Mesquite NV Foreclosures - House Democrats unveiled a wide-ranging bill on Monday evening to prop up the housing market and most contentiously, empower bankruptcy judges to modify mortgages.

The bill includes a "cram down" provision that allows judges to write down the principal and interest payments for a homeower's primary residence, something strongly opposed by the financial services industry and mortgage lenders.  more about the cramdown bill from thehill.com

If the value of your home has decreased below your mortgage balance, and you are still current on your payments, you might qualify to refinance your Fannie Mae or Freddie Mac loan.

The whiteboard video below from Marketplace.com explains what a Cramdown is:

Cramdowns from Marketplace on Vimeo.