payment. And the Head announced updates to the Making Home Affordable Plot that will make it simpler for borrowers to modify or refinance both their first and second mortgages. Under this plot, more than one million Americans have now refinanced and more than 55 thousand Home Affordable Modification offers have been extended to qualifying borrowers so far. Indeed, these and other Federal efforts are gaining steam. Concern about systemic risk has faded and the overall lending conditions …