Does anyone know????? - Loan Modification Forum

DICEMAN · 09-30-2009, 03:19 PM

Under the MHA program: 31% of your gross monthly income makes your modified payment. This is principal, interest, real estate taxes, and insurance. What about PMI, is that extra or included?????

ama125 · 09-30-2009, 03:31 PM

Actually, the PMI is only calculated in the back-end DTI. The 31% payment only includes PITIA. See the guidelines, page 4: http://www.treas.gov/press/releases/...guidelines.pdf

09-30-2009, 03:19 PM	#1 (permalink)
DICEMAN Member Join Date: Sep 2009 Posts: 19 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Does anyone know????? Under the MHA program: 31% of your gross monthly income makes your modified payment. This is principal, interest, real estate taxes, and insurance. What about PMI, is that extra or included?????

09-30-2009, 03:31 PM	#2 (permalink)
ama125 Senior Member Join Date: Jun 2009 Location: Reading, PA Posts: 1,503 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Does anyone know????? Actually, the PMI is only calculated in the back-end DTI. The 31% payment only includes PITIA. See the guidelines, page 4: http://www.treas.gov/press/releases/...guidelines.pdf

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode