Quote:
Originally posted by BurgPath:
Loan companies should be doing this on their own, not waiting for the government to force them. The failure of all those loans would cost them more then they would ever make by foreclosing. Better to extend the current terms and continue to make $ then to close up.
I wonder if there was some weird law that prevented them from doing this on their own? Maybe that is why the feds got involved giving them permission to break these contracts.