As usual 12News Phoenix continues there great series about the problems of HAMP.
Friday 3/5/10 featured desperate women trying to get a B of A HAMP.
She had a $250,000 value and a $275,000 mortgage. But it was implied and the point of the segment was she was not far enough underwater to qualify.
Obviously this is the Net Present Value test problem but wasn't directly mentioned. BofA said she didn't qualify for HAMP but would consider for inhouse... sure....