What are Delinquent Borrowers Thinking?

[Greg B.]

Once a borrower becomes delinquent on his or her mortgage, that person develops a negative attitude not only about paying the mortgage and his or her general finances, but also about the whole idea of homeownership — significantly more negative than homeowners who are underwater on their mortgages, but are still current in their payments.

That’s according to a Fannie Mae study released this week.

http://www.marketwatch.com/story/what-delinquent-borrowers-are-thinking-2012-06-15

What do you think? True or not?