I have a mortgage. I refinanced in August. My payments are under control, we have never been late. I would not take Obama’s refi on a bet.
Now, when I read “forgive all mortgages” I thought it mean’t “give me the deed to my home” NOW instead of 30 years from now with no further payments.
THAT would be a disaster.
Thank God our mortgage has been paid off since around 1985