Somebody please explain to me why the Presidential Administration is threatening to VETO the FHA short bill? If someone owes more than what their property is worth and it is an adjustable rate mortgage.....someone is going to just walk away instaed of attempting to refinance. This is the stupidest thing I have ever heard of! I would love to refinance my mortgage, but I am 10k upside down. I know people who are over 50k upside down and their mortgage payments are skyrocketing every 6 months and they can't do anything about it! SO HELP THESE PEOPLE INSTEAD OF HURT THESE PEOPLE!! You are not bailing out lenders for a mistake that the housing industry tanked as far as values. Values go up and down and you can thank the foreclosures in those areas, investors who talk the lender down (short sales), mortgage fraud, investors who are just trying to simply help someone walk away from their property. NOBODY can control circumstances! LIFE HAPPENS!! HELP US!!!! It would make mortgage brokers and retail banks lives easier too if this happened because we would be the ones doing the refinances. Of course, we all know this stuff has exceptions to the rules. I understand why you won't bail out borrowers or lenders who can't help themselves or trying to get a free ride (sort of) but I don't understand why you won't help those who TRULY need help! This reminds me of the welfare, medicaid, food stamps, public assistance programs, please don't get me started on that....