Granted, lower wages will make mortgage debts harder to service.
She continued to make mortgage payments, to the bankruptcy court.
"Without work, people can't make mortgage payments," he said.
A better job market enables struggling households to make mortgage payments, reducing foreclosures.
The administration did not push for legislation to make mortgage companies help borrowers.
Illness and an inability to make mortgage payments were also prominent triggers.
Ms. Caceres has struggled to make mortgage payments since her hours as a bartender were cut.
"These are not youngsters struggling to make mortgage payments or feed their children," Ms. McTavish said.
It is supposed to collect rents, do maintenance, pay real estate taxes, and make mortgage, water and sewer payments.
The Obama plan will make mortgage indebtedness more manageable, but ultimately the debt itself needs to be greatly reduced.
In that instance, even if you can afford to make mortgage payments, you stop paying to force the bank into foreclosing.
