Talk about bankers talking up their own position. In the US, mortgages are sold as non-recourse. That is the legal form of the contract. So a banker suggesting there is a "moral" reason to continue to service the mortgage when it is worth more that the house is laughable. Can you imagine bankers waiving interest and some debt payments for a borrower with financial problems because it is the "moral" thing to do?
walk away from your mortgage! , page-5
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