EESA requires the Treasury to modify troubled loans - many the result of predatory lending practices - wherever possible to help American families keep their homes. It also directs other federal agencies to modify loans that they own or control. Finally, it improves the HOPE for Homeowners program by expanding eligibility and increasing the tools available to the Department of Housing and Urban Development to help more families keep their homes.
What is the HOPE for Homeowners program ?
11 posted on 09/29/2008 12:50:01 AM PDT by Irish Eyes
HOPE for Homeowners program is probably the repackaged CRA. They probably figured the CRA is going to start getting bad reviews. So they'll replace it with "HOPE" (since that's the new mantra). And blame the CRA on Republicans.