Agreed, if they pass legislation to that degree every homeowner that is upside down (or even close) in their mortgage, would stop making payments and do whatever it took to prove they couldn’t afford it. Solely to get their loan amount decreased. Even if it meant damaging their credit.

This would be the ultimate injustice to the American homeowner that has been responsibly servicing their loan, and to those that have been patiently waiting for prices to come back to norms.