Foreclosure mitigation, for example, not only serves to keep people in their homes, but also should reduce downward pressures on house prices and hold down loan losses at lenders.
5 While we await passage of  3  For further discussion, see the Bernanke letter to Dodd and Shelby in note 2. 4  Our ability to monitor key payment and settlement systems also depends critically on our supervisory powers, as several key institutions involved in payments and settlements have state member bank or Edge charters.