The best way to deleverage from a debt-fueled housing bubble is to assume more leverage in another debt-fueled housing bubble.
Considering that a lot of the targeted borrowers will be unable to make their mortgage payments in a few years, I can't see why anyone in his/her right mind would see this as anything other than an open invitation for banks to steal more homes. Unless here's some hidden angle to this story that I'm missing?
---Baron V
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