Keeping foreclosures down and homeownership up has been the stated goal of policy makers for the last few years. The record shows that nearly all of the promulgated programs have failed to provide much relief to lenders or borrowers. And even if there were a chance for them to succeed, the obstacles to their viability are daunting.

I think a brief review of such programs is in order.

My list is not meant to be complete, but it is indicative of the success of presumptive remedies to the foreclosure crisis.

Jonathan Foxx is the President and Managing Director of Lenders Compliance Group.

LENDERS COMPLIANCE GROUP is the first and only full service, mortgage risk management firm in the country that specializes exclusively in residential mortgage compliance. The firm provides risk management outsourcing to the mortgage industry, offering a full suite of hands-on and automated services in residential mortgage banking.