Hmmm

Last week, the government announced a program that will substantially lower payments for many homeowners who have little or no equity, but only if they are at least 90 days delinquent.

You know, I could do a lot with the money I’d save not paying my mortgage. Hmm.

But what about the moral obligation to pay off a debt?

Shut up.

If you meet these requirements and can document your income, your servicer will reduce your monthly mortgage payment – including property taxes, insurance and association dues – to 38 percent of your gross income.

Ah, phooey, I’m below that already. Curse my common sense.

“This is a once-in-a-lifetime opportunity,” Schiff says. “People are going to feel like complete morons if they don’t participate. The people getting punished are the ones who never made an irresponsible decision to buy a house they couldn’t afford.”

Yep.