Jack Reed actually said...

this situation was bad a year ago. It is worse today, and it might get worse.

And if the economy gets worse for reasons not directly related to this, such as the sovereign debt crisis overseas, etc., then the foreclosu...

the best outcome is to keep a person in their home and to keep them paying, and we are all advantaged by doing that.

we have to start moving toward a solution, not simply waiting, because it seems to be getting worse in my mind.