http://www.60minuteloanmod.com LOAN MODIFICATION Hardship letter - IS IT RIGHT FOR ME? Free 60 Minute Loan Modification info CD <br /><br />As indicated in the summary table below, the FDIC’s Loan Modification Program is primarily based on<br />two principals:<br />1) Determining a payment the borrower can afford by multiplying the borrower’s gross monthly<br />income times the appropriate housing-to-income (HTI) ratio, less taxes and insurance to achieve a<br />minimum payment reduction of 10 percent, and<br />2) Protecting investors’ interests by requiring that the cost of the modification is less than the<br />estimated cost of foreclosure (the Net Present Value (NPV) floor).
