| People don't go out looking for new homes with the intent to default. I think to assume that folks are just recklessly purchasing over thier heads is well just dumb. They rely on mortgage "professionals" to help guide them into achieving thier dream of home ownership. Isn't it ironic how the only folks that loose is the home buyer? The "professionals" have insurance AND the govt to bail them out of a situation that they helped create to begin with.
I'm all for helping folks stay in thier homes. If they help the bankers and realtors the very least they could do is complete the circle and help citizens that purchased on good faith to stay in thier homes.
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Kicked back in Texas - still payin those Kansas taxes......
The old believe everything, the middle aged suspect everything, the young know everything......... Oscar Wilde |