How soon before everyone stops paying so we all get cheaper payments. If you are unemployed it’s one thing. But if you were stupid enough to buy a house on a 3-1 or 5-1 ARM or any other variable rate loan you should lose your house. Sorry. lets stop rewarding the stupid!!!
Yep, to be fair, they would have to eventually restructure everyone’s mortgage.
Well, maybe the federal gov’t will take over the entire mortgage market eventually. Just as they are now federalizing all student loans, maybe all mortgages are next.