Man, the Dems just love this one they snuck into this bill, too. Michelle Malkin did a great job breaking it down on her blog.
ADDITIONAL CONTRACTING REQUIREMENTS.In any solicitation or contract where the Secretary has, pursuant to subsection (a), waived any provision of the Federal Acquisition Regulation pertaining to minority contracting, the Secretary shall develop and implement standards and procedures to ensure, to the maximum extent practicable, the inclusion and utilization of minorities (as such term is defined in section 1204(c) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 1811 note)) and women, and minority and women-owned businesses (as such terms are defined in section 21A(r)(4) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(r)(4)), in that solicitation or contract, including contracts to asset managers, servicers, property managers, and other service providers or expert consultants.
As for the government stepping in to re-negotiate rates, other sections seem to imply that if you paid a point to lock in a certain rate, your neighbor who got an ARM or interest-only NINJA loan might now, in fact, get a rate lower than yours.
Enjoy, America!