Loan Modification hardship

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As indicated in the summary table below, the FDIC’s Loan Modification Program is primarily based on
two principals:
1) Determining a payment the borrower can afford by multiplying the borrower’s gross monthly
income times the appropriate housing-to-income (HTI) ratio, less taxes and insurance to achieve a
minimum payment reduction of 10 percent, and
2) Protecting investors’ interests by requiring that the cost of the modification is less than the
estimated cost of foreclosure (the Net Present Value (NPV) floor).