Ideas abound these days for dealing with the mortgage crisis — so many, in fact, that there is a danger some of the best may be lost in the shuffle.

There seems to be a consensus on the pressing need for some mechanism to restructure mortgages and forestall foreclosures. But the fact that the overwhelming majority of mortgages are held in securitization pools, administered by servicers who owe fiduciary duties to all the holders of bonds issued by such pools, seems to present an intractable obstacle to restructuring.

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