Have You Heard You Don't Qualify for the HAMP Program Due to Your NPV? Well Here is a Explaination for Borrowers on What that Is

``Participating lenders are supposedly required to use the NPV test on each loan that is at risk of default or at least 60 days delinquent. This test decides if the lender, when making the consideration of the DTI(debt to income ratio of 31%, ) will make more money by foreclosing and selling the home or by modifying it. If the NPV shows a positive return, regardless of the amount for the investor, they must modify''