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Naca's proposals are based on an affordability budget not a percentage of your gross income, which actually can be a better payment to income ratio that what is provided in the new plan. The financial stabilty act does not wipeout your 2nd mortgage, the 2nd mortgage holder is given an incentive if they reduce the balance or eliminate the 2nd, if they are even participating in the plan. We are a Naca success story, at the time our Naca proposal was submitted to CW our proposed piti payment was 22% of gross, when our naca proposal was accepted and approved the piti was 27% of gross (hubby got more pay cuts after the proposal was submitted) that percentage resulted in a much lower payment than what the piti payment at 31% of gross would be under the new plan.