[Bean Counter]

The bottom line is that what the Country really needs are responsible home owners to purchase all of those empty homes with stable affordable mortgages; and you cannot do that quickly with the people who just defaulted under the current rules; hence the New Minority.

The Democrats bullied the banks into making many of these loans in the first place, so there is no reason to believe they won't bully the banks into ignoring Credit Reports all together next...

[Tempest]

Yeah screw those stupid homeowners we Republicans need to rescue the poor little banks from the bullying Democrats...

Obviously rescuing the banks will incentives them into selling their mortgages to responsible individuals. That is if those individuals actually stand a chance against the hoard of real estate investors already planning there back room deals and bulk purchases and full-time well heeled opportunist...

[M203M4]

I’m basically a sucker for living within my means. That is the take-home message in all of this.

[thinking]

I suspect that, a majority of the defaults are single women/mothers, and as such, no political party can ignore the situation....

[popdonnelly]

Being short on cash is not being oppressed.

[ckilmer]

Oh there's one other cost of illegals that has gone generally unnoticed. Calling the Old Media: Five Million Illegals Have Illegal Mortgages in U.S.A.!

MALKIN: Illegal immigrant factor

Once again its helpful to provide some maps and stats: Look at the map where those who owe more than the house is worth. Notice any similarities to the unemployment picture and concentrations of illegals

Sadly Illegal Immigrants To Get Next Bailout The way to understand this is that about 49% of bad mortgages come from hispanics. It would be safe to say that half of those are from illegals. So we're talking about 25% of bad mortgages come from illegals.