I just read
Todd's post at Lenderama.com about HR 5830 and it sounds like more bad ideas from the government. Shocking, I know.
A so-called "bailout" is probably inevitable, whether it favors big lenders or homeowners it means pretty much the same for the U.S. economy at large, which is more national debt and higher taxes.
How about everybody sucks it up and cuts their losses for once instead of being a bunch of babies running to mommy government official for help? That help is never good for you anyway... it's like dealing with the devil. Sell your soul for temporary relief now for an eternity of additional pain later.
No thanks.