It’s a good deal for the borrower. But, here’s the catch: lenders will no longer want to lend money for homes because a bankruptcy judge may use this “cramdown” power to, by the stroke of a pen, reduce the amount the borrower has to repay. Lenders will have to offset the risk of a “cramdown” by raising rates and tightening lending on the more than 90% of Americans paying their mortgages on time. In other words, if you acted responsibly – saved and sacrificed to buy a home you could afford – you now are being asked to give up a chunk of those savings for someone who was not as responsible.