The Fed creates new emergency program / SPV that purchases foreclosed properties from banks, leases it to the original landlord at near-zero rates; until the ou

The Fed creates new emergency program / SPV that purchases foreclosed properties from banks, leases it to the original landlord at near-zero rates; until the outlook is more table equity value becomes positive again and then this 'troubled asset' will be sold back to the original bank. Basically, expect several years of mortgage holidays for property owners, through the Fed. To inflate the property market, the Fed will continue to purchase mortgage backed securities, (they currently own 1/3 of all MBSes) driving down the cost of interest, which increases borrowing power and demand, and drives up home prices.