There have been so many people that have lost their home through foreclosure that population is now a major factor lenders are going to have to deal with if they are going to be able to sell loans and realize profits. People should not assume they are forever out of the housing ownership market simply because this down cycle caused them to lose their home. It is very possible to rebound and to buy again. Same goes for people that have filed a Bankruptcy. Sit down with a Mortgage Broker or Credit Union Loan Professional and find out where you stand when it comes to obtaining a Mortgage Loan today.