The Home Affordable Modification Program main provision is that the modified mortgage payment will not exceed _______ percent of their verified monthly gross (pre-tax) income.
A) 29
B) 31
C) 36
D) 41

Question

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The Home Affordable Modification Program (HAMP) was designed to help homeowners avoid foreclosure by modifying loans to a level that is affordable for borrowers now and sustainable over the long term. The main provision is that the modified mortgage payment will not exceed 31 percent of their verified monthly gross (pre-tax) income.

The Home Affordable Modification Program Main Provision Is That the Modified