
6 companies to get $9.9B under mortgage program
If you are more than 5% under water in your house(s) the Federal money going to banks won't apply to you. Those of us who are 25%, 50% or more under water will have to find our own ways of lowering the principal.
What can you do? Sue the Banks for predatory lending. Sue the Banks for violations of TILA and RESPA. Sue the Banks for appraisal fraud - if you can prove any of the above. Stop paying your mortgage - let .em have it back. File for a Chapter 13 Bankruptcy - if you have income. File for a Chapter 7 if you don't.
It's only rational.
To read more about the $9.9B mortgage program, go here.