I am not nuts. I believe I have posted the plan as found on the McCain web site. I for one do not understand the basis of why banks could not already write down the original loan and redo a new one.
“. I for one do not understand the basis of why banks could not already write down the original loan and redo a new one.”
They can if they want. McCain is forcing this on them. YOU ARE PAYING FOR IT. There is no point in re-doing a loan for a dead beat.