,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #aja  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #c1 #bjac ,mr4
 ,cony]s 7= himself1 ,mr4 ,coh51 ,mr4   
,nadl]1 ,mr4 ,mc,dermott1 ,mr4 ,scott ( 
,virg9ia1 ,mr4 ,johnson ( ,georgia1 &   
,ms4 ,jackson ,lee7 introduc$ ! foll[+  
bill2 :i* 0 ref]r$ to ! ,committee on ! 
,judici>y  ,a ,,bill  ,to am5d title #aa
 ( ! ,unit$ ,/ates ,code ) respect to   
modification ( c]ta9 mortgages on       
pr9cipal resid5ces1 & = o!r purposes4   
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,home ,=eclosure ,r$uction ,act (     
#bjac4  #b4 ,def9ition ,section #aja (  
title #aa1 ,unit$ ,/ates ,code1 is am5d$
 by ins]t+ aft] p>agraph 7#dc7 ! foll[+ 
7& make su* te*nical & con=m+ *anges z  
may be appropriate73  7#dc;,a7 ,! t]m   
qualifi$ loan modification means a loan 
modification agreem5t made 9 accordance 
) ! guidel9es ( ! ,obama ,adm9i/ration's
 ,home[n] ,af=dability & ,/ability ,plan
 z implem5t$ ,m>* #d1 #bjji1 t--  7,a7  
r$uces ! debtor's paym5t 7includ+       

pr9cipal & int]e/1 & paym5ts = real     
e/ate taxes1 haz>d insurance1 mortgage  
insurance premium1 home[n]s' association
 dues1 gr\nd r5t1 & special assessm5ts7 
on a loan secur$ by a s5ior security    
int]e/ 9 ! pr9cipal resid5ce ( ! debtor1
 to a p]c5tage ( ! debtor's income 9    
accordance ) su* guidel9es1 )\t any     
p]iod ( negative amortization or "u :i* 
! aggregate am\nt ( ! regul> p]iodic    
paym5ts w\ld n fully amortize ! out/&+  
pr9cipal am\nt ( su* loan2  7,b7        
requires no fees or *>ges to be paid by 
! debtor 9 ord] to obta9 su*            
modification2 &  7,c7 p]mits ! debtor to
 cont9ue to make paym5ts "u !           
modification agreem5t not)/&+ ! fil+ ( a
 case "u ?is title1 z if su* case _h n  
be5 fil$4  4  #c4 ,eligibility = relief 
,section #aji ( title #aa1 ,unit$ ,/ates
 ,code1 is am5d$--  7#a7 by add+ at !   
end ( subsection 7e7 ! foll[+3  ,=      
purposes ( ?is subsection1 ! computation
 ( debts %all n include ! secur$ or     
unsecur$ portions (-- 7#a7 debts secur$ 

by ! debtor's pr9cipal resid5ce if !    
value ( su* resid5ce z ( ! date ( ! ord]
 = relief "u *apt] #ac is less ?an !    
applicable maximum am\nt ( noncont+5t1  
liquidat$1 secur$ debts specifi$ 9 ?is  
subsection2 or  7#b7 debts secur$ or    
=m]ly secur$ by :at 0 ! debtor's        
pr9cipal resid5ce t 0 sold 9 =eclosure  
or t ! debtor surr5d]$ to ! cr$itor if !
 value ( su* real prop]ty z ( ! date ( !
 ord] = relief "u *apt] #ac 0 less ?an !
 applicable maximum am\nt ( noncont+5t1 
liquidat$1 secur$ debts specifi$ 9 ?is  
subsection4  1 &  7#b7 by add+ at ! end 
( subsection 7h7 ! foll[+3  7#e7        
,not)/&+ ! #ahj-;day p]iod specifi$ 9   
p>agraph 7#a71 ) respect to a debtor 9 a
 case "u *apt] #ac :o submits to ! c\rt 
a c]tification t ! debtor has receiv$   
notice t ! hold] ( a claim secur$ by !  
debtor's pr9cipal resid5ce may comm5ce a
 =eclosure on ! debtor's pr9cipal       
resid5ce1 ! requirem5ts ( p>agraph 7#a7 
%all be consid]$ to be satisfi$ if !    
debtor satisfies su* requirem5ts n lat] 

