Cedonulli2 is a long-time Mortgage Grapevine gadfly who has done broker price opinions on troubled homes. In a rather lengthy post, he claims troubled borrowers could have kept their homes “if the lenders had wanted them to, which they did/do not.” One of the reasons for that, he said, was because rents have been rising because of demand for those properties.
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So he suggests that “everyone who was told to stop making payments should step to the front and join in a class action suit. None of these poor people can take advantage of record low interest rates!”
To read the whole post and ensuing discussion, visit
