(EMAILWIRE.COM, February 24, 2010 ) Destin, Florida -- A majority of Americans feel that the U.S. government should force bankers to reduce mortgages to make them more affordable for troubled homeowners, according to a new Housing Predictor opinion poll.
The survey comes as cries for financial reform grow over the emotionally charged backlash of bankers actions, including multi-million dollar executive compensation packages in the midst of the worst economic downturn since the Great Depression. Half of all respondents say bankers should be forced to reduce the size of home mortgages for those at at risk, making home payments more affordable. Get the full details on the survey by visiting Housing Predictor dot com.
However, the second largest group said that even though they realize foreclosures damage the entire U.S. economy neither the government or bankers should modify mortgages for those at risk of foreclosure. “It’s there problem not mine,” they answered in response to the online question, demonstrating that many Americans are what they are criticized for being by foreign nations, selfish and self-centered.
The U.S. foreclosure epidemic poses the biggest economic and political threat to the nationÂ’s future since the Great Depression, and may send the nation into a long, dragging recessionary spiral that could last longer than the Great Depression.
Consumers, business owners, retail companies, bankers, mortgage companies and real estate firms consult Housing Predictor forecasts. Housing Predictor provides free real estate forecasts for markets in all 50 states, real estate news and analysis on the housing market at http://www.housingpredictor.com