?an ! expiration ( ! #cj-;day p]iod     
beg9n+ on ! date ( ! fil+ ( ! petition4 
4  #d4 ,prohibit+ claims aris+ f        
violations ( ! ,tru? 9 ,l5d+ ,act       
,section #ejb7;b7 ( title #aa1 ,unit$   
,/ates ,code1 is am5d$--  7#a7 9        
p>agraph 7#h7 by /rik+ or at ! end1     
7#b7 9 p>agraph 7#i7 by /rik+ ! p]iod at
 ! end & ins]t+ 2 or1 &  7#c7 by add+ at
 ! end ! foll[+3  7#aj7 ! claim = a loan
 secur$ by a security int]e/ 9 !        
debtor's pr9cipal resid5ce is subject to
 a rem$y = rescission "u ! ,tru? 9 ,l5d+
 ,act not)/&+ ! prior entry ( a         
=eclosure judgm5t1 except t no?+ 9 ?is  
p>agraph %all be con/ru$ to modify1     
impair1 or sup]s$e any o!r "r ( !       
debtor4  4  #e4 ,au?ority to modify     
c]ta9 mortgages ,section #acbb ( title  
#aa1 ,unit$ ,/ates ,code1 is am5d$--    
7#a7 9 subsection 7b7--  7,a7 by        
r$esignat+ p>agraph 7#aa7 z p>agraph    
7#ab71  7,b7 9 p>agraph 7#aj7 by /rik+ &
 at ! end1 &  7,c7 by ins]t+ aft]       
p>agraph 7#aj7 ! foll[+3  7#aa7 not)/&+ 

p>agraph 7#b71 ) respect to a claim = a 
loan orig9at$ be=e ! effective date (   
?is p>agraph & secur$ by a security     
int]e/ 9 ! debtor's pr9cipal resid5ce t 
is ! subject ( a notice t a =eclosure   
may be comm5c$ ) respect to su* loan1   
modify ! rights ( ! hold] ( su* claim 7&
 ! rights ( ! hold] ( any claim secur$  
by a subord9ate security int]e/ 9 su*   
resid5ce7--  7,a7 by provid+ = paym5t ( 
! am\nt ( ! all[$ secur$ claim z det]m9$
 "u section #ejf7;a77#a72  7,b7 if any  
applicable rate ( int]e/ is adju/able "u
 ! t]ms ( su* loan by prohibit+1 r$uc+1 
or delay+ adju/m5ts to su* rate ( int]e/
 applicable on & aft] ! date ( fil+ ( ! 
plan2  7,c7 by modify+ ! t]ms &         
conditions ( su* loan--  7i7 to ext5d ! 
repaym5t p]iod = a p]iod t is no long]  
?an ! long] ( #dj ye>s 7r$uc$ by ! p]iod
 = :i* su* loan has be5 out/&+7 or !    
rema9+ t]m ( su* loan1 beg9n+ on ! date 
( ! ord] = relief "u ?is *apt]2 &  7ii7 
to provide = ! paym5t ( int]e/ accru+   
aft] ! date ( ! ord] = relief "u ?is    

