What do you think the effect would be of a mortgage holiday? I’m thinking of some sort of program where, if you want, you could select up to 6 months in a single calendar year to not pay your mortgage. You’d incur no penalty or credit hit either. Possibly the 6 months would be tagged onto the end of your mortage, to satisfy folks who would complain that allowing people to skip mortgage payments is tantamount to give aways.
My thought is, most people are honest and want to pay their bills, but are just buried. This way they could save up some money so as not to be living paycheck to paycheck, pay off some bills or at least get caught up, and so on.