Jim Weiker | Dispatch

Audre Smith in front of her Lancaster home.

Someday, someone will produce a fair and balanced moral analysis of the housing collapse.

Until then, we must settle for shallow, ill-informed and facile explanations that fall into two main camps: The lenders are crooks who got what they deserved, or the homeowners are fools who had no business borrowing what they did.

On one side, sympathy is hard to summon for bankers who aren’t being paid for loans that any third-grader could have foreseen as doomed.

On the other, it’s a bit disingenuous for borrowers to blame banks for lending them money. That’s akin to blaming the woman who agrees to goes out with you for what proves to be a less-than-enjoyable date: You might question her judgment, but you’re the person, after all, who made the overture.

The fact is, some homeowners borrowed far more than they should have and are now paying the price of such greed.

And then, there are others.

Read the article here on Bank glitch traps Lancaster pair in web of foreclosure

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