Subprime Bailout Plan Should Be Crafted With Care & Thoughtfulness

One recognized expert in mortgage finance offers a list of principles that he believes should be observed by advocates of mortgage reform when crafting a bailout plan to navigate through the subprime mess. One principle that seems to make good sense is that a bailout plan should not be available to everyone in financial trouble. For example, borrowers who speculated on house-price appreciation and lost should not be bailed out. For more, see Unique plan to save ARM borrowers from foreclosure (reported by Inman Consumer News).