"Mortgage Crisis to End in 2012..." Don't be Fooled!

I have read 2 articles in the last 2 weeks which make the claim the "mortgage crisis will end in 2012".  It seems too good to be true!  I read them, they actually seemed to be the same article, just posted by different sources.  It is great to be optimistic, but we also must be realistic.  As much as I would like to believe we will be out of this slump soon, the facts just do not support the claim.  Take a look at this article, from a credible source, "The Wall Street Journal", and decide for yourself.http://blogs.wsj.com/developments/2012/04/04/are-mortgage-credit-standards-loosening-hint-no/

How Long Do You Need to Wait to Qualify for a Loan After Short Sale or Foreclosure?

The time frames differ given your individual situation, but this article offers some good information regarding the 'rules'.
http://www.mercurynews.com/business/ci_20241918/past-foreclosure-means-waiting-years-new-loan

Banks involved in Foreclosure Abuse Settlement being rewarded for business practices

An interesting article on how the banks involved in the foreclosure abuse settlement are being rewarded for their business practices.
http://www.nytimes.com/2012/03/28/business/foreclosure-deal-gives-banks-credit-for-routine-activities.html?_r=2&ref=realestate