It would benefit the economy even more if the people who can't uphold their end of the mortgage get their asses kicked out to the curb so someone who can afford the mortgage can move in and take over.
Where did the holy reverence people hold these indigent bums in come from, anyway?
The best thing for the economy is to get the non-paying people out of the mortgage properties they failed to buy, and let people who can buy them buy them at a bargain.
The bums can go back to renting, the leftist goal of cheap housing will have been met, and the economy will finally bottom out and the people respsonsible for it will bear their share of the cost, while the people who weren't responsible for any of it won't be taxed pointlessly.
Let the free market go free, and things wills start to get better. I'm begining to think you people seriously want Obama to set new unemployment records.