There was some sort of restructuring move late last year and I cannot recall if it was voluntarily entered in to by the banks, whatever.
The last news I heard about THAT restructuring was that more than 50% of the people who took it were in trouble again.
Well DUH! If your credit is shot, why would you want to pay your mortgage and risk getting cut out of future mortgage help?
“The last news I heard about THAT restructuring was that more than 50% of the people who took it were in trouble again.”
EXACTLY