[Yogi]

...mortgage payments...? look on your credit report to future creditors if SO many people are having problems due to rising mortgage payments?

Is the FTC making arrangements to help people who are struggling or are they just going to let everyone hit credit rock bottom?

How will this affect the economy later when many will not be credit worthy?

And, what's the real reason that rates aren't being lowered? We see the mass devastation that is happening all over the country with late mortgages and loan defaults. At some point wouldn't the government NEED to step in?

Buyers feel like the market is a sinking ship and don't want to buy because they know that the values are still dropping. This is VERY smart thinking. How long will this be the reality?

Who is going to step in and make a change and when?
I agree that the ones who made their beds should lie in them. However, there is a trickle down affect. The ones who didn't get the risky loans. Properties foreclosing are sold below value which brings down the market value for comparables. In addition, lenders are not jumping at the chance to lend to people anymore due to the amount of sub-prime loans defaulting.

If someone needs to move and sell their house due to the need to relocate and can't sell for the profit then they take a loss. If someone loses equity due to the market value and can't borrow against it to do home improvements then they lose. Its not just the "idiots" who suffer. But, in order to get back on track something has to be done unless everyone just haults at a stand still until it gets better.

It's not fair. The market is going to hell in a hand basket and it's hurting a lot of innocent people.