The operative word here is STALL foreclosures because that is all they are doing. Their debt to income ratio is out of whack and/or they have and will continue to lose jobs.
“The operative word here is STALL foreclosures because that is all they are doing. Their debt to income ratio is out of whack”
Read the fine print - they are going to reduce outstanding balances.
You know that neighbor, we all have one. They go on vacation every year, own a boat,maybe a corvette. Clearly they can’t really afford it all...well you just got to pay for part of his house! And if the market goes back up, he makes a profit!