Time To Stop Blaming The Lenders

Below is a recent excerpt I read regarding loan modifications and the increase in foreclosure activity among prime borrowers. "Despite helping 244,000 at-risk homeowners with loan modifications and repayment plans in February, the Hope Now alliance says the number of foreclosures continues to rise and foreclosures involving prime loans topped subprime by a significant margin."

The regulators need to stop putting 100% of the blame on the lenders and borrowers need to stop feeling as if they were the victim of this mortgage debacle. Instead of blaming each other for the negative actions, everyone just needs to accept and move forward. As soon as this can happen, the quicker we are going to see stability within the capital markets.
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