I can give you an explanation for the "escrow". Congressman Kanjorski penned this bill. Here in the ole poke you in the nose, Developers were lying to the home purchasers and telling them that their taxes were $1,500 a year. Well, yes they were - for "protected conservation or forested land", which is what the land was BEFORE the developers got a hold of it. When the first tax bill was due (2 years after closing, because our officials are just so efficient), people were hit with a $30,000 tax bill, causing either 2nd mortgages to be assumed or mass sheriff sales, both, as you know, leading down the same path. With the requirement for "escrows", that opportunity to lie is gone. Also, not every sub-prime loan will be subject to "escrow". And if there is an "escrow declination", then counseling will have to take place to assure that the potential mortgagors know what they are getting into. The escrow account terms will also have to be written in stone - not what we have now, where the Servicers just set up escrow accounts at their whim to tack on extra fees, etc. The mortgagors going in will know exactly what the cost of a house will cost them, not find out 2 years late that whoops, they can't meet the payment. You must understand that this is a culmination of the Hedge Fund meltdown, real estate fraud, appraisal fraud, mortgage servicing fraud, developer fraud, etc. The Bill is not perfect, but we need to get "Mortgage Servicing Fraud" legally recognized so we can go forward, otherwise all we are are "deadbeats" that ruined the economy of the United States of America. What we need to focus on is the "studies". If this bill is to go forward, we need to do our work. AND if it is passed, our work will truly begin. I will state again -- we need to recognize one issue -- we have the phrase "MORTGAGE SERVICING FRAUD" encapsulated in a Bill, and the opportunity to bring Mortgage Servicing Fraud to the attention of Washington, DC. That in and of itself is something.