). Doe anyone know the mortgage market well enough to tell us what might be the consequence of this? 1. Will this open up more lending to potential homeowners? 2. Will banks lend and be less likely to re-negotiate with the borrower? I’m curious looking at this from a real estate investor point of view.

No No more lending; they’ll need to save their @ss somewhere else