New Bill Would Repeal Home Mortgage Exception During Bankruptcy

"... if enacted, this bill will likely have the unintended effect of hurting the very group it is purported to help. Given the lack of options already facing many subprime borrowers today, I just don’t know how much I can get behind a bill that seems likely to further thin out the herd of available options even further."

This is one of those great instant-adversarial situations where those "already snagged" will naturally support the legislation because it offers them relief, even though if they were in the position of attempting enter the market, it would be bad for them. This is similar to how the mortgage interest deduction just makes homes more expensive for new buyers, though those who already own homes naturally wouldn't want to give up the write-off. Once again -- the government screwing things up. Can we just have a free market again, please?