I’m curious what the people who hold all these loans think they should do. They don’t like this idea of a freeze, and put lots of requirements around it. Seems like they want to continue foreclosing if the borrower can’t pay as scheduled. Of course that’s the reasonable, legal thing to do, but how can that be in their own financial best interest in the current situation?
Do they think people will start to magically make more money and pay their bill? Do they think the market is coming back any sec? Or do they want the whole situation to get so bad the govt has to truly bail them out?
