"Home Mortgage relief for millions of illegals"

All they are doing is adjusting the terms of the loan for those who can prove that it will be beneficial and that they are able to pay under the new conditions. I'm assuming this is mostly the underemployed who were impacted by all the layoffs. They still must pay for the house like you and I. The bill incents bankers to make these adjustments. (see page 3). Not the homeowner.

If you are one who has been paying for your home and once the credit gets freed up (or now if you have a high FICA), you too can go in and refinance your loan and receive better rates also but you don't need government backing if you are in that category. Right now they are giving out 5% and if you want, go refinance and you can have that.

I keep hearing folks saying the Government "will pay for your house", that is an extremely false statement. I read this thing several times and I do not see where the government is paying for anyone's home or giving out free houses. They will have a mortgage to pay like you and I.

 

No, but the people that voted FOR him simply because he is black are JUST AS RACIST. Don't pretend the gate doesn't swing both ways.

 

OK, you agree then. Just wanted to point that out, but apparantly you already had.

 

Yes..I agree. I also believe there were Chinese people that wouldn't vote him because he is black and Chinese people that would vote for him only because he was black. There were also white people that voted for him only because he was black. All were voting in a racist manner.

 

America was doomed during the last administration. The new president has been in office about one month trying to undo the tremendous harm done by his successor.

 

So, they will not pay their mortgages "like you and I" will they? Some of us no longer have a mortgage because we paid what we owed when we owed it according to the terms which we agreed. What is our reward for doing that? What is our penalty may be a better question relative to the tax money that will be used to cover the mistakes of others.