The key component in this scenario is that the owner (debtor) is taking 100% of the value decrease, while the mortgage lender is taking a 0% decrease. In the e

The key component in this scenario is that the owner (debtor) is taking 100% of the value decrease, while the mortgage lender is taking a 0% decrease. In the event we implemented a market-wide adjustment, presumably we'd suspend business-as-usual to more evenly allocate that through the transition.