The banks
Not the homeowner.
Just think for a second.
If the govt. steped in and bought the bad loans.
1st offered the house back to the purchaser (owner occupied homes only)
0% loan 180 payments (15yr)
IF the deal is accepted the mortage is cut in half!!
The govt stands to get back 100% of its money.
NON assumable.
no points,
balance due on sale.
Hmmmmmmmmmm sounds like Jimmy Carters Habatat for humanity.
They get back every cent every spent. 100%
The program works.

I know folks that own 100 houses and the bottom fell out on them.
They were rich.
They milked the system.
Now it is all going away on them.
Why does the govt need to support unrealistic prices for homes, can they not figure out it was a bubble and the homes value must fall on its own and it will self correct.
My city uppem the price of my home 25 to 30 % for 5 year and this year they are reducing it 1.8%
Goodness folks they need to retake math 101.
Corker is right natural markets self correct on there own.