Friday, February 25, 2011

Someone Please Explain...

...Why I keep hearing demands that banks should lower people's mortgage/loan amounts?

I understand that houses were worth more when they bought them and that many times now a mortgage is more than the house is worth...but isn't that a risk of buying?

Did homeowners give the banks more money than they owed when it was a seller's market and properties were selling for way more than they were worth?

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