58% Oppose Federal Mortgage Forgiveness Plan for Troubled Homeowners

Rasmussen Reports
Aug. 09, 2010

Rumors have circulated that the Obama administration is considering a partial mortgage forgiveness plan to help those who owe more than their homes are worth. Just 28% of U.S. voters favor such a proposal.

A new Rasmussen Reports national telephone survey finds that 58% oppose a proposal to have the federal government forgive a portion of the mortgage debt owned by troubled homeowners. Fourteen percent (14%) are not sure about it.

Opposition is a few points higher among homeowners. And, those the plan is designed to help are also opposed. Those who they owe more on their mortgages than their houses are worth oppose the mortgage forgiveness proposal by a two-to-on margin.

Sixty-three percent (63%) of voters think a government mortgage forgiveness program is unfair to those who have been regularly paying their mortgages. Twenty-three percent (23%) disagree and believe such a program is fair.

Among homeowners, 21% say it's fair, 67% unfair.

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