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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Dan3 who wrote (166339)11/22/2008 1:37:29 PM
From: neolibRead Replies (1) of 306849
 
Yeah, why doesn't the Gov agree to buy any mortgage that the borrower agrees to convert to full recourse and 4%, and the lender gets bought out at the full principle, but no current lost interest or penalties. That would at least shut down most looming ARM resets.

Of course, in our freemarket system, we don't like the government competing with much more efficient private enterprise.
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