I agree with the consensus of all the posts… I am not thrilled with a more prolonged deterioration but what can I do…

Also there is a large factor that I do not understand yet either as I am but a simple engineer and realtor… What I do not understand is the process of mortgage backed securities… So my point is that I do not think any of these bad loans can be readjusted or tweaked correct? There are bond holders earning interest on these mortgages right? So in essence the lender or current owner of the loan would essentially have to offer an entirely new loan wouldn’t they? You cannot “tweek” or “alter” an existing loan.