What you just described is called "redistributing the wealth." It is the whole point of this transparent scam. Obama doesn't care about mortgages. He just wants to scour "excess" wealth from your white backside.
btw, the deadbeat with the 400K house thinks it's a fine idea.
Actually, I call it stealth reparations.
And yes, the guy with the 400k house is ecstatic someone else is paying for it.