This gal proclaimed on election day that Obama was going to pay for her gas and cover her mortgage payments. I've said from the beginning that the Powers-That-Be believe that housing is a human right and that before it's all over the Govt.--probably through Fannie and Freddie--will end up letting those who default stay in their homes. Free housing, owned by the Govt. (Who's going to pay to fix the roof or buy a new water heater when you're squatting in a Fannie-owned house?)
The banks are all halting foreclosure proceedings due to legal technicalities but I wonder if there's not some other reason. After all, if you're not making your mortgage payments, eventually someone will be knocking on the door no matter what's in the fine print.
I guess those continuing to make their mortgage payments--especially those who are under water--are just suckers.