It is interesting that this piece for borrowers is the first to posit the end game.  Option A is better, yes, but Option B is more likely.

Note the focus on supply of willing capital for non prime borrowers and the lack of servicing bandwidth.  Some borrowers may be left in the cold. 

I also like the notion that OFSI will need to make some exceptions.  It does the whole lender community, including prime lenders, no good to see a wave of sales based on inability to refinance.