I have been considered a bitter little man for stating out loud that lenders were absolutely not working in good faith with their borrowers. This was probably made worse by their sense that they would be helped if things got too severe. This article is some evidence, though we have to be careful about making anecdotes too strong. But the things this family says are just too much like what I have heard so many times from struggling borrowers to be garbage.
As of this writing 24% of mortgages in the US are larger than their collateral. I would like to see this broken down between owner-occupied and non-owner-occupied homes.
"Good faith" and "reasonable" are two of my favorite legal terms. They're real money makers.
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