HAMP Income Calculation Worksheet
Prepared By:
I. Borrower and Property Information
Loan Number:___________________________________________________
Borrower Name:__________________________________________________
Income Type: Calculation Method:
Borrower: S/E Wage Other YTD Weekly Bi-Wk Semi-Mo Annual
Co-Borrower: S/E Wage Other YTD Weekly Bi-Wk Semi-Mo Annual
Non-Borrower: S/E Wage Other YTD Weekly Bi-Wk Semi-Mo Annual
II. Monthly Income
Borrower: Co-Borrower #1 Co-Borrower #2 TOTAL
Base Income:
$ $ $ $
Other Income:
$ $ $ $
TOTAL Income:
$ $ $ $
III. Detailed Summary of Monthly Income Calculation
Borrower Co-Borrower #1 Co-Borrower #2 Verified
(Y/N)? Document Used to Verify Date of Document
Employment: $ $ $
Self-Employment: $ $ $
Social Security: $ $ $
Child Support: $ $ $
Alimony: $ $ $
Pension: $ $ $
Disability: $ $ $
Survivor Benefits: $ $ $
Rental Income: $ $ $
Unemployment: $ $ $
Public Assistance: $ $ $
Misc/Other Income (Detail below):
Source Description
Borrower Co-Borrower #1 Co-Borrower #2
Verified (Y/N)? Document Used to Verify Date of Document
$ $ $
$ $ $
$ $ $
$ $ $
$ $ $
IV. Servicer Explanation of Income Calculation (Please show calculations, assumptions and methodology)
CLICK HERE FOR THE HAMP INCOME CALCULATION WORKSHEET

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Hi anna
thank you . I already was approved by the HAMP but now the bank wants to deny as I was late to pay one payment in dec but paid it in jan with jan payment.
I had atrial from July to sep and approved another one from oct – sep 2012. some how they donta want to refiance or midfy permantely..
I want to do a modification or refinance to lower interest rate
Help me out
Thanks
fiona
Hi Fiona,
I am sorry you are going thru all of this…it’s a tough sutuation due to not making tgat last payment untilthe NEXT month.
Did you make the first 3 trial payments on time?
The guideline states you must pay the trial no later than the last day of the month of trial period.
What was the reason for both the 2nd trial period and the late payment?
Blessings,
Anna
Hi Anna
yes I made all the first three trial payments via western union on time.
The second trial was beacuse I had to be recertified for unemployment or the extension letter and the late payment was i was sick
and could make an online payment but they only take payments over the phone .
I am going to continue paying the hamp payments what should I do next ??
should I call and ask why they say I dont qualify ?? give me how they came up with the figure
How do I get a permanent modification?
best wishes and god bless u for your time and work and u
Fiona