So, I can get rewarded by not paying on my mortgage now? In addition, there is nothing mandatory for a lender. The real deal is about another handshake for the Democrats favorite contributors: Fannie Mae and Freddie Mac. UFB!
At this rate, why would anyone want to pay their mortgage? Stop paying and get refi'd at 3-4%, or walk away and rent for half, while putting the cash away. At the end of 7 years, you can try again, while saving an extra $100K. It doesn't pay to do the right thing the way gubment is going at it.