since Govt. owns these loans so to speak, they can help the people by overhauling the current paperwork and offer substantially lower interest rates on those loans. Loses would be minimal. SUre profits would not be raked in but the loans would be paid as scheduled. minimizing loses for everyone. I’m sure a lot of people would love to have something like that instead of going under, but the govt.(Dims mainly would rather have people go under)will not use such common sense.
The government owns which loans, so to speak?
they can help the people by overhauling the current paperwork and offer substantially lower interest rates on those loans.
You want the government to buy mortgages that aren't being paid and lower the interest rate?
Loses would be minimal.
You have any proof?
Sure profits would not be raked in but the loans would be paid as scheduled.
Because you say so?