Ulya, I have a minor in economics, I'm somewhat familiar with the yield curve. My question is - are you? Am I talking to you or your husband and his masters in finance here? If theory translated into fact, we would have nothing to worry about.
The point I was making was my 3:59 post: "the "cramdown" provision has long been available to investment property as well as vacation home owners, and we have not witnessed those people filing for bankruptcy in herds."