*apt] at a fix$ annual rate equal to !  
curr5tly applicable av]age prime (f]    
rate z ( ! date ( ! ord] = relief "u ?is
 *apt]1 correspond+ to ! repaym5t t]m   
det]m9$ "u ! prec$+ p>agraph1 z publi%$ 
by ! ,f$]al ,f9ancial ,in/itutions      
,exam9ation ,c\ncil 9 its table entitl$ 
,av]age ,prime ,(f] ,rates--,fix$1 plus 
a reasonable premium = risk2 &  7,d7 by 
provid+ = paym5ts ( su* modifi$ loan    
directly to ! hold] ( ! claim or1 at !  
discretion ( ! c\rt1 ?r\gh ! tru/ee dur+
 ! t]m ( ! plan2 &  1 &  7#b7 by add+ at
 ! end ! foll[+3  7g7 ,a claim may be   
r$uc$ "u subsection 7b77#aa77;,a7 only  
on ! condition t if ! debtor sells !    
pr9cipal resid5ce secur+ su* claim1 be=e
 complet+ all paym5ts "u ! plan 7or1 if 
applicable1 be=e receiv+ a dis*>ge "u   
section #acbh7;b77 & receives net       
proce$s f ! sale ( su* resid5ce1 !n !   
debtor agrees to pay to su* hold] n lat]
 ?an #ae days aft] receiv+ su* proce$s--
  7#a7 if su* resid5ce is sold 9 ! #a/  
ye> occurr+ aft] ! effective date ( !   

plan1 #ij p]c5t ( ! am\nt ( ! diff]5ce  
betwe5 ! sales price & ! am\nt ( su*    
claim z orig9ally det]m9$ "u subsection 
7b77#aa7 7plus co/s ( sale &            
improvem5ts71 b n to exce$ ! unpaid     
am\nt ( ! all[$ secur$ claim det]m9$ z  
if su* claim _h n be5 r$uc$ "u su*      
subsection2  7#b7 if su* resid5ce is    
sold 9 ! #b;d ye> occurr+ aft] !        
effective date ( ! plan1 #gj p]c5t ( !  
am\nt ( ! diff]5ce betwe5 ! sales price 
& ! am\nt ( su* claim z orig9ally       
det]m9$ "u subsection 7b77#aa7 7plus    
co/s ( sale & improvem5ts71 b n to exce$
 ! unpaid am\nt ( ! all[$ secur$ claim  
det]m9$ z if su* claim _h n be5 r$uc$ "u
 su* subsection2  7#c7 if su* resid5ce  
is sold 9 ! #c;d ye> occurr+ aft] !     
effective date ( ! plan1 #ej p]c5t ( !  
am\nt ( ! diff]5ce betwe5 ! sales price 
& ! am\nt ( su* claim z orig9ally       
det]m9$ "u subsection 7b77#aa7 7plus    
co/s ( sale & improvem5ts71 b n to exce$
 ! unpaid am\nt ( ! all[$ secur$ claim  
det]m9$ z if su* claim _h n be5 r$uc$ "u

 su* subsection2  7#d7 if su* resid5ce  
is sold 9 ! #d? ye> occurr+ aft] !      
effective date ( ! plan1 #cj p]c5t ( !  
am\nt ( ! diff]5ce betwe5 ! sales price 
& ! am\nt ( su* claim z orig9ally       
det]m9$ "u subsection 7b77#aa7 7plus    
co/s ( sale & improvem5ts71 b n to exce$
 ! unpaid am\nt ( ! all[$ secur$ claim  
det]m9$ z if su* claim _h n be5 r$uc$ "u
 su* subsection2 &  7#e7 if su* resid5ce
 is sold 9 ! #e? ye> occurr+ aft] !     
effective date ( ! plan1 #aj p]c5t ( !  
am\nt ( ! diff]5ce betwe5 ! sales price 
& ! am\nt ( su* claim z orig9ally       
det]m9$ "u subsection 7b77#aa7 7plus    
co/s ( sale & improvem5ts71 b n to exce$
 ! unpaid am\nt ( ! all[$ secur$ claim  
det]m9$ z if su* claim _h n be5 r$uc$ "u
 su* subsection4  7h7 ,) respect to a   
claim ( ! k9d describ$ 9 subsection     
7b77#aa71 ! plan may n conta9 a         
modification "u ! au?ority ( subsection 
7b77#aa7--  7#a7 9 a case comm5c$ "u ?is
 *apt] aft] ! expiration ( ! #cj-;day   
p]iod beg9n+ on ! effective date ( ?is  

