Pledging
These are the original issues in this subcategory
  • REFINANCING
  • LENDING
  • FEDERAL MORTGAGE INSURANCE
Winning Issue » REFINANCING


For some time, mortgage interest rates have been at all-time lows. However, many American homeowners have been unable to take advantage of this “once in a lifetime” opportunity to refinance their mortgage. Tighter loan requirements, lower home values, and a slow housing market have all conspired with reluctant lenders to cause widespread frustration, if not panic, among some home-owners. Critics claim banks are resisting the requests of many borrowers who need to replace their older high-interest loans with new less costly ones. Most believe that if banks had immediately passed on to homeowners the ultra-low interest rates they were receiving from the Fed, the Great Recession would not have been nearly so great - and many more families would still have homes. Advocates say that instead of passing this windfall along to those who were loosing their homes and those struggling with high-interest rates, banks used it on themselves and to make investments, including purchasing foreclosed homes. Advocates claim our middle class is in a fight for its life, and the causalities among homeowners have been high. They say homeowners need better access to refinancing and more protection from unethical foreclosures.


Pending Legislation:
H.R.101 - Home Foreclosure Reduction Act of 2015




Polling Options

  • I oppose reforming current homeowner mortgage refinancing policy and wish to defeat H.R.101 - Home Foreclosure Reduction Act of 2015, and also wish to donate resources to the campaign committee of either Rep. Paul Ryan or Sen. Mitch McConnell
  • I support assisting homeowners in refinancing their mortgages including requiring Fannie Mae and Freddie Mac to adopt specified criteria pertaining to borrower eligibility, representations and warranties, prohibition on up-front fees, alternative streamlined methods to determine the value of a property, the purchase or guarantee of any new mortgage resulting from the refinancing of an eligible mortgage, to guarantee fees, and wish to either reintroduce S.249 or H.R.736 - Responsible Homeowner Refinancing Act of 2013 (113th Congress 2013-2014), or a similar version thereof, and also wish to donate resources to either the campaign committee of Rep. Peter Welsh (VT) or to an advocate group currently working with this issue
  • I support amending Chapter 13 federal bankruptcy law to exclude from the computation of debts the secured or unsecured portions of: debts secured by the debtor's principal residence if the value of the residence is less than the applicable maximum amount of noncontingent, liquidated, secured debts; or debts secured or formerly secured by the debtor's principal residence that was either sold in foreclosure or surrendered to the creditor if the property's value was less than the applicable maximum amount of noncontingent, liquidated, secured debts, and wish to pass H.R.101 - Home Foreclosure Reduction Act of 2015, and also wish to donate resources to either the campaign committees of Rep. Tom Marino (PA) and/or Rep. Conyers, John, Jr., (MI), or to an advocate group currently working with this issue


Winning Option

  • I support assisting homeowners in refinancing their mortgages including requiring Fannie Mae and Freddie Mac to adopt specified criteria pertaining to borrower eligibility, representations and warranties, prohibition on up-front fees, alternative streamlined methods to determine the value of a property, the purchase or guarantee of any new mortgage resulting from the refinancing of an eligible mortgage, to guarantee fees, and wish to either reintroduce S.249 or H.R.736 - Responsible Homeowner Refinancing Act of 2013 (113th Congress 2013-2014), or a similar version thereof, and also wish to donate resources to either the campaign committee of Rep. Peter Welsh (VT) or to an advocate group currently working with this issue
You May Pledge Your Support For This Issue With A Monetary
Donation And By Writing A Letter To Your Representatives
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Pledge Period - Opening Date
February 20, 2020
Pledge Period - Closing Date
March 4, 2020
Trustee Election - Begins
February 27, 2020


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