Ring around the loan mod

Banks making modifications next to impossible.

This is a great article on how the banks have decided that a foreclosure is better than a loan modification regardless of the numbers.  The banks have lost all common sense and they continue to hold the economy hostage.  You can read more here about how the banks are willing to make poor financial decisions, taking great losses in order to avoid modifications. 

Read a related story on how the banks are will still foreclose even it it costs them more than changing loan terms.