Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
The owner of the Mortgage. I assume that the Federal Government, as the owner, will attempt to workout a payment plan with the borrower (or new buyer?). That appears in the draft and allows the Government to cut the balance on the loan and or the interest rate. Really going to go over big with the neighbor who is paying his or her Mortgage at the CONTRACTED rate and amount.
Vietnam Veteran, CW4 USA, Retired 1979
The Government, if it owns all of the bonds in a given series or tranches of an asset securitization, does not "own" the mortgage. But as bondholder for an entire series of bonds it might be able to influence the loan servicers.
Someday this war's gonna end . . .
This community was started in 2002 as an alternative to a then fee only Motley Fool. The focus of the discussions is on topics related to early retirement and financial independence. The community is moderated to ensure a pleasant experience for our members.