[JimPrevor]

In any case, ending “strategic defaults” on federally supported mortgages will save the taxpayer money and lead homeowners to consider more carefully the obligations they undertake. Both outcomes devoutly wished. And both outcomes unlikely to be obtained by a seven-year gimmick.

[SeaHawkFan]

The government should get out of the lending business and make bad lending decisions the problems of the lenders and not the tax payers.

[wendy1946]

From past experience (in the housing meltdown of 92 - 94), I would never sign any sort of a mortgage without an escape clause.

[Southack]

The horse is already gone by the time that barn door gets closed...unless you are advocating changing the contracts made back in the day retroactively today, unilaterally, without the borrowers’ consent.