Once a homeowner is approved for permanent modification, what kind of debt load is he or she left with?

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The typical homeowner who got a permanent modification now has a mortgage payment equal to 31% of gross income.

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This modification is non-permanent and can be easily reversed.

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As of February the Home Affordable Modification Program had modified the loans of over 1 million homeowners, either on a trial or permanent basis, according to the U.S. Department of the Treasury and the Department of Housing and Urban Development.

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