While I'm not a big proponent of government influence on people's lives, the Feds have called for
"forceful action to aid the real estate market", which I approve.
Often, however, government throws out common sense when they try to make corrections to national policy. I'm hopeful that this isn't going to be one of those times.
In more good news, nationwide in 2011 saw the
lowest number of foreclosures in 4 years. Tempering that good news, is the suggestion that 2012 will pick up again, as lenders were working through bottlenecks in some local markets.