For the first time in human history, people can act together in this regard. The internet enables it.
If you think about it, before the internet, no one wanted to risk court appearances and/or jail. Individuals stood alone, and could be singled out by the system. That has been inverted. Any one bank is smaller than the internet.
Even if 15% more of mortgage payers don't pay on a certain date, that will clog up the collection system. And if you neighbor gets away without paying you won't pay either.
This is pure bullshit.
If you took on the note and you are employed, then why would you refuse to pay? Because your a scumbag.
Now, if you are laid of, or if you can't work due to an sickness or something of that nature and the Banks will not work with you, then sure, play this game.
What's next....Hey, fuck it, I bought a Hummer, BMW, MERCEDES, AUDI, FORD, Et I can't afford...so Fuck it.....I'm not paying.
I'm no friend of the Mega Banks. But 50% of the problem are the people who signed those notes.....
So, what because my neighbor does X, then that means I can do X, I should Do X? Fucking Lemmings.