Housing Crisis

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What should be done about the foreclosures? There was a 85% increase in March of foreclosures? Are there any measures that could assist homeowners and prevent foreclosure?
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posted on Tue, Apr 15, 2008 10:25 AM
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The banks are half the problem byKpatch055 months ago (0 votes) (report abuse) (reply)
The banks that give a 300,000 dollar home to someone that cant afford it and then give them an Adjustable Rate Mortgage. The Interest Rates ALWAYS go up and down . It doesn't matter what the market is at. To think that a low ARM interest rate will be low for the life of a 30 year loan is just asking for trouble. The banks know this and they dont care because either way they get their money.