Would it not be better to refinance, have a responsible borrower, keep, maybe even join, have the conservator join in shared appreciation mortgages maybe so that the Federal output is further preserved?

Lowering and reducing principals is also an essential part of keeping folks in their homes.

Thank you for the insights.

if we were to do tranches of properties with investors, it really has to have a connection at the end of the day with community-based entities

I guess anyone else in the neighborhood looking at that sales price could use it as comparables to file a tax appeal.

It boggles the imagination why you would make an investment decision that you can affect the outcome of and not want that decision to pay off.

Well, my thanks to all of you for some very, very worthwhile and helpful insights.

I have been pushing Freddie and Fannie to, in one case, allow refinancing to take place.

Moral hazard is also for those who created the lending products and drove people to mortgages they should have never been.

I believe we also need to have a discussion about what other opportunities there exist

it is important that the conditions of how that is done, because working with organizations like yours or Brand New Day or Citizen Action, that brings a certain reality of community-based understanding of the properties involved.

it is appalling from a policy standpoint that the Federal Government would take the position that they have no obligation to maintain the properties which they are legally responsible for.