CLIENT/BORROWER: Zaheer K.
LENDER: Bank of America
ORIGINAL PAYMENT: $4,339.73
MODIFIED PAYMENT: $1,005.20
MONTHLY SAVINGS: $3,334.53
TERMS: The Client was approved for a Ten Year Modification. The Client was fourteen months behind owing $49,648.65. The new payment of $1,005.20 will be good for first year. Interest Rate will increase yearly until the tenth year at 8%.
| CLIENT/BORROWER: Wayne C.
LENDER: Beneficial
ORIGINAL PAYMENT: $3,870.42
MODIFIED PAYMENT: $2,270.83
MONTHLY SAVINGS: $1,599.59
LIFE OF LOAN SAVINGS: $575,852.40
TERMS: The Client was approved for a Permanent Modification. The Old Higher Interest Rate of 8.50% has been reduced to the New Lower Interest Rate of 5.25%.
| CLIENT/BORROWER: Georgi K.
LENDER: Wells Fargo
ORIGINAL PAYMENT: $2,047.00
MODIFIED PAYMENT: $1,511.95
MONTHLY SAVINGS: $535.05
TERMS: The Client was approved for a Five Year MHA (Making Homes Affordable) Modification. The Old Higher Interest Rate of 8.9% has been reduced to the New Lower Interest Rate of 2.875%. When five year trial period is successfully completed, the past due balance will be deferred to the back of the loan and interest rate will increase by 1% per year until reaching 5.25%, then will remain the same for the life of the loan.
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CLIENT/BORROWER: Patti S.
LENDER: Ocwen
ORIGINAL PAYMENT: $1,865.44
MODIFIED PAYMENT: $917.11
MONTHLY SAVINGS: $948.33
TERMS: The Client was approved for HAMP Modification. The Old Higher Interest Rate of 7.84% has been reduced to the New Lower Interest Rate of 2%.
| CLIENT/BORROWER: Dean & Shannon P.
LENDER: Wells Fargo
ORIGINAL PAYMENT: $2,050.00
MODIFIED PAYMENT: $1,885.52
MONTHLY SAVINGS: $164.48
TERMS: The Client was approved for a Three Month Trial Government Modification back. Payments must be made on time and in certified funds.
| CLIENT/BORROWER: Arturo A.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,917.24
MODIFIED PAYMENT: $1,550.00
MONTHLY SAVINGS: $367.24
TERMS: The Client was approved for Three Month Trial MHA (Making Homes Affordable) Modification. The Client is to continue making trial payments until permanent modification paperwork comes in.
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CLIENT/BORROWER: Cheryl and Eric E.
LENDER: Ocwen
ORIGINAL PAYMENT: $1,898.58
MODIFIED PAYMENT: $1,309.20
MONTHLY SAVINGS: $510.38
TERMS: The Client was approved for a Three Month Trial Modification. The Client's interest rate was reduced to 5%.
| CLIENT/BORROWER: Jessica C.
LENDER: Ocwen
ORIGINAL PAYMENT: $2,128.50
MODIFIED PAYMENT: $1,867.64
MONTHLY SAVINGS: $260.86
TERMS: The Client was approved for a Traditional Modification. Original Higher Interest Rate of 7.925% was reduced to New Lower Interest Rate of 5.625%.
| CLIENT/BORROWER: Gwen and Steven
LENDER: Nation Star
ORIGINAL PAYMENT: $870.00
MODIFIED PAYMENT: $505.31
MONTHLY SAVINGS: $364.69
SALE DATE: Stopped
TERMS: The Client was approved for Five Year Step Modification. Interest Rate of 3.25% will be charged on unpaid principal balance from May 2010 until April 2015. Then Interest Rate will increase to 4.25% from May 2015 until April 2016. In May of 2016 the interest rate will go to 5% remaining that for the life of the loan and escrow will be due.
When five year trial period is successfully completed, the past due balance will be deferred to the back of the loan and due on the date of February 2038 (the maturity date of the loan).
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CLIENT/BORROWER: Deanna D.
LENDER: Flag Star
ORIGINAL PAYMENT: $1,385.95
MODIFIED PAYMENT: $1,385.95
SALE DATE: June 8, 2010 (Postponed)
TERMS: The Client was approved for a Trial Three Month to Pre Approved Permanent Modification. The Client must make all three payments in form of certified funds for permanent modification to go through. The payment will go lower with permanent modification.
| CLIENT/BORROWER: Theresa C.
LENDER: Ocwen
ORIGINAL PAYMENT: $1,787.79
MODIFIED PAYMENT: $1,466.31
MONTHLY SAVINGS: $321.48
TERMS: The Client was approved for a Ten Year Modification. The Old Higher Interest Rate of 6.94% has been reduced to the New Lower Interest Rate of 5.95% until 4/17/2010. The payment will increase to $1,763.53 on 5/16/2020 and stay at that for the life of the loan.
| CLIENT/BORROWER: Sharon & Kenneth
LENDER: Round Point Mortgage
ORIGINAL PAYMENT: $821.40
MODIFIED PAYMENT: $656.00
MONTHLY SAVINGS: $165.40
TERMS: The Client was approved for a Three Month Trial Modification. Down Payment of $656 due April 15th, first trial modification payment due June 15th. Upon successfully completing trial modification the past due balance will be rolled to the back of the loan and the interest rate adjusted.
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CLIENT/BORROWER: Fate B.
LENDER: Citimortgage
ORIGINAL PAYMENT: $1,131.00
MODIFIED PAYMENT: $1,016.03
MONTHLY SAVINGS: $114.97
TERMS: The Client was pre-approved for a Supplemental Modification. The Client was reduced to interest rate of 5.95%.
| CLIENT/BORROWER: Ronald M.
LENDER: Chase
ORIGINAL PAYMENT: $1,035.00
MODIFIED PAYMENT: $978.85
MONTHLY SAVINGS: $56.15
TERMS: The Client was approved for a forbearance to modification. The Client was five months behind.
| CLIENT/BORROWER: Nathaniel & Mary
LENDER: Homecomings
ORIGINAL PAYMENT: $2,878.00
MODIFIED PAYMENT: $2,321.85
MONTHLY SAVINGS: $556.15
TERMS: Approved for three month trial modification.
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