Like I have been saying about the banks and mortgage companies:

You know how to MAKE the loans, you have no idea how to COLLECT the loans . (Hat Tip – Trader Mike )

For those that have timed and made money off this debacle, truly well done. Most have just written about it and were three years early on the call.

For those in loans that they do not understand, don’t hide your head. read the article and do something proactive if you can. Otherwise, you will be handing over the keys.