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Mich: Mortgage Payments Skipped on Purpose (developing)

C.Edmund Wright

on October 31, 2008 12:18 PM | Permalink | Comments (20) | TrackBacks (8)

We have just gotten a tip from a very reliable source that many people in Michigan -- folks fully capable of paying their mortgages -- are skipping payments on purpose so they will qualify for a government backed mortgage reduction program.

This of course is very predictable as a result of misguided liberal policies. Not only has this kind of thinking led to ridiculous mortgages being issued, it will now undermine the system of good mortgages that are out there also. MORE LATER as we dig it up.

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