Robert,

I think your probablly right on that side of the coin, folks will go beyond thier means. We have seen that over the last few years. Interestingly enough a majority of the work we have been doing is refi's from Interest only loans back to fixed rate and I'm sure many are wondering just what were they thinking! I think we will always have those kind of situataions, partly due to consumers who don't know any better and partly due to predatory or unethical lenders and agents.

But like I said, I think these products have a good side too!


Best,

Robert B.