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Originally Posted by davephx  Yes that is why so many are upset about the lack of transparency in the NPV test.
I believe the servicers are now on the 3rd update to the NPV. Folks have to be retested on latest version at the end of the trial as I recall. With Treasury wanting to push more modifications and falling behind on the goal to help so many (already funded) I would hope the later versions would make passing more likely. But no one knows. |
But the odd thing is, when I enter my income, amount owed on the home and what the home would go for in foreclosure or short sale, of which SPS stated to be 379,000.00, into the FDIC calc., I get the same payment within a few dollars of what they quoted me as my payments. So this calc can't be too far off the mark, no?
The new ver. was to be used starting on the 1st of this month, My letter was dated on the 6th. On the 5th they called me to tell me everything was great and on track for the modification.
