I understand their desire to help homeowners in trouble, but first off, it was primarily the buyer’s fault anyway and sooner or later, they will just have to understand the simple fact that for a family with $60k in income/year in a home purchased for $600k at 100% LTV, there just simply ISN’T some other magical “affordable” loan out there.

Actually, there was… It was called an Option-ARM loan and I think we’ve seen how well that worked out.