[Publius]

A foreclosure puts more downward pressure on real estate prices due to more houses being thrown on the market. It also puts pressure on banks to correctly value their real estate holdings, which would blow a huge hole in the assets of the institution. The concept of mark-to-market is financial suicide for American banks.

Although the verbiage indicates this is to benefit individuals who might experience foreclosure, its real purpose is to bail out the banks again. They're kicking the can down the road some more.

[dalereed]

to hell with the banks and the squatters that aren’t paying their mortgage!

kick their ass out in the street!

[CharlyFord]

its real purpose is to bail out the banks again.

Yep! This time, the bailout cash goes through the homeowners account. It's getting real complicated. Can and will the Government keep track of who is responsible for the debt. There's a lot of questions here!

This just don't feel right! Somehow, someone will have to pay that debt. Who?!?! Who's money is this that the Government is throwing around??

Who did the government borrow it from?? The Chines or Oil States? I don't think so! The Fed?!?!