Saturday, May 12, 2012

Making Homes Affordable?

What happens when the homes that saw their mortgages reduced under Obama's Home Affordable Modification Program go back up in value? Do the home owners see their mortgages go back up to account for the fact that the housing market has rebounded? Or do these home owners get to continue with a taxpayer subsidized mortgage of, say, 100k when their home is now worth 140k?

No comments:

Post a Comment

HyperSmash [Valid Atom 1.0]