Need to pick the next president? You might want to watch how they handle the ongoing mortgage crisis. All three of the leading candidates have proposed solutions to help reduce foreclosures amid the subprime debacle. While these plans are sure to change as time goes on (still a long way to go before the election), you should follow your favorite candidate's proposals.

The New York Times has a nice summary of each candidate's position on the mortgage crisis, along with immediate and long-term plans. While you're at it, check out their positions on the other issues. The mortgage crisis might be an example of how they can handle other financial challenges that arise during their time on the job. [via Consumerist]

Further reading:

• Subprime - Definition
• Watch for High Risk Mortgages