By MAYA JACKSON RANDALL and JESSICA HOLZER WASHINGTON -- The Obama administration Wednesday unveiled key guidelines for its housing market rescue plan that should enable loan servicers to immediately start modifying eligible mortgages. Under the new guidelines, modified loans would have to complete a 90 day trial period before any government payments to servicers, borrowers and mortgage holders kick in. More Summary: Treasury guidelines, fact sheet Only mortgages originated on or before Jan. 1, 2009 will qualify for the program, which will accept new borrowers through the end of 2012. "Two...
photo: AP/Jae C. Hong
