Jeff from Illinois

Barron's: Laing's Mortgage Relief Plan Could Actually Work

I like it.

It wouldn't benefit me because my mortgage is $60,000 on a $650,000 home but it would help other people I know and help the economy which benefits EVERYONE. To the complainers who say it is not fair because I played by the rules its like I tell my kids "life is not fair" get over it. The new rate would offer a spread over the 30 year bonds of about 125 basis points. The government might make money.

Applying Commercial Real Estate Failure Procedures to Residential

I agree that this would be a great way to flush the homes through the system. The sooner the better. To help the lenders they should get a one for one tax credit for the amount of the loss that could be carried back or forward 10 years and capture back taxes paid or offset future taxes.