[Doogle]

..that will make them wanna get a job

[manc]

and still many say we don't have socialists, commie lovers in power

[cableguymn]

I feel like such an idiot. Payments on time (cept one that was 15 days late) and I have two left.

To compound the issue. I have a job. When I lost the last one I did something really.. really.. stupid.

I got another one.

for now this is /s but some days.. You really do have to wonder who the stupid people are.

[Wally_Kalbacken]

This could only be based on the idea that the cost of foregone debt servicing (i.e., monthly mortgage principal an interest payments) is less than the ultimate cost of having a foreclosure, an empty property sitting in REO inventory with vandalism and rehab costs (e.g., mold infestation) that they think can be avoided by having a non-paying mortgagor in the house.

Maybe that is correct, maybe not. But all that Freddie Mac and Fannie Mae are up to now is loss mitigation. And since the losses net out to the injury of the taxpayer, we had better hope this is indeed correct.