Opinion: Why Mortgage Principal Forgiveness Policy is a Bad Idea

(Before It's News)

“By subsidizing exceptionally high-risk home loans, the feds’ so-called affordable housing policies have created moral hazards in the housing finance system. When the loans fail, it undermines homeowners’ ability to achieve responsible ownership.” ~ Why Mortgage Principal Forgiveness Policy is a Bad Idea There’s nothing like a “good crisis” to give the federal government an … Read more

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