Effectiveness of Loan Modification

White House requested the Dept. of Treasury to submit a report regarding the aspect of Loan Modification that are unclear to most, including the White House. Although, there are numerous requirements that a homeowner is suppose to submit to the bank with their loan modification application, the idea of how a home owner is suppose to come up with these requirements is unknown, even to the banks. What is a net present value of your home? What does that suppose to mean??????????????????? Why is your application denied? Even the bank does not know, that is why they do not tell you when denying your application, as to the reasoning behind their denial. In any event, it would be interesting to see what the Treasury reports, they have until February 18, 2010 to come up with a response.