FHA To Help Up To 240,000 Homeowners

I have only had time to scan through this. It seems to follow with what I have been saying. It is better to reset loans than to flat out foreclose. It stops the money flowing to the original loan company and it hurts the prices in the market due to desperate pricing.

Essentially there are so many people that could be hurt by the turn in the economy that the public is in the drivers seat. When Donal Trump went through his money problems in the early 90's the banks let him keep the properties because it was so big that they were better off letting him work his way out.

Article from FHA