Fact: 

The number of home foreclosures in the banking industry topped

1 million for the first time in the third quarter of the year.

Homeowners continue to struggle with prime loans and modified mortgage payments, according to new data released today by federal regulators.
It is also being reported that holders of mortgages whose payments had been lowered through government or private modification plans re-defaulted at high rates. More than half of all homeowners with modified loans fell 60 days or more behind in their payments within six months of the modification taking place.

Goldman Sachs predicts there will be 15 Million homes entering foreclosure over the next 5 years.

Is it immoral or lacking in integrity to STOP paying your mortgage?

A question asked by Susan Goulding on her blog

Perhaps it is fair to put the banks under the same fire. . .

 Is it immoral or lacking in integrity to give loans recklessly and then seek the help from the Government when you are in trouble?

Are Homeowners being judged unjustly under a complete different set of standards?

Banks continue to be reckless giving bonuses and throwing parties while getting help from the Obama Administration. .  . .with the pretense that they are supposed to have been  working with people to help them avoid a foreclosure.

Enter LOAN MODIFICATIONS with the MORTIFICATION that you will owe so much more to the bank that your home is really worth. . therefore you will be required to make these payments for the next 5?, 10?,  15 Years? . .while your house's value finally catches up to your mortgage loan?

C'MOM MAN!