Loan modification relief for all Americans now
Why is this important?
We need a loan modification program immediately available to the millions of Americans with under water mortgages from any size bank and not just the "too big to fail" institutions. Locking these homeowners into a low fixed interest rate would help stem foreclosures, keep Americans in their homes, put more cash in their pockets and go a long way in helping to refuel the economy. If a fair and balanced principal reduction formula could be worked out, even better. The banks got bailed out with our money and it's time that Main Street got a piece of the pie.
