re: #567 drcordell

Keep housing prices up? You mean keep them unaffordable and preventing the market from correcting to actual market conditions because in some parts of the country the real estate market got so overheated from speculators and the flow of easy credit that prices appreciated far more than anyone should have expected.

The foreclosures are necessary to bring the real estate markets into alignment with current market values and programs that delay that process actually make the situation worse since it shifts the risk of loss from those transactions on to the taxpayers rather than the banks and the borrowers who were directly involved in those transactions.