Government Making Things Worst?
February 24th, 2009 categories: Mortgages & Financing, The Market
Could the Government’s intervention in mortgage foreclosures be making things worst? The Wall Street Journal has an interesting article about the “moral hazard” created by bailing out barrowers.
“Another concern is that borrowers are stopping making payments in order to get help. That’s because mortgage companies often won’t modify the loans of troubled borrowers until they’re delinquent.”
CLICK HERE TO READ THE WSJ ARTICLE.
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