[Murray12]

I wouldn't be afraid of "upsetting the bank". It seems the squeaky wheel gets the grease. This is from efanniemae.com...

HomeSaver Forbearance
HomeSaver Forbearance is a new loss mitigation option available to borrowers that are either in default or for whom default is imminent and who do not qualify for the HAMP. A servicer should offer a HomeSaver Forbearance if such borrowers have a willingness and ability to make reduced monthly payments of at least one-half of their contractual monthly payment. The plan should reduce the borrower’s payments to an amount the borrower can afford, but no less than 50 percent of the borrower’s contractual monthly payment, including taxes and insurance and any
Announcement 09-05R Page 31
other escrow items at the time the forbearance is implemented. During the six month period of forbearance, the servicer should work with the borrower to identify the feasibility of, and implement, a more permanent foreclosure prevention alternative. The servicer should evaluate and identify a permanent solution during the first three months of the forbearance period and should implement the alternative by the end of the sixth month.

So they are basically saying you don't qualify for the modification. I would ask them why. I would also call Hope Now. I know people aren't fans of them, but I thought they were very helpful.