H.R. 1424 SEC. 110. ASSISTANCE TO HOMEOWNERS, page 26,
says that the Fannie Mae and Freddie Mac mortgagees will be under the authority of the Federal Housing Finance Agency
. That is if your mortgage is a F. Mae. or F. Mac the Feds now own your mortgage. Now doesn't that make you feel better.
On the other hand the bill goes on to say (page 27 line 10 through page 28 line 3) that a home with a F. Mae or F. Mac mortgage may be eligible for an interest rate reduction, reduction of principal and other similar modifications through the Hope for Homeowners Program