Thanks a lot GMAC!

I'm starting to hear plenty of rumblings from mortgage professionals who are pointing the finger at GMAC Mortgage for causing 'Foreclosure-gate.' It sort of reminds me of high school soccer practice when the coach threatens to make the entire team do laps if there's any more goofing off. Every player is well behaved except for that one wise guy, who makes a smart crack, and sure enough the entire team winds up doing laps. But let's face it, GMAC just got caught first. That's all. It eventually would've happened — to someone. Of course, the irony of this scandal is great: first, lenders get criticized for being too loose with credit, and causing a housing bubble. Now, a few years later, they're being slapped upside the head for cutting corners on foreclosures to the same people they gave an "easy" loan to. Many a mortgage executive have complained to me that the 'mainstream' media keeps downplaying the fact that these borrowers are in foreclosure not by accident. They are in foreclosure because they stopped paying their loan. But tell that to The Washington Post and New York Times…