However, when the market started its downfall, it became apparent that consumers borrowed more money than their home values; therefore, lenders were stuck dealing with influx of defaults and foreclosures.[22]         Borrowers also face myriad of blame for borrowing much more than they can afford to payoff.[23] Borrowers relied on the market and assumed that once they obtained their loans, rising home prices would more than offset their ballooning… [read post]