On the recordSeptember 13, 2011
The cost is far greater to the country for somebody to default on the loan and have it foreclosed on than it ever would be a loss to help them stay in the house.
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congress.govJohnny Isakson: “The cost is far greater to the country for somebody to default on the loan and have it foreclosed on than it ever would…”
Editor's note · Context
Isakson emphasizes the negative impact of mortgage defaults on the economy.
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