It seems that they haven't. When discussing the cause of foreclosures the Post told readers that the Obama administration's new housing plan takes aim at: "the major cause of the current wave of foreclosures:
"the spike in unemployment. While the initial mortgage crisis that erupted three years ago resulted from millions of risky home loans that went bad, more-recent defaults reflect the country's economic downturn and the inability of jobless borrowers to keep paying."
Actually, the major cause of both waves of foreclosure was the collapse of the housing bubble. The plunge in prices pushed many homeowners underwater in their mortgages. As much research has shown, being underwater is a key factor in foreclosure. Homeowners are unlikely to default on homes in which they have equity.