More than a year ago, some of the world’s top economists advised President Obama to introduce a much bigger plan to forgive part of the mortgage debt owed by millions of underwater U.S. homeowners [“Why has the U.S. recovery sputtered?,” front page, Nov. 23]. But The Post’s editorial board asserted [“Housing relief,” Nov. 24] that providing a greater number of such loan modifications could have been viewed as rewarding “borrowers who took on more debt than they could handle.” What The Post did not note is that millions of borrowers were lured into getting high-risk, costly loans that were often predatory and loaded with hidden fees.

It is not too late to rescue thousands of troubled but responsible homeowners, especially at a time of historically low interest rates and rock-bottom home prices. It is also an opportune time to promote the making of safe, sound and affordable loans to creditworthy borrowers, many of whom would be first-time home buyers whose purchases stand to uplift the housing sector and accelerate the recovery of the nation’s economy.

Alejandro Becerra, Silver Spring

The writer is an independent consultant to lenders, trade associations and nonprofit organizations on issues related to Hispanic homeownership.