Well look what the cat dragged in!
The mortgages would all have to be set at a reasonable interest rate over 30 years...no ARMS, no surprises.
And if they still can't make the payments at that reasonable rate then they'd have to be foreclosed on...BY US. But we'd still have a house to resell, and we'd be making the interest on the money we forked over to boot.
We'd get our damned money back over time, plus interest, minus the normal rate of foreclosures which is a relative constant and happens at a predictable and manageable level that could be accounted for in an accuarial table.