National City Corp fka NCC

[dragon man]

what about the people who got upside down and faces foreclosure. they one who need to get break in rates so they can stay in house. protect the total investment of the house gives up one income off mortgage. you good from non producing asset, to a producing income asset. no write off , no earning drop to cover a write off. you lose a sale get rid of the empty house. you loan say 150, you get 50 for it. you tuck for lose. no dividend earning if you get too many house defaulting and bank could fail