Fix housing first...its all flowing down hill from that cluster fook. As crazy as it sounds I would expect a huge flood of loan modifications ie actual principle reductions and/or huge interest rate drops. Its cheaper for a lender to lower a loan balance by 50k and drop the rate from 7 to 4 then it is to foreclose. The govt will step in and back the loans for the lenders that go into default after they have been modified...anyway my 2C and where I think something will be done in the near future...cheers