There is a lot of wailing and knashing of teeth about the high rate of foreclosures in the US market as the real estate boom has come to an end. People are looking to place blame and there do seem to be players in the real estate lending supply chain that pushed the boundaries of standard practice quite far. But, that’s what a capitalist system does. It innovates and the result is growth and improvement in overall effectiveness and efficiency. But while overall improvement is defined by the majority of people being better off, any change in the business world is accompanied by excess and abuse and  individuals who got hurt.  A crisis is acknowledged! The system is then adjusted to codify the new boundaries of standard practice so that fewer people are hurt in the future as more people are served well by the new improved business processes. 

Progress is a dance that involves two steps forward and one step backward.

Throughout the various stages of progress it is important form the consumer to be smart about making decisions, especially far reaching financial decisions. This blog aims to provide dialog and resources that the author feels are valuable for consumers who wish to be more knowledgable and in control of their decisions about mortgages.