The three months current is going to be where they get totally slippery. Of course if this goes thru it benefits the banks and the writers and they get clean paper and the fees, but the deadwood will still fail to pay their mortgages. Gimmick for the most part.
Three months current is probably to weed out those in the first stages of foreclosure.
And you are right, there will be a wind fall for servicers in fees, again. Just like the HAMP/HARP scam.