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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (68328)8/31/2007 10:56:19 AM
From: Incitatus  Read Replies (3) of 116555
 
How about these for "homeowner bailouts"?

1) Force all lenders to reduce the size of their mortgages by 20%, with a corresponding reduction in mortgage payments.

2) Alternatively, force lenders to reduce payments to fixed, affordable payments, even if they are deeply neg am. That will stop the foreclosures.

3) Allow sellers to sell homes at any price up to 30% below what they paid for it or "adjusted for case/shiller," and the lenders are forced to accept the sales amount as payment in full.

4) If a foreclosed homeowner wants to purchase his home back out of foreclosure, the govt will provide a FRM, so long as the foreclosure purchase price is at least 20% below what the homeowner paid for the home.
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