Has anyone done a mortgage loan modification under the Hope for Homeowners Act?

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I would hate to see people get a principal write-down. I'm sorry, but it makes no sense. Those of us who are not behind on our mortgage, but are upside down, do not get a write down. Where's the incentive for me to stay in my home and pay? I'm all for freezing interest rates to they original amount and extending mortgages to 40 years, but if the rest of us have to pay the full amount then anyone else who signed a mortgage note should too. You pay, you stay.