[DTogo]

They got their money? No, the banks forclosed and got an empty house less whatever equity the homeowner put down. Now they have a trashed empty house that will never sell.

Lose-lose for everyone.

[Grizzled Bear]

Right... They should just let the mortages go, let the delinquent borrowers have the property and we can all dwell happily amongst the rainbows and unicorns.

Let’s just ignore the fact that when you reward behavior you get more of it.