With this buy out proposal will it allow people who have faulted on their home loans stay in?

David C asked:


With people who got their faulted loans refinanced by Fannie May (or however it’s spelled) buy out the poor credit loans and they are looking at getting the buy out will that mean those who have loans faulted by them stay in their homes they didn’t pay for?

I mean I have a legit loan through GMAC why can’t I fault on my loan and get my house for free?

I am not sure if this is the truth behind part of the buy out is this true can someone explain?

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