Monday, June 23, 2014

Renter News: Principal reductions failed to reduce future default rates

Principal forgiveness is the worst policy option. Despite this fact, it’s so appealing to loan owners and politicians, reporters are keen to write about the prospect. However, the world is not comprised only of loan owners. Nearly 40% of households are renters, and of the remaining 60% who...
Principal reductions failed to reduce future default rates




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