[slodave]

Hi Vas.

That's not quite right, Rick. Up until a few years ago, it was pretty easy to get a mortgage loan valued at way more than a person could afford to pay back. The lenders weren't about to tell their clients that they cold not repay the loans, since the lender was making money hand over fist. The clients were thrilled, since they could now buy a million dollar home, even though they should have purchased something in the $300,000 range (making numbers up here). The collapse of the economy just made things worse.

It really had mostly to do with the mortgage industry and how loans were made.