HAMP Waiver Eliminates Trial Period Restart Rule

``The new rule will no longer require that the trial period be restarted if the borrower understates income, regardless of amount. If the other conditions of HAMP are satisfied, the borrower can proceed to permanent status. The monthly payments under the permanent modification will be adjusted to reflect the higher verified income, but the borrower does not have to make up for any "shortfall" in respect of the lower trial period payments that were made. I can confirm that the borrower's HAMP eligibility (31% DTI) will still be tested based on the higher verified income. I already tried that one.''