Wall Street Breakfast: Must-Know News [View article]
"defer [payment of] the money owed to a later time when, hopefully, home values have improved."
This sounds like if values don't rise you dont make payments. I am sure that would prevent forclosures but at what cost. I dont mind to defer the payments but it has to be some reasonable period of time not "when the home values have improved."
Wall Street Breakfast: Must-Know News [View article]
This sounds like if values don't rise you dont make payments. I am sure that would prevent forclosures but at what cost. I dont mind to defer the payments but it has to be some reasonable period of time not "when the home values have improved."
Wall Street Breakfast: Must-Know News [View article]
Does seem to have problems passing the smell test.