Question by sknflower64: Govt proposing Freeze on Subprime Interest rates is it Fair or not to all Mortgage holders and who should pay?
Keep in mind while we blame the Banks who gave the loans to bad credit holders, our Govt told them to "Get low income and all first time home owners in their FIRST HOMES". Also, keep in mind, that the people applying for these loans KNEW their loans "may" go up and YES the mortgage lenders do explain this to you, as the home owners try to play "dumb" now.
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