Mars has belts of glaciers consisting of frozen water
phys.org
phys.org
"Get your ass to Mars."
http://www.users.globalnet.co.uk/~mfogg/zubrin.htm
I believe Zubrin expands on it a bit in his book ...
http://www.amazon.com/The-Case-Mars-Settle-Planet/dp/0684835...
(I'm not saying it is not interesting, I just question why it gets more attention than other discoveries).
Once you do that, then, yeah. Water vapor rises, gets slammed by UV radiation and dissociated, and hydrogen goes thataway (not sure what happens to the oxygen, maybe it gets bound up in the soil?). It's pretty much how Mars lost its atmosphere to begin with. Not having a magnetic field is bad for the environment.
1) Mars' core has cooled significantly, and it no longer has a powerful magnetic field to protect it from solar winds. Solar winds have the ability to take a polarized molecule like H2O and strip it from the atmosphere. It's also much easier to strip it from Mars because
2) Mars has a gravity of approximately 1/3rd of what Earth has.
Combined, these two factors mean that Mars has an atmosphere that is 0.6% as thick as Earth's.