It’ll probably do just fine in middle America where the difference in values between the utstanding loans and the current value of the homes is measured in $20,000 increments rather than $200,000 increments.
Someone who’s marginal because their $700 monthly payment is jumping to $1100 per month might be able to take maximum advantage of this. Not so for someone looking at the difference of $2100 bumping to $3300.
