My story is complicated in that my first mortgage plus taxes and insurance add up to just under 31% of my gross income. So I am not eligible for the HAMP program. However, when I add up my second mortgage, it makes up 41% of my income. In addition, I have to support 3 children on my own, one of whom is in college. I am also slighly upside down on my mortgage because the house is worth $60,000 less than what I owe on it. The smart thing would be to walk away, but I don't want to mess up my credit. I should add that the first mortgage is in my ex-husband's name, so I stopped paying it. His credit is completely shot, and was already messed up before I stopped paying the mortgage. The second mortgage is in both our names, and it is current. I was told by Bank of America that they cannot lower my first mortgage because it's only 30.5% of my income. They offered me a modification that raised the first mortgage by $200 to cover the arrears on that mortgage. I have not signed that modification. I have emailed the BofA execs and am now working with a negotiator who says they can try to do something on the second mortgage, but can do nothing on the first. The interest rate on the first is 6%, and the second is 7.125%. Anyone here had any luck with a similar situation? Any advice would be appreciated.