Tornado Alley (PROG)

[dickmilde]

That's true... It seems that it wouldn't be much different.

But, the difference is that the person that defaulted on the loan has proven that they are unable to make sound financial decisions... The banks don't want to have a relationship with individuals that have proven that they can't handle financial stuff correctly... arizona !

Actually Obama has attempted to modify loans but as expected the default rate is unexceptable...

"High Redefault Rates: Obama's Loan Modification Nightmare"
http://money.usnews.com/money/blogs/the-home-front/2009/4/3/high-redefault-rates-obamas-loan-modification-nightmare.html