To put the credit crisis in context you can consider the prospect of an entire nation like Iceland on the brink of collapse or individual homeowners here in Texas forced

into foreclosure despite the best efforts of mortgage companies to modify home loans and make them more affordable. Mark Cronenwett of Dallas' Cowles & Thompson, who represents mortgage companies, says it's in everyone's best interest to avoid foreclosure, and many mortgage companies have been working hard to modify loans and make them more affordable and avoid foreclosure. "Mortgage lenders want to prevent foreclosure if at all possible, and many are willing to rework the terms," Cronenwett says. "I've seen both sides working hard to modify a loan in more favorable terms, only for it to be sabotaged when the borrowers can't get a new loan in this economic climate." To interview Mr. Cronenwett, contact Robert Tharp at 800-559-4534 or robert@androvett.com.