Richard Peach, senior vice president at the Federal Reserve Board of New York is promoting moving foreclosures by giving incentives to military service members. His idea is to allocate certificates to 2.5 million service members who served in Afghanistan and Iraq that could be used as a down payment on a foreclosed home in the Fannie or Freddie portfolio. He said this could help to absorb the inventory and stabilize the housing market? What do you think?
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