Maybe it doesn’t work at all, but regardless of our socialist Gov’t that doesn’t answer why they would do this? She’s not elected is she?

Then there’s this:
Servicers would be expected to lower those borrowers’ monthly payments to about 31 percent of the borrowers’ monthly income.

I’m not the first to say we are now encouraging people to lie about how little they make.

Why don’t they give new loans under these terms?