Because the Pols are playing the vote gathering card.
Voter turn out is apathetic at best, Seniors (home owners), and established middle aged citizens (home owners) vote the most.
The pols knowing that most voters are home owners either dependent of the equity for retirement or on the housing ATM are playing the “I’m protecting your home from the actions of greedy unscrupulous evil big corporations (lenders)”
Given that the majority of American pay very little tax after child credits and home interest deductions, most say why not. You can see from the IRS 2004 taxes paid table that 85% of the population have an AGI under $100,000, with an AGI between $75,000-$100,000; their average tax bill was $8500.
2/3rds have incomes under $75000, those between $50K and $75K AGI have a tax bill under $5400.
Under $40,000 AGI, that’s 60% of the population filing, less than $2500.
An AGI under $30,000, that’s half of the population filing, tax bills run under $1824.
That’s the root of the problem, too many carry too little of the burden of providing for the government programs.