|
[QUOTE=dc_dux]It seems to me that with the exclusions of groups of borrowers I mentioned above (and others like those whose homes are worth less than what they owe) that the financial institutions will benefit most.
QUOTE]
I still don't see where they will benefit. From the quotes in your post, the financial institutions lose either way - i.e. if they accept the deal they forfeit profits, or they forclose and lose the difference in what the home is worth and what is owed.
|