The Federal Housing Recovery Plan once enacted, will enable the
housing industry to recover in less than 24 months from the date
of its implementation. Dr. Michael W. Cantrell, Sr.
on: October 20, 2008, 6:10 am
Release Author: Dr. Michael W. Cantrell, Sr.
Release Summary: Dr. Michael W. Cantrell, Sr. the visionary behind
The Federal Housing Recovery Plan (FHRP) believes that once enacted,
the FHRP will enable the housing industry to recover in less than
24 months from the date of its implementation. It will allow people
who own a primary residential home the opportunity to save their
home from foreclosure, ensure that property values will not decline
due to the restructuring of loans, and mostly it will protect
the everyday citizen and taxpayer from having to foot the bill
for a bail-out plan and instead will secure the value of their
Dr. Michael W. Cantrell, Sr.
Federal Housing Recovery Plan
Surfside Beach, South Carolina
– October, 2008
Dr. Michael W. Cantrell, Sr. the visionary behind
The Federal Housing Recovery Plan (FHRP) believes
that once enacted, the FHRP will enable the housing
industry to recover in less than 24 months from the date of its
implementation. It will allow people who own a primary residential
home the opportunity to save their home from foreclosure, ensure
that property values will not decline due to the restructuring
of loans, and mostly it will protect the everyday citizen and
taxpayer from having to foot the bill for a bail-out plan and
instead will secure the value of their homes.
Federal Housing Recovery Plan is designed to bring liquidity
to the markets and make at-risk securities more valuable and buyable
on the open market; therefore lessening the effect of government
involvement. The securities backed by this plan would inevitably
yield a 102% increase in face value. Most importantly, it will
not drive down the market prices of homes in and around the neighborhoods
of people who do not require the assistance of FHRP
and they will not be affected by the restructuring of FHRP Mortgages.
brief example of how FHRP Mortgages will work-
individual or family owes $150,000.00 to their current lender
and property values decline by 20% (on average) reducing the value
of their property by roughly $30,000.00, and this individual or
family cannot effectively pay their mortgage at the current rate
of interest, but also cannot refinance their property due to the
declining market values. However, they can afford to pay a portion
of the mortgage loan payment every month, but that is not enough
for their lender.
Government, through the FHRP would buy this mortgage for .62 on
the dollar. This, in turn, would free up the liquidity of the
banks or investment firms that otherwise would write off this
type of loan to zero dollars; thus allowing funds to flow for
the institution to lend more money.
FHRP Mortgage Representative would negotiate the mortgage payment
terms with the homeowner(s) to an amount they could afford monthly
enabling them to stay in their home. The original mortgage loan
would be back figured to a first lien mortgage that was agreed
upon-becoming an FHRP Mortgage.
difference between the old and new loan amounts would be held
by an FHRP Mortgage Bond for up to 15 years with no interest due
and be recorded as a second lien on the property. This lien would
be required to be paid off when the property is sold or refinanced
at or prior to the maturity date.
Federal Housing Recovery Plan enables the family to stay in their
home, make affordable monthly payments, and not reduce the mortgage
amount thus not reducing the value of other homes in their neighborhood.
new mortgage at the lower negotiated amount now becomes valuable
for servicing because the family is consistently paying their
mortgage payments. When people are paying on their mortgages,
banks and investment firms would be inclined to buy these FHRP
Mortgages because they know they are secure.
Cantrell believes that in 15 years or less the housing market
will rise to the point that their property value would also rise
above their first and second mortgage liens. The family’s
income will rise during this 15 year period also and will allow
their credit to cure so they may be able to refinance the FHRP
Mortgage and the government held second lien FHRP Mortgage Bond
with traditional institutional banks, mortgage bankers…
second liens will be securitized by United States Savings Bonds.
FHRP Mortgage Bonds will be sold to the general
public, not companies, for .75 on the dollar. The Treasurer would
determine when the bonds would pay out at 100%.
is a short version of Dr. Cantrell’s plan to bring this
country out of its current turmoil and bring the foreclosure rate
down to about 1.5%.
Cantrell has been working in the mortgage industry for almost
20 years starting out as a mortgage broker in 1989, then working
his way through the industry closing loans and selling bundles
of quality mortgage loans to investment institutions on the secondary
mortgage market. While other lending institutions began offering
interest only loans and option arms – his company did not,
as they knew this new way of lending with a potential negative
amortization would lead to disaster in the long term.
Wald Carum of Almeda University recently had this to
say about Dr. Cantrell’s FHRP: “This
Plan demonstrates a breadth and depth of knowledge about its subject
that can only come from a true outside the box thinker and experienced
businessman. Drawing upon his life experience as well as his training
as an MBA, Dr. Cantrell has constructed a workable and simple
plan to help America out of its current housing crisis. In this
nearly unprecedented time of financial turmoil, Dr. Cantrell recognizes
that the essence of the problem and the solution lie within the
housing market. As Dr. Cantrell succinictly theorizes, “The
Federal Housing Recovery Plan is designed to bring liquidity to
the markets and make at-risk securities more valuable and buyable
on the open market; therefore lessening the effect of government
involvement.” The last phrase is key to avoiding a slide
into socialism. Dr. Cantrell’s plan maintains the predominance
of capitalism and the free market system while allowing “the
family to stay in their home, make affordable monthly payments,
and not reduce the mortgage amount thus not reducing the value
of other homes in their neighborhood.” Congress would do
well to give Dr. Cantrell’s plan a thorough consideration
and hearing. It makes more sense than anything I’ve read
the past two months. I applaud Dr. Cantrell for his excellent
efforts, for which he richly deserves his doctorate degree from
Almeda University.” Wald Carum, PhD
Cantrell states “I look at this FHRP as a way
to right a wrong. I have been on both sides of the fence. The
banks and investment firms got on the wrong side of the fence
and we now have to correct it. I offer my extensive knowledge
to bringing this back into the right perspective and am very passionate
about helping America out of this crisis.”
is angry. Especially the 90% of people who are able to make their
payments on time and are watching the value of their homes continuing
to decline due to foreclosures that are selling for .50 on the
dollar. This plan will reduce or eliminate declining home values.
It will close the Gaps, Fannie Mae, Freddie Mac, and FHA now in
place and will bring confidence to the general public that their
housing values will remain stable, and their investments, 401Ks
and retirement plans that are tied to the financial market will
also recover. This is a true recovery plan.
Mortgage and FHRP Mortgage Bonds must
become a reality – our future depends on it. This plan can
start working in as little as 90 days. Contact Dr.Michael W. Cantrell,
Sr. firstname.lastname@example.org or visit the website for a free copy
www.fhrpmtg.com for more
information on this plan that he hopes will get before the right
government officials quickly. For a more detailed example or a
copy of frequently asked questions please contact Michael
Cantrell or his virtual assistant Marie Tucker
of Girl Friday Services of Maine at email@example.com
or visit www.fhrpmtg.com.
Dr. Michael W. Cantrell, Sr. has the experience,
knowledge and information on exactly how we can turn the troubled
housing market into a booming housing market.
the full plan www.fhrpmtg.com
or email firstname.lastname@example.org
Details: Dr. Michael W. Cantrell, Sr.
644 Tinkers Drive
Surfside Beach, SC 29575