Market value of a non-performing loan is a fraction of par, often pennies on the dollar. The lender will likely not sell to OWS for less than what they are being offered by the market.
If these are NPLs the borrower has not been making payments - they go from not making payments on an NPL to not making payments on a forgiven loan. The lender, on the other hand, goes from owning worthless paper to having cash on hand. The stimulus comes only if performing or distressed loans still being serviced are bought, but the price for these will be much higher.
If these are NPLs the borrower has not been making payments - they go from not making payments on an NPL to not making payments on a forgiven loan. The lender, on the other hand, goes from owning worthless paper to having cash on hand. The stimulus comes only if performing or distressed loans still being serviced are bought, but the price for these will be much higher.