Mortgagees who aren't technically underwater (but no longer have at least 20% loan-to-value equity), who have very good credit, have been steadily employed and could legitimately be considered "low risk" consumers, should be allowed to easily and at no or nominal out-of-pocket cost to refinance to a lower mortgage interest rate. These would be people who don't qualify for HARP 2.0 because they aren't underwater or their current loan originated after May 2009. This group has been unfairly overlooked by the Federal government and the banking industry.
These "healthy" citizens are in the best position to help stimulate economic growth. Accessing lower rates will put more discretionary funds in their pockets each month to spend on other goods and services, not given to the wealthy banks.