Solve Issue of Interest Only Balloon Home Equity Loans Reaching Maturity that will trigger new wave of Foreclosures

From 2002-2008 many Americans initiated Balloon style Home Equity Loans that pay principal only. These loans were issued at the height of the housing bubble and often have a 10 year draw period where the loans are then called and the borrower must get a new mortgage or pay off the loan. With dramatic drops in home equity values,when these loans mature, these people who have these loans will not qualify for a standard mortgage, triggering a large wave of foreclosures. Many, but not all borrowers of these loans realize this will occur and we are about to start seeing this balloon loans...pop...if you excuse the pun. Proposal: Bring back Resolution Trust Company from S&L crisis, as a hybrid model where issuer and RTC have risk but RTC can promote refinance options and save these homeowners