Our Client, Leonard, just received a 2% HAMP Loan Modification from IndyMac. He was 2 months behind when he came to us. Leonard had lost his job and had to get a new low paying job. He was renting out rooms and getting help from family members to help pay his mortgage. But the $3,986 monthly mortgage payment was just too much. We were able to negotiate Leonard into a government HAMP loan modification with IndyMac. His new payment is $1,842 with a 2% stepped rate loan that caps at 3.875%. Thats a $2,144 monthly saving!