Perfect for professional complainers. No basis in fact, doom'n'gloom galore, America-bashing, what's not to like? In the meantime those of us working in the real world have nation wide Fed numbers showing only 1% of residential mortgages are defaulting and 90% of home mortgages are being paid on time.this is one grim chart....
This policy has NOTHING to do with defaults. If a householder has defaulted the property is in no danger of being seized in eminent domain.
