It’s scary but true and it makes sense. The bailouts are in the housing industry and just like the article states if you have a cash shortfall you want to be able to have access to your credit cards for your everyday essentials. It used to be that a homeowner would do whatever they could to pay their mortgage and save their home, not anymore.
The data reflects a “fundamental paradigm shift” in the way consumers prioritize payment of debt obligations, says Ezra Becker, of TransUnion. “This is dramatically different,” he says. “It is a clear manifestation of the dynamics that lead up to the recession and the recession itself.”
http://finance.yahoo.com/news/Forget-the-Mortgage-Im-Paying-usnews-816222158.html?x=0&.v=2
Located in South Florida, Justin Miller has established himself as a leader in the mortgage community for his expert advice and understanding of the current real estate climate. 
