Foreclosures: Don't Slow Them, Romney Says

Mitt Romney says the foreclosure process should run its course. (photo: AP)

Kasie Hunt, Associated Press
Kasie Hunt reports: "Foreclosures need to go forward so the housing market can begin to recover, GOP presidential hopeful Romney says in Nevada. Nevada leads the nation with the highest rate of foreclosures. Romney elaborated during the presidential debate Tuesday night. 'The idea of the federal government running around and saying, 'We're going to give you some money for trading in your old car ... or we're going to keep banks from foreclosing if you can't make your payments,' Romney said, 'The right course is to let markets work.'"
READ MORE