Fannie Mae's 7 year lock out for defaulters

[Bob Hines]

I haven't seen this discussed here, or even heard much at all about this but I wanted to see what everybody here thought about this http://www.fanniemae.com/newsreleases/2010/5071.jhtml

Since Fannie is such a large portion of the mortgage market right now, seems like a great opportunity ahead for some savvy real estate investors. A 7 year lock out from date of foreclosure could mean some people won't be able to get a mortgage for a decade or so since banks are taking so long to foreclose right now.The question is: What is the best way to play this? Seller financing as these former owners will still want to own but can't get a loan? Lease option for similar reasons? Rentals as former owners become discouraged and resign to renting? Hard money/mortgage lending as borrowing becomes more local since large agencies/companies are cutting back/have mounds of red tape?