Aren't these congress issues though?

[Wiener]

http://www.reuters.com/article/2011/10/24/us-obama-economy-idUSTRE79N0J920111024

The Obama administration has been working with the Federal Housing Finance Agency, the regulator for Fannie Mae and Freddie Mac, to find ways to make it easier for borrowers to switch to cheaper loans even if they have little to no equity in their homes.


Does the left hand know what the right hand is doing?

"The only way we can truly attack our economic challenges is with bold, bipartisan action in Congress," White House Communications Director Dan Pfeiffer told The New York Times.

Obama is talking about making EO to do this right?  Why then bring congress into it?

[beefman]

depends who is in control of congress....

[redcap]

Just what we need. More credit to people unable or unwilling to pay.

[beeker]

The way I see it person A owned a home and sold it to person B for $250K.  Person B gave person A $20K plus $230K that was borrowed from the bank.  For many reasons, the economy being the top one, the home is no longer worth $250K so the gov't is pushing to have the mortgage adjusted to reflect true value.  Since person A received $250K from a combination of person B (20K) and the Bank (230K), who is the person reaping great profits, and which enitity is taking greater losses?  Amazingly enough, merely coincidental I'm sure, many members of Congress have made their fortunes in Real Estate and near the top of the list is the Pelosi family. 
Just saying.

[Wiener]

The way I see it person A owned a home and sold it to person B for $250K.  Person B gave person A $20K plus $230K that was borrowed from the bank.  For many reasons, the economy being the top one, the home is no longer worth $250K so the gov't is pushing to have the mortgage adjusted to reflect true value.  Since person A received $250K from a combination of person B (20K) and the Bank (230K), who is the person reaping great profits, and which enitity is taking greater losses?  Amazingly enough, merely coincidental I'm sure, many members of Congress have made their fortunes in Real Estate and near the top of the list is the Pelosi family. 
Just saying.

I think the President is crazy and he should be the one to re finance any loan with his own money and not ours.  He seem very good at wasting our money and then not really caring about the results he receives when he spends it.  There are already so many examples of this wonderful carefree with our money attitude in his recent past that I think American's home owners or not should be outraged.