Do you have NPV test excel file rate floor with 2%?

[huz715]

found FDIC one, rate floor is 3%.

is there any one have NPV test excel file rate floor is 2%?

need to figure out how much income I should have .


thanks in advance!

huz

[hope67]

Originally Posted by huz715

found FDIC one, rate floor is 3%.

is there any one have NPV test excel file rate floor is 2%?

need to figure out how much income I should have .


thanks in advance!

huz

If you are referring to the NPV test worksheet, you need to manually change the floor rate to 2%.

[hope67]

There is a lot of info regarding the NPV test in this thread:

NPV Worksheet

[davephx]

But that is NOT what is being used for HAMP which is totally secret which many are upset with since no transparency.

[hope67]

Originally Posted by davephx

But that is NOT what is being used for HAMP which is totally secret which many are upset with since no transparency.

I did the calculation using the NPV worksheet, I did arrive to the same trial payment amount BOA offered me..

[huz715]

Thanks all!

that worksheet works.
I got similar result with BOA too when BPO price is little bit lower .


Actually i had really bad feel about this NPV test,
hope Friends here can suggest goverment change it
if they really want to save house market.

1. it benefit to bank more, think borrower less.
borrower invest plenty downpayments ,
why so easy let them do"short sale".
goverment should do more for borrower, not only for bank

2. it is only consider first loan,
didn't incldue second loan when caculate forclosure,
if first loan is not under water, hard to pass.
govermnent only benefit fist bank,
forgot second bank is their favorite too.


thanks!

huz