CLIENT/BORROWER: Jimmy A.
LENDER: Wells Fargo
ORIGINAL PAYMENT: $3,006.47
MODIFIED PAYMENT: $2,411.04
MONTHLY SAVINGS: $595.43
TERMS: The Client is approved for