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Why should people who acted responsibly take up the slack for those who purchased a house knowing full well that when the ARM reset they wouldn’t be able to make the payments?

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Why should people who acted responsibly take up the slack for those who purchased a house knowing full well that when the ARM reset they wouldn’t be able to make the payments?

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Lots of blame to go around here, but the bottom line comes down to personal responsibility. That’s something government seems to think we don’t need any more. Meanwhile, I’m writing an article for a Realtor about this – and I thank you for your information. Now all I need to find out is the numbers related to the “phase out” between $150,000 and $170,000.

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