As long as the Fed is backing everything the Banks do we are helpless to work against them. They violate every State's Laws with their addendums, they dictate how and when the buyer can use a home they want to purchase, they dicate everything from lending rates to how the foreclosures are sold. They stall and stall on the Short Sales or Loan Mods because they would rather foreclose and get more money from the Fed because they are the "poor" banks and they are losing so much money.
Just heard that Barney has decided that the lending underwriting guidelines may be too strict and they are hurting the housing recovery. DUH.......look in the mirror my friend, you put those guidelines in place and everything you have tried to "fix" you have made worse. It is a sad day we live in and it is a tough industry we work in because the obstacles that are put in our way are often too big to overcome.