Originally Posted by oddball

Most of the walkaways or foreclosures have little or nothing to do do with increased mortgage interest rates in the great US of A .some of it has to do with greed and some to do with financial stupidity .With a mortgage readily available with(often)no down payment or no accountability in regard to the morgagee or thier true income , something had to happen , well it has and the banks are now crying "Mr government , please help us " Let iot be a lesson to all and sundry .