I think you are over-thinking this problem.

Look at the drawing above. It doesn't matter what are the values of Vbb, RB and RE.
As long as the diode current exceeds a certain threshold value, the voltage across the diode will be 0.7V, give or take 0.1V, especially for the base-emitter junction of a small signal silicon transistor operating in the linear region.
The point of negative feedback from the emitter resistor is that it is a self regulating mechanism, like a governor speed control mechanism.
In this case the current in RE will be hFE times the current in RB (with regards to a BJT). Hence when Vb tries to increase, VE increases to oppose Vb, hence the stabilizing effect.

Look at the drawing above. It doesn't matter what are the values of Vbb, RB and RE.
As long as the diode current exceeds a certain threshold value, the voltage across the diode will be 0.7V, give or take 0.1V, especially for the base-emitter junction of a small signal silicon transistor operating in the linear region.
The point of negative feedback from the emitter resistor is that it is a self regulating mechanism, like a governor speed control mechanism.
In this case the current in RE will be hFE times the current in RB (with regards to a BJT). Hence when Vb tries to increase, VE increases to oppose Vb, hence the stabilizing effect.