People are starting to talk as though walking away from your home loan isn't a bad thing. I have mixed feelings about this; if you're overextended because you're greedy, it's totally different than if someone was a fraud victim or has lost their job.
At the same time, I can see that there will be a different result if you walked away or were foreclosed upon these last few years rather than at a better time for the economy. I don't know what the answer is, but am not certain that FICO scores taking into account the fact that the housing bubble burst and the banking system imploded is the right answer.
Again, people who are responsible are being screwed.
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