Recently the government published an update to what had come out earlier in the year.  This new report shows what is being done to help homeowners sell their home or make an arrangement with their lender.  Download the report at this link.  This should make the process of coming up with a solution that much easier, now that they have defined the guidelines better.

http://www.treas.gov/press/releases/docs/05142009FactSheet-MakingHomesAffordable.pdf