Will mortgage companys lower mortgage levels to current appraised values ?I heard some mortgage companies are doing this if you are way behind on your mortgage and you are underwater. But do they do this on request for people who are current but underwater? I do not want to short sell just get rid of a big chunk of mortgage. (This is not FHA or FannyMae/Freddie Mac mortgage)March 05 2012 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.