I’m all for the loans being re-financed but at the original amount. It will be patently unfair to those who have struggled but made their payments.
Didn’t finish...unfair to those who struggled and made their payments at a higher interest rate and will have to continue to pay the original amount and the higher interest rates.
If we’re going to let one person refinance at a better deal then we have to let everybody refinance at a better deal.
I’d throw the idea of fairness out the window. It’s an an additional burden and generally doesn’t have any place in economics.
On the other hand, I agree: the prices of the homes should be maintained,
Again, just my opinion.