Broker's always ask:  "When are the products going to come back??"

The answer is simple; products have been cut back because no one knows the value of a house anymore.  Everything is based off of risk.  It is VERY risky to foreclose on someone right now due to the fact that no one knows how long it will take to dump that redeemed property.  Therefore, it is impossible to calculate the risk involved due to the fact that the cost of selling the house and the final sales price cannot be obtained accurately.  This causes major problems because now high LTV lending goes out the window because no one wants to get stuck with a house with little to no equity in a market where the value is up for grabs.

 The thing that we all need is for sales to increase to clear the market and restore value and return us to a seller's market. Once end servicers of loans have confidence in sales prices, they will return SOME of our LTV's and products.