I think both parties are at fault for thinking anything has the ability to appreciate at 100% a year indefinately.

People are most emotional in the one facet of life that should be the handled with more common sense and logic than any other – money.

Countrywide is the poster child of bad mortgage banking and I won’t be surprised to see them go under.

If you can prove that your broker, unbeknownst to you, falsified documents to get you into a house you can’t afford then get a lawyet.

Otherwise laissez faire and let them learn.