subsection1 unless--  7,a7 ! debtor     
c]tifies t ! debtor--  7i7 n less ?an   
#cj days be=e ! comm5cem5t ( ! case1    
contact$ ! hold] ( su* claim 7or !      
entity collect+ paym5ts on behalf ( su* 
hold]7 reg>d+ modification ( ! loan t is
 ! subject ( su* claim2  7ii7 provid$ ! 
hold] ( ! claim 7or ! entity collect+   
paym5ts on behalf ( su* hold]7 a writt5 
/atem5t ( ! debtor's curr5t income1     
exp5ses1 & debt sub/antially con=m+ ) ! 
s*$ules requir$ "u section #eba7;a7 or  
su* o!r =m z is promulgat$ by !         
,judicial ,conf]5ce ( ! ,unit$ ,/ates = 
su* purpose2 &  7iii7 consid]$ any      
qualifi$ loan modification (f]$ to !    
debtor by ! hold] ( ! claim 7or ! entity
 collect+ paym5ts on behalf ( su*       
hold]72 or  7,b7 a =eclosure sale is    
s*$ul$ to occur on a date 9 ! #cj-;day  
p]iod beg9n+ on ! date ( case is        
comm5c$2 &  7#b7 9 any o!r case p5d+ "u 
?is *apt]1 unless ! debtor c]tifies t ! 
debtor attempt$ to contact ! hold] ( su*
 claim 7or ! entity collect+ paym5ts on 

behalf ( su* hold]7 reg>d+ modification 
( ! loan t is ! subject ( su* claim1    
be=e--  7,a7 fil+ a plan "u section     
#acba t conta9s a modification "u !     
au?ority ( subsection 7b77#aa72 or  7,b7
 modify+ a plan "u section #acbc or     
#acbi to conta9 a modification "u !     
au?ority ( subsection 7b77#aa74  7i7 ,9 
det]m9+ ! hold]'s all[$ secur$ claim "u 
section #ejf7;a77#a7 = purposes (       
subsection 7b77#aa77;,a71 ! value ( !   
debtor's pr9cipal resid5ce %all be !    
fair m>ket value ( su* resid5ce on !    
date su* value is det]m9$ &1 if ! issue 
( value is conte/$1 ! c\rt %all det]m9e 
su* value 9 accordance ) ! appraisal    
rules us$ by ! ,f$]al ,h\s+             
,adm9i/ration4  4  #f4 ,combat+         
excessive fees ,section #acbb7;c7 (     
title #aa1 ,unit$ ,/ates ,code1 is      
am5d$--  7#a7 9 p>agraph 7#a7 by /rik+ &
 at ! end1  7#b7 9 p>agraph 7#b7 by     
/rik+ ! p]iod at ! end & ins]t+ a       
semicolon1 &  7#c7 by add+ at ! end !   
foll[+3  7#c7 ! debtor1 ! debtor's      

