The bottom line is that there is a massive wave of actual foreclosures that will hit beginning in April that can’t be stopped without a national moratorium — this wave is so big I would not put it past them trying it.
This can only be expected as unemployment continues to rise. What is so God-awful about letting these people stay in these houses? It's not like the banks are going to sell them to anyone. Banks are so pig-headed and arrogant.