This guy writes about HARP and the other government and PROPOSED government programs on Zero Hedge:
So.... loans to people who could not afford it in the first place will be replaced by loans people can not afford but with lower payments?
Will see the 100 year mortgage??
Loans to people who could not afford it in the first place. Now the loan is to the same individual whose colateral has tanked. Who in their right mind would go further in debt on something that is not worth the amount of the debt???? Worst of all is it is OUR TAX MONEY that is paying these loans.