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because a credit risk is still a credit risk.
banks, like insurance are about risk aversion. they don't want to have to foreclose on the house and take ownership of it that takes money and resources.
and if the person burned down their house to save the payments...would be sought after for arson.
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I don't care if you are black, white, purple, green, Chinese, Japanese, Korean, hippie, cop, bum, admin, user, English, Irish, French, Catholic, Protestant, Jewish, Buddhist, Muslim, indian, cowboy, tall, short, fat, skinny, emo, punk, mod, rocker, straight, gay, lesbian, jock, nerd, geek, Democrat, Republican, Libertarian, Independent, driver, pedestrian, or bicyclist, either you're an asshole or you're not.
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