Can the Fed cut Foreclosures?

Can the Fed cut foreclosures in 2008?

With the tough times of 2007 over and done, the big question in real estate is whether 2008 will be any better.

Mortgage reform legislation has passed in both the House and the Senate, the President has recommended an interest-rate freeze for certain loans and HUD has introduced the FHASecure program. These efforts, however, have had little practical impact because final legislation from Capitol Hill has been neither completed nor signed, the President’s proposals are voluntary and as of mid-December the FHASecure program had only funded several hundred loans......Foreclosures

addl information: Foreclosures