Great time to get a fixed rate, and not a good time to get an adjustable rate.

It does get personal, but the folks who are in these situations, except for one, accept that we have tried everything we can to help. They just can't make it. It is sad.

One is going down due to internal fraud in their company, another due to the smoking ban. (I can actually track his financials showing a decline after December 2005). The one in denial is a person who turned to drugs. These we all deals underwritten and 70% LTV or less, and plenty of real actual cash flow available to service debt.