Why didn’t I get interest subsidy for my soft second mortgage?
I live in Massachusetts and bought my first home in 2009. I have soft second loan from a bank. I just recently found out a soft second loan has interest subsidy from government funds, but I don’t have it! No body (including the mortgage person at the bank who prepared my loan, and my lawer) had mentioned anything about this to me. How come I didn’t get it when I applied for the loan? What should I do at this point?
I’m presently reading AND THEN THE ROOF CAVED IN by David Faber. He states on page 78 that Freddie and Fannie were cheered on into accepting sub-prime mortgage loans by Barney Frank from Massachusetts. Who else in the political field joined the cheering that led into the mortgage crises?
I thank all ideas. But where in hell are we to pay the mess with’ve gotten into?