Friday, September 17, 2010

Memo to Mortgage Lenders

The Pew Research Center has polling data which shows that Democrats are nearly twice as likely as Republicans to think walking away from a mortgage is okay. Specifically, 11% of Republicans and 23% of Democrats think this practice of not paying a voluntarily contracted financial obligation is acceptable.

Most other factors Pew checked didn't show much difference between groups. Party registration is publicly available information, not a secret. If I were making mortgage loans, I'd check party registration as one of the factors I'd consider in deciding to make a loan.