I've been reading a few articles on the Federal Government's "Making Home Affordable" plans and it's confusing, to say the least.
1. SUMMARY OF BOTH PROGRAMS:
I did find a good article in the form of "Questions and Answers" that seems clear and offers a description of each of the two programs: The Refinance Program and the Mortgage Modification Program (a 10 page *.pdf file). WARNING: this is a detailed description of the programs; plan to spend several minutes reading this article - for eligibility please refer to questions 6 (refinance) and 12 (loan modification).
Here is the site: http://www.financialstability.gov/docs/counselor_qa.pdf
2. Link to REFINANCE ELIGIBILITY PROGRAM
There's also an "easy" flow sheet that you can read, answer Yes or No, and find out if you qualify. For the home mortgage refinance program, please go to: http://www.financialstability.gov/makinghomeaffordable/refinance_eligibility.html
3. Link to the MORTGAGE MODIFICATION PROGRAM
Here's the second section on mortgage modification - again, you can answer the questions and find out quite easily if you qualify. Please go to: http://www.financialstability.gov/makinghomeaffordable/modification_eligibility.html
Please let me know if these articles have been helpful to you. If you have any further questions, please let me know - I'll gladly refer you to a mortgage professional who can provide more details regarding both programs.