Allow homeowners who hold non-government backed under-water mortgages to refinance at today's rates.

Private banks, such as Chase, etc. have not been hold accountable, despite having tanked the economy and many homeowners savings. Option-ARMS are responsible for negative equity, and combined with a deteriorating market create a perfect case for many foreclosures. Option ARM's With Teaser Rate Disclosures are potentially fraudulent under State Law and Option-ARM's need to be converted into payable, stable 30-year loans. In order for homeowners to be able to hold these loans after often having lost their 20% down-payment and additional value due to the collapsing market, the banks need to allow for refinancing of these and all other under-water mortgages.We can't pay three times for fraudulent practices and we need help.