Mortgage companies have dug themselves in a hole by not researching enough about families asking for loans, and then they would give out loans and families/individuals would end up not being able to pay them back.
http://www.usatoday.com/money/perfi/columnist/krantz/2007-03-08-mortgage-profits_N.htm
This article talks about how homeowners being late on their payments or not paying at all negatively affecting mortgage companies. Leading to mortgage companies taking drastic measures in order to make-up for their set-backs.
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