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.



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