Section 110

[Alan®]

GENERAL.—To the extent that the Federal property manager holds, owns, or controls mortgages, mortgage backed securities, and other assets ecured by residential real estate, including multifamily housing, the Federal property manager shall implement a plan that seeks to maximize assistance for homeowners and use its authority to encourage the servicers of the underlying mortgages, and considering net present value to the taxpayer, to take advantage of the HOPE for Homeowners Program under section 257 of the National Housing Act or other available programs to minimize foreclosures.

(2) MODIFICATIONS.—In the case of a residential mortgage loan, modifications made under paragraph (1) may include—
(A) reduction in interest rates;
(B) reduction of loan principal; and
(C) other similar modifications.

Thoughts? I can't believe McCain supports this garbage

[Alan®]

with all the discussion on the bailout nobody has an opinion on this?

[v-empire]

you are gay.




u r not maverick.

[Alan®]

you are gay.




u r not maverick.

Wow that took some effor to come up with huh?

[v-empire]

lol