From AP: White House Doubts Need To Halt All Foreclosures- "A top White House adviser questioned the need Sunday for a blanket stoppage of all home foreclosures, even as pressure grows on the Obama administration to do something about mounting evidence that banks have used inaccurate documents to evict homeowners. "It is a serious problem," said David Axelrod,... but he added, "I'm not sure about a national moratorium because there are in fact valid foreclosures that probably should go forward" "
For most people who have had to go into foreclosure, despite all the spin one hears on mainstream and financial news, it is not their fault. It's the banks' fault. It is the fault of speculators and investors. It is also government's fault. And every day a family can stay in their homes is one more day of normalcy in their otherwise turbulent, stress-filled lives.