ziggy29
Moderator Emeritus
On Friday, a decision was made that incentivizes reckless behavior.
No, I'm not talking about the "bailout."
Fannie Mae forgives loan for woman who shot herself - CNN.com
Addie Polk, 90, of Akron, Ohio, became a symbol of the nation's home mortgage crisis when she was hospitalized after shooting herself at least twice in the upper body Wednesday afternoon.
On Friday, Fannie Mae spokesman Brian Faith said the mortgage association had decided to halt action against Polk and sign the property "outright" to her.
"We're going to forgive whatever outstanding balance she had on the loan and give her the house," Faith said. "Given the circumstances, we think it's appropriate."
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I hope a 35-year-old man doesn't try this, though, as I suspect it only works for 90-year-old widows.
No, I'm not talking about the "bailout."
Fannie Mae forgives loan for woman who shot herself - CNN.com
Addie Polk, 90, of Akron, Ohio, became a symbol of the nation's home mortgage crisis when she was hospitalized after shooting herself at least twice in the upper body Wednesday afternoon.
On Friday, Fannie Mae spokesman Brian Faith said the mortgage association had decided to halt action against Polk and sign the property "outright" to her.
"We're going to forgive whatever outstanding balance she had on the loan and give her the house," Faith said. "Given the circumstances, we think it's appropriate."
--
I hope a 35-year-old man doesn't try this, though, as I suspect it only works for 90-year-old widows.