Why Many Home Loan Modifications Fail

Voltron says: to get a permanent mod, you must prove yout income so all the people with "liar" (i.e. stated income) loans won't qualify. The applicant's income and appraised house value must be "goldilocks" (not too low, not too high).

http://www.nytimes.com/2009/12/04/business/economy/04norris.html