The idiot-in-chief is doing this solely for political gain.
He wants to paint the repukes as the party that came to the rescue. These are essentially swing voters for whom this program is designed to help.
I am truly saddened and sorry for the people caught up in this, but they entered into a legally binding contract willingly. When someone buys a house or a car with a substantial loan, it is incumbent on that person to make the correct decision on a finance arrangement that can be maintained. I'm no conservative, but it is not the role of a public government to intervene in a contractual agreement that was not deceptive nor unfair.
The past R.E. boom was ultimately just another fictitious product of the current administration to begin with.
Like all of the other outrages that this moron has caused, he is positioning himself as the only one who can fix all of the things that he broke in the first place.
This is yet another dangerous precedent that this fool is setting.