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I am saying that the modification will work to get the mortgage payment on the first lien to the 31% target of the gross income..........

If at the beginning of the mod process.........your back end debt ratio is over the 55%.............then the servicer will recommend counseling as a part of the modification process.

__________________
Moe Bedard
Founder

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04-29-2009, 11:05 AM	#10 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: WaMu/Chase Mod Moving Forward I am saying that the modification will work to get the mortgage payment on the first lien to the 31% target of the gross income.......... If at the beginning of the mod process.........your back end debt ratio is over the 55%.............then the servicer will recommend counseling as a part of the modification process. __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.