Here's a suggestion for Congress,
Banks are forced to forgive (currently homeowners who are late) the late / delinquent amount, cut the rate on the loan to something like 5.5% and lock it in at 30 years. They must continue to pay on the original loan value and wait out the value. The affordability of the house payment would certainly become normal again. Increasing those who are living in their homes and keeping those empty houses out of the neighbor hood adding to the devaluing of properties. (it would keep money at the mainstream level and almost certainly less than the 7 billion.)

Here's my suggestion for Congress,and a reply to Kathy in Fla.
If a homeowner has a 300,000 mortgage fixed at 8% for 30 years, his payment w/ principal and interest only (not property taxes or homeowner ins. premiums, which are usually added to the mortgage payment) his/her payment would be aprox $2201.29 P&I monthly. by cutting the interest rate to 5.5% it would help some, but only by aprox. $497. a mo. What should be done is the interest rate should be cut to 1 or 1.5% thus cutting their house payment in half. What is hurting most people I work with is the property taxes and homeowners insurance that has doubled and tripled since 2004/2005. Everyone has to live somewhere. What is the problem with the banks taking all the "past due" payments and fees and adding them to the end of the loan, after all it's 30years, what is a few more months added on going to hurt?

It is a pity, that now I can not express - it is compelled to leave. But I will be released - I will necessarily write that I think on this question.

Поздравляю, эта замечательная мысль придется как раз кстати

It is a pity, that now I can not express - I am late for a meeting. I will release - I will necessarily express the opinion on this question.

It is a pity, that now I can not express - I hurry up on job. But I will be released - I will necessarily write that I think on this question.