disservice to everyone. 1) The idiot buyer 2) The legit buyer who has to pay up because the idiot buyer will pay anything 3)Investors in the bad paper 4)The taxpayer if they have to bail out any bank. Free market my ass. They lend too much money to folks that have no way to make good on the loan. Only winners here are tanned RE hustlers who have swiss bank accounts that cant be touched.