prop]ty1 & prop]ty ( ! e/ate are n      
liable = a fee1 co/1 or *>ge t is       
incurr$ :ile ! case is p5d+ & arises f a
 debt t is secur$ by ! debtor's pr9cipal
 resid5ce except to ! ext5t t--  7,a7 ! 
hold] ( ! claim = su* debt files ) !    
c\rt & s]ves on ! tru/ee1 ! debtor1 & ! 
debtor's attorney 7annually or1 9 ord]  
to p]mit fil+ consi/5t ) clause 7ii71 at
 su* m frequ5t p]iodicity z ! c\rt      
det]m9es necess>y7 notice ( su* fee1    
co/1 or *>ge be=e ! e>li] (--  7i7 #a   
ye> aft] su* fee1 co/1 or *>ge is       
incurr$2 or  7ii7 #fj days be=e ! clos+ 
( ! case2 &  7,b7 su* fee1 co/1 or      
*>ge--  7i7 is lawful "u applicable     
nonbankruptcy law1 reasonable1 & provid$
 = 9 ! applicable security agreem5t2 &  
7ii7 is secur$ by prop]ty ! value ( :i* 
is great] ?an ! am\nt ( su* claim1      
includ+ su* fee1 co/1 or *>ge2  7#d7 !  
failure ( a p>ty to give notice describ$
 9 p>agraph 7#c7 %all be deem$ a waiv] (
 any claim = fees1 co/s1 or *>ges       
describ$ 9 p>agraph 7#c7 = all purposes1

 & any attempt to collect su* fees1     
co/s1 or *>ges %all con/itute a         
violation ( section #ebd7;a77#b7 or1 if 
! violation occurs be=e ! date (        
dis*>ge1 ( section #cfb7;a72 &  7#e7 a  
plan may provide = ! waiv] ( any        
prepaym5t p5alty on a claim secur$ by ! 
debtor's pr9cipal resid5ce4  4  #g4     
,confirmation ( plan  7a7 ,section      
#acbe7;a7 ( title #aa1 ,unit$ ,/ates    
,code1 is am5d$--  7#a7 9 ! matt] prec$+
 p>agraph 7#a7 /rike subsection 7b7 &   
ins]t subsections 7b7 & 7d71  7#b7 9    
p>agraph 7#e7--  7,a7 by ins]t+ except z
 o!rwise provid$ 9 section              
#acbb7;b77#aa71 aft] 7#e71 &  7,b7 9    
subp>agraph 7,b77iii77,i7 by ins]t+     
7includ+ paym5ts ( a claim modifi$ "u   
section #acbb7;b77#aa77 aft] paym5ts !  
fir/ place x appe>s1  7#c7 9 p>agraph   
7#h7 by /rik+ & at ! end1  7#d7 9       
p>agraph 7#i7 by /rik+ ! p]iod at ! end 
& ins]t+ a semicolon1 &  7#e7 by ins]t+ 
aft] p>agraph 7#i7 ! foll[+3  7#aj7     
not)/&+ subclause 7,i7 ( p>agraph       

7#e77;,b77i71 :5ev] ! plan modifies a   
claim 9 accordance ) section            
#acbb7;b77#aa71 ! hold] ( a claim ^:    
rights are modifi$ pursuant to section  
#acbb7;b77#aa7 %all reta9 ! li5 until ! 
lat] (--  7,a7 ! paym5t ( su* hold]'s   
all[$ secur$ claim2 or  7,b7 completion 
( all paym5ts "u ! plan 7or1 if         
applicable1 receipt ( a dis*>ge "u      
section #acbh7;b772 &  7#aa7 :5ev] !    
plan modifies a claim 9 accordance )    
section #acbb7;b77#aa71 ! c\rt f9ds t   
su* modification is 9 good fai? 7,lack (
 good fai? exi/s if ! debtor has no ne$ 
= relief "u ?is p>agraph because !      
debtor c pay all ( 8 or h] debts & any  
future paym5t increases on su* debts )\t
 difficulty = ! =eseeable future1       
includ+ ! positive amortization (       
mortgage debt4 ,9 det]m9+ :e!r a        
r$uction ( ! pr9cipal am\nt ( ! loan    
result+ f a modification made "u !      
au?ority ( section #acbb7;b77#aa7 is    
made 9 good fai?1 ! c\rt %all consid]   
:e!r ! hold] ( su* claim 7or ! entity   

collect+ paym5ts on behalf ( su* hold]7 
has (f]$ to ! debtor a qualifi$ loan    
modification t w\ld enable ! debtor to  
pay su* debts & su* loan )\t r$uc+ su*  
pr9cipal am\nt47 & does n f9d t ! debtor
 has be5 convict$ ( obta9+ by actual    
fraud ! ext5sion1 r5ewal1 or ref9anc+ ( 
cr$it t gives rise to a modifi$ claim4  
4  7b7 ,section #acbe ( title #aa1      
,unit$ ,/ates ,code1 is am5d$ by add+ at
 ! end ! foll[+ 7& make su* te*nical &  
con=m+ *anges z may be appropriate73    
7d7 ,not)/&+ section                    
#acbb7;b77#aa77;,c77ii71 ! c\rt1 on     
reque/ ( ! debtor or ! hold] ( a claim  
secur$ by a s5ior security int]e/ 9 !   
debtor's pr9cipal resid5ce1 may confirm 
a plan propos+ a r$uction 9 ! int]e/    
rate on ! loan secur$ by su* security   
int]e/ & t does n r$uce ! pr9cipal1     
provid$ ! total mon?ly mortgage paym5t  
is r$uc$ to a p]c5tage ( ! debtor's     
income 9 accordance ) ! guidel9es ( !   
,obama ,adm9i/ration's ,home[n]         
,af=dability & ,/ability ,plan z        

implem5t$ ,m>* #d1 #bjji1 if1 tak+ into 
acc\nt ! debtor's f9ancial situation1   
aft] all[ance ( exp5ses t w\ld be       
p]mitt$ = a debtor "u ?is *apt] subject 
to p>agraph 7#c7 ( subsection 7b71      
reg>dless ( :e!r ! debtor is o!rwise    
subject to su* p>agraph1 & tak+ into    
acc\nt additional debts & fees t are to 
be paid 9 ?is *apt] & !reaft]1 ! debtor 
w\ld be able to prev5t =eclosure & pay a
 fully amortiz+ #cj-ye> loan at su*     
r$uc$ int]e/ rate )\t su* r$uction 9    
pr9cipal4  4  #h4 ,dis*>ge ,section     
#acbh7;a7 ( title #aa1 ,unit$ ,/ates    
,code1 is am5d$--  7#a7 by ins]t+ 7o!r  
?an paym5ts to hold]s ( claims ^: rights
 are modifi$ "u section #acbb7;b77#aa77 
aft] paid1 &  7#b7 9 p>agraph 7#a7 by   
ins]t+ or1 to ! ext5t ( ! unpaid portion
 ( an all[$ secur$ claim1 provid$ = 9   
section #acbb7;b77#aa7 aft]             
#acbb7;b77#e74  #i4 ,/&+ tru/ee fees    
7a7 ,am5dm5t to title #bh ,section      
#ehf7;e77#a77;,b77i7 ( title #bh1 ,unit$
 ,/ates ,code1 is am5d$--  7#a7 by      

ins]t+ 7,i7 except z provid$ 9          
subp>agraph 7,,ii7 aft] 7i71  7#b7 by   
/rik+ or at ! end & ins]t+ &1 &  7#c7 by
 add+ at ! end ! foll[+3  7,,ii7 #d     
p]c5t ) respect to paym5ts receiv$ "u   
section #acbb7;b77#aa7 ( title #aa by ! 
individual z a result ( ! op]ation (    
section #acbb7;b77#aa77;,d7 ( title #aa1
 unless ! bankruptcy c\rt waives all    
fees ) respect to su* paym5ts bas$ on a 
det]m9ation t su* individual has income 
less ?an #aej p]c5t ( ! income (ficial  
pov]ty l9e 7z def9$ by ! ,(fice (       
,managem5t & ,budget1 & revis$ annually 
9 accordance ) section #fgc7b7 ( !      
,omnibus ,budget ,reconciliation ,act ( 
#aiha7 applicable to a family ( ! size  
involv$ & paym5t ( su* fees w\ld r5d] ! 
debtor's plan infeasible4  4  7b7       
,con=m+ provision ,! am5dm5ts made by   
?is section %all apply to any tru/ee to 
:om ! provisions ( section #cjb7;d77#c7 
( ! ,bankruptcy ,judges1 ,unit$ ,/ates  
,tru/ees1 & ,family ,f>m] ,bankruptcy   
,act ( #aihf 7,public ,law #ii-eed2 #ajj

 ,/at4 #caba7 apply4  #aj4 ,effective   
date2 application ( am5dm5ts  7a7       
,effective date ,except z provid$ 9     
subsection 7b71 ?is subtitle & !        
am5dm5ts made by ?is subtitle %all take 
effect on ! date ( ! enactm5t ( ?is     
,act4  7b7 ,application ( am5dm5ts  7#a7
 ,9 g5]al ,except z provid$ 9 p>agraph  
7#b71 ! am5dm5ts made by ?is subtitle   
%all apply ) respect to cases comm5c$ "u
 title #aa ( ! ,unit$ ,/ates ,code be=e1
 on1 or aft] ! date ( ! enactm5t ( ?is  
,act4  7#b7 ,limitation ,p>agraph 7#a7  
%all n apply ) respect to cases clos$ "u
 title #aa ( ! ,unit$ ,/ates ,code z ( !
 date ( ! enactm5t ( ?is ,act t are     
nei!r p5d+ on appeal 91 nor appealable  
to1 any c\rt ( ! ,unit$ ,/ates4  #aa4   
,,gao /udy ,! ,comptroll] ,g5]al %all   
c>ry out a /udy1 & submit to !          
,committee on ! ,judici>y ( ! ,h\se (   
,repres5tatives & ! ,committee on !     
,judici>y ( ! ,s5ate1 n lat] ?an #b ye>s
 aft] ! date ( ! enactm5t ( ?is ,act a  
report conta9+--  7#a7 ! results ( su*  

/udy (--  7,a7 ! numb] ( debtors :o     
fil$1 dur+ ! #a-ye> p]iod beg9n+ on !   
date ( ! enactm5t ( ?is ,act1 cases "u  
*apt] #ac ( title #aa ( ! ,unit$ ,/ates 
,code = ! purpose ( re/ructur+ _!       
pr9cipal resid5ce mortgages1  7,b7 !    
numb] ( mortgages re/ructur$ "u !       
am5dm5ts made by ?is subtitle t         
subsequ5tly result$ 9 default &         
=eclosure1  7,c7 a comp>ison betwe5 !   
effectiv5ess ( mortgages re/ructur$ "u  
programs outside ( bankruptcy1 su* z    
,hope ,n[ & ,help = ,home[n]s1 &        
mortgages re/ructur$ "u ! am5dm5ts made 
by ?is subtitle1  7,d7 ! numb] ( cases  
pres5t$ to ! bankruptcy c\rts :]e       
mortgages 7 re/ructur$ "u ! am5dm5ts    
made by ?is subtitle t 7 appeal$1  7,e7 
! numb] ( cases pres5t$ to ! bankruptcy 
c\rts :]e mortgages 7 re/ructur$ "u !   
am5dm5ts made by ! subtitle t 7 ov]turn$
 on appeal1 &  7,f7 ! numb] ( bankruptcy
 judges discipl9$ z a result ( actions  
tak5 to re/ructure mortgages "u !       
am5dm5ts made by ?is subtitle1 &  7#b7 a

 recomm5dation z to :e!r su* am5dm5ts   
%\ld be am5d$ to include a sunset       
clause4  #ab4 ,report to ,congress ,n   
lat] ?an #ah mon?s aft] ! date ( !      
enactm5t ( ?is ,act1 ! ,comptroll]      
,g5]al1 9 consultation ) ! ,f$]al ,h\s+ 
,adm9i/ration1 %all submit to !         
,congress1 a report conta9+--  7#a7 a   
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