Are now getting flooded with foreclosers in many states.
I agree with you 100% with you this is a big negative for the markets in the short term, these pin heads are clueless that if the hosing market starts going south the markets will get hammered.
thats a good sign to clear the glut of shadow inventory the banks hold ,,, then the housing mkt goes up up up and prices go up again,,,,,,,,,,,,,,,,, healing
I suggest you see the analysis of this I just posted regarding this. You clearly do not understand what the ultimate goal of stabilizing the housing market was.
The ultimate goal was for the Banks to get their money back by holding inventory of foreclosures until they could dump them back on the market. The trick was having the fed buy all the out of the money loans back.