This is one issue where 0bama hasn’t done the math. The percentage of Americans who are current in their mortgage and make their payments on time is considerably more than the percentage of “troubled” mortgages.
I was talking to Mrs. Henkster who runs the family books; we got out first mortgage in 1987. During those 21 1/2 years, we never EVER were even so much as late on a payment. My guess is that many Americans are in the same position, and the idea that they are being forced to pay their own mortgage PLUS the mortgage of others who had less financial sense is going to rub the wrong way.
That’s what irks my husband and me. That we pay on time every month and 2 months we cut back on non essentials when something happened that was unexpected financially (both times unexpected non covered emergency dental work went without movies or eating out for a month or so and one time he took a second job because the bill was so high it set us back for awhile).