Screw our federal gov't...WTF? NOw our federal gov't is passing a law that will allow homeowners in danger of foreclosure to pay only 38% of their income...no matter what the cost of the home! My question is, can I buy a home and get this same deal? Can I buy a $400K home but only pay 38% of my income to pay for it? All I can say is, I give up! Federal Mortgage Rescue Plan "U.S. mortgage plan sets standards for loan modifications â€“ goal is to reduce payments to no more than 38% of borrowerâ€™s income." Business, financial, personal finance news - CNNMoney.com My question is, if you get laid off, do you have to pay 38% of your unemployment check? What a ridiculous plan!