Lenders are looking for a change in economic circumstance that is preventing their borrowers from paying their mortgage. We have learned that if you talk to someone long enough they will tell you that there is something that did not go as planned. Life has a way of doing that. All our customers have valid reasons and our getting approved. No one anticipated market values dropping 30% to 50% in Riverside and San Diego. We did not plan on more that 50% of available mortgages being eliminated in the last 6 months especially hurting the 1st time buyer. We also didn't plan on not being able to refi off neg am loans that increases our mortgage balances every month.