Foreclosures are still a problem, and administration efforts haven't helped enough.
It does not make sense that someone who has a $450,000 mortgage is booted out of their home so that the bank can sell it to someone else for $250,000 if that person could have afforded to make payments on a $250,000.
But that's the world we live in. There was never any perfect painless universally fair solution for this problem, but allowing bankruptcy judges to deal with it would have been the best...
Oh well.
