[1stLand]

As a person involved in Real Estate sales, I have witnessed alot of people's irresponsible behavior up close. By that I mean viewing people's title history and seeing them taking out second mortgages (refinancing) properties based on a pie in the sky valuation they either got from an appraiser, a Realtor, or themselves.

Then when it comes time to sell and they owe more money on the home then it is worth, they put the blame on others.

I would have liked to have seen the Maximum Refinance rate moved to a value much lower than 80%.