The Obama Administration's Loan Modification program will provide a reduction in the mortgagea loan payments of thousands of Cheney, Medical Lake, and Davenport, Washington homeowners. Monthly installments will now be equal to or less than 31% of the gross monthly income of the household (including taxes, insurance and homeowner association dues). Cheney, Medical Lake, and Davenport, Washington homeowners should immediately see if you qualify for the Obama Federal loan modification plan, and learn how to calculate your debt ratio yourself. It is very important to know the requirements for qualifying for President Obama's Loan Modification Plan. The best chance of (4 comments)