I will explain it again. The foreclosures were a result of 4 privately funded lenders engaging in predatory lending practices, I even gave you a list of these lenders. They were delt with in a very swift and harsh manner (well deserved). THey lend over 500 billion dollars and those are your foreclosures, Bush had nothing to do with it. These loans were not at par rates, so lowering interest rates does not affect them.