“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.”
Wouldn’t it just be easier to had over 100% of our earnings and just let brother O handle everything?
Soon my friend. Nancy and Harry are on it.
Why doesn’t the federal govt just buy the houses outright for these people and hand them over to them? That would be cheaper and more effective.
The redefault is horrendous. Plus, most people are NOT being foreclosed on. The horrible housing market itself is forcing lenders into forebearance. Many people are living “free” in their own homes for years after defaulting.
Why would the POTUS continue to focus more of our tax money on these people? I’m still paying my mortgage and he is forcing lenders to forebear against people who are literally living for “free” in their own homes after having defaulted several years ago and the lender, because of market conditions, being unable to foreclose because of an inability to sell the home anyway.