This is nothing but the Government telling the banks to stop foreclosures in order to keep the people in the houses a bit longer, the houses they couldn’t afford.
Even if this is true, banks are still illegally stealing property from people who either own their homes outright or are current on their mortgages. This must stop, and if banks are punished by being forced to stop all foreclosures, then so be it. After all, when a person commits a crime, he is punished at far more than the cost of the crime so that a disincentive is provided to other potential criminals.
Perhaps if banks were not attempting to illegally seizing property, I would agree that these moratoriums are shams.