INSANE
who will pay for the losses the banks and mortgage companies incur?
Of course the Takers will love it and that buys 0dumbo votes
Maybe i should quit paying my mortgage too
Actually the people who refinance will. I predict that just like a student loan, those who take the deal will be on the hook without the protections they may have now. Of course those with firsts, seconds and HELOCS may not care. I would check the fine print though. I can just see this admin finding a way to further indebt everyone while claiming to be helping them and picking up approval ratings for doing so.