Waiting on a loan modification? Those who put large down payments may be dissapointed

If you are making less money now than when you purchased your home a few years ago and wanted to refinance to enjoy lower rates, but are self employed, you may be finding that hard to accomplish.
Here is the scenario:
You bought a home, in 2006, that you could afford, and you put down over 20%, and you thought the interest only product for 10 years, sounded good. Now, you are having a lack luster year as a self employed individual. Your property values have plummeted. You contact your bank because you have heard that President Obama is trying to help homeowners who have high interest only rates and cannot afford their payments. You are told that each case is looked at individually and if you send in all the paperwork, you may get a loan modification or other help from the "Make Homes Affordable Program". You wait 30 days, then 60 days and you keep getting calls from people that have NO information for you, but just want to tell you, "We are still working on your individual case". At least these people have jobs.
You finally ask more questions and realize this:
Because you put down a large down payment, over 20%, and now have a principal amount, which is significantly less than you paid for the house, you will not be helped like the homeowner who paid little or nothing down on an interest only loan.
The bank IS reviewing the files exactly on the same criteria,across the board!!!! What is your current home value compared to your current principal mortgage balance . They are not looking at what you paid on the home initially, and how much you have already lost on the property.
Yes, they look at debt /income ratios but I feel the investors are not distinguishing between how much the homeowners have already sunk into their homes.
I feel that this is an inequity, punishing homeowners for actually putting money into their homes !!