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Donotunderstand

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Re: Robert from yahoo bd post# 766011

Thursday, 08/31/2023 11:29:26 AM

Thursday, August 31, 2023 11:29:26 AM

Post# of 796550
The US Treasury and the Obama administration were pressing hard to deliver Mortgage Forgiveness in 2011 and 2012.

HUH?

2011 and 2012 ? ----- all mortgages ? all mortgages inside F and F MBS?

WHY?

I thought - (impression) that by 2012 --- mortgage delinquency at that point was about 6% --- with a base history of about 4-5 percent

delivering mortgage forgiveness? why? That is one hell of a massive hit on "debt" ---- and why when the delinquency rate had mostly self corrected from say 10-12 %
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