HR 3609 - Emergency Home Ownership and Mortgage Equity Protection Act of 2007

Hi All:

Just wanted to toss this proposed law around this forum to get comments and views on this law.

The way I understand it is that congress intends to aid the bankruptcy (lenders) and foreclosure rate.

It appears that this law will increase interest rates and thereby increase mortgage payments.

Any thoughts.


No takers???

If payments rise, I see more foreclosures.