National

Taxpayers to fund two years of mortgage payments for underwater homeowners


HUD is making available $1 Billion in loans to homeowners who can’t make their mortgage payments. Rather than letting the market adjust and force people deal with the consequences of their bad decisions, we are, once again, prolonging the inevitable.

I say, let them DEFAULT! Rip that band-aid off and let the healing begin. We’re just letting this sore fester with these kinds of programs.

NASDAQ.com

Advertisements

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: