Thank you Moe for this site it is a wealth of info. After prequalifying for the HAMP program and after four months of making the trial period payments I received a letter to notify me that the modification was denied. I immediately called Citi to verify and find out why I was denied. They told me that the reason is that when the rep was taking down my financial info over the phone he used my NET salary instead of gross salary to preapprove me. Also, they told me that if I made just a few dollars less, I would have qualified for the HAMP. So now I am $2500 behind on my mortgage payments (never been late before, ever!) and being charged delinquency fees ($15/month). Since I have suffered a loss in pay I certainly don't have the money to pay $2500. Now what do I do? Will they now review my loan for a Traditional Mortgage? I am really getting scared now.