I'm sure you are, and I sympathize with you in your situation. However, why is it my responsibility to help you refinance your loan? Has it become a right in this country to own a house?
Of course it isn’t your responsibility to help me, or others. I don’t have to refi, I would like to in order to save a couple of hundred a month in interest. I can afford the house either way, if I couldn’t i’d have never bought my screwball ex out of it. By the way, how does raising the cap to 125% cost you anything? As long as the borrowers don’t default,it will cost you nothing. If people with ARM’s, NOT ME, can refi to a fixed, there will be fewer defaults, costing everyone less. Allowing the high risk loans in the first place was the mistake. Also, the fewer forclosures the quicker the housing recovery. Values won’t improve with more and more empty houses on the market for lower and lower prices.