CLIENT/BORROWER: Carlos H.
LENDER: Bayview Loan Servicing
ORIGINAL PAYMENT: $1,655.97
MODIFIED PAYMENT: $976.75
MONTHLY SAVINGS: $679.22
LIFE OF THE LOAN SAVINGS: $203,766.00
TERMS: The Client was approved for a Special Forbearance Modification. The Client will have a New Low Interest Rate of 2% for the life of the loan.
| CLIENT/BORROWER: Lorenzo H.
LENDER: Freedom Mortgage
ORIGINAL PAYMENT: $1,940.91
MODIFIED PAYMENT: $1,127.48
MONTHLY SAVINGS: $813.43
TERMS: The Client was approved for a Three Month Trial Modification. After client successfully completes trial modification program he can moved into a permanent modification.
| CLIENT/BORROWER: Karen P.
LENDER: GMAC
ORIGINAL PAYMENT: $1,456.00
MODIFIED PAYMENT: $1316.37
MONTHLY SAVINGS: $139.63
LIFE OF THE LOAN SAVINGS: $41,889.00
TERMS: The Client was approved for a Permanent Modification. The Client's Old Higher Interest Rate of 6.5% has been reduced to New Lower Interest Rate of 5%. She will have a New Low Interest Rate of 5% for the life of the loan.
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CLIENT/BORROWER: Lafyette S.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,214.35
MODIFIED PAYMENT: $957.50
MONTHLY SAVINGS: $256.85
LIFE OF LOAN SAVINGS: $77,055.00
SALE DATE: ON HOLD
TERMS: The Client was approved for a Permanent Modification. The Old Higher Interest Rate of 6.5% has been reduced to the New Lower Interest Rate of 5%. The Client was twenty months behind and owed a past due amount of $20,765.06. The past due amount is being rolled into the loan and four years.
| CLIENT/BORROWER: Mary M.
LENDER: Ocwen
ORIGINAL PAYMENT: $2,632.94
MODIFIED PAYMENT: $2,143.93
MONTHLY SAVINGS: $489.01
TERMS: The Client was approved for a Principal Reduction and a Five Year Step to Permanent Modification. The Client will have a New Lower Interest Rate of 3.82% for five years and then increase to 5% for the life of the loan.
| CLIENT/BORROWER: Jose J.
LENDER: AHMSI
ORIGINAL PAYMENT: $1,730.00
MODIFIED PAYMENT: $1,530.70
MONTHLY SAVINGS: $199.30
TERMS: The Client was approved for a Step Permanent Modification with Principal Reduction. The Client will have a New Low Interest Rate of 3% , then 4% ending at 4.69% for the life of the loan. The past due balance was $52,014.34 which has been lowered and rolled into the principal of the loan. The forgiven amount savings is $11,413.47. The client does not have to pay back the loan along with the lower interest rate making the home affordable.
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CLIENT/BORROWER: Cheryl H.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,1101.51
MODIFIED PAYMENT: $1,018.41
MONTHLY SAVINGS: $83.10
LIFE OF LOAN SAVINGS: $24,930.00
TERMS: The Client was approved for a Permanent Modification. The Client's Old Higher Interest Rate of 8% has been reduced to a New Lower Interest Rate of 5.250%.
| CLIENT/BORROWER: Russel H.
LENDER: Bank of America
ORIGINAL PAYMENT: $854.42
MODIFIED PAYMENT: $664.64
MONTHLY SAVINGS: $189.78
LIFE OF THE LOAN SAVINGS: $56,934.00
TERMS: The Client was approved for a Permanent Modification. The Client's Old Higher Interest Rate of 7% has been reduced to a New Lower Interest Rate of 5.5%. The past due amount of $20,434.20 has been placed onto the back of the loan.
| CLIENT/BORROWER: Billy O.
LENDER: Chase
ORIGINAL PAYMENT: $1,229.49
MODIFIED PAYMENT: $1,353.22
TERMS: The Client was approved for a Three Month Repayment Plan. Due to client's financials and escrow delinquency. The client was twenty four months behind. There is no sale date.
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CLIENT/BORROWER: Brad & Stacy
LENDER: Wells Fargo
ORIGINAL PAYMENT: $1,067.85
MODIFIED PAYMENT: $998.79
MONTHLY SAVINGS: $69.06
LIFE OF THE LOAN SAVINGS: $20,718.00
TERMS: The Client was approved for a Permanent Modification. The Client's Old Higher Interest Rate of 6.75% has been reduced to a New Lower Interest Rate of 5.125%.
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