Convert under valued mortgage accounts to "U.S. Treasury Mortgage Relief Bonds”
The bond would be non-marketable security (such as savings bond) that is issued to subscribers and cannot be transferred through market sales.
These bonds would be held solely by the US treasury and collections made monthly or yearly to the IRS.
The “U.S. Treasury Mortgage Relief Bond” payment is applied per Social Security Number (SSN) or Taxpayer Identification Number (TIN).
No principal reductions required, the full amount of loan would be repaid, at no loss to U.S. taxpayers.
A “U.S. Treasury Mortgage Relief Bond” payment would cost the homeowner $1,000 per $100,000 withheld from bondholders tax return on a yearly bases.
No tax deductions for 1% 10-year bond payments or local property taxes.