[Rick Lee]

Between 10-40 yrs.? Try about 2-3 yrs. before you see some subprime products reappear. Fannie/Freddie have had a 100% financing program for about 10 yrs. now. They may never take subprime FICO scores, but I bet they dabble in stated income eventually. And they're way slower than the other guys at product development.

Anyway, I don't see how any of the proposals made by Bush or Schumer or any of the pres. candidates would make an iota of difference either in helping those currently losing or who have just lost their houses, or preventing it from happening in the future. Until they ban stupidity and enforce it, people will always sign onto bad deals.