Redding's Ups and Downs

The number of homeowners leaving their homes and walking away from their mortgages is on the rise. With home prices continuing to fall, these people believe it’s their best option. Many are finding the banks are not willing to renegotiate their mortgage, but they continue to loan money for home loans

So I do understand why there is such an increase. My only recommendation is if you want to keep your home, continuing looking for refinancing options.  Laws are changing constantly so continue your research to find out what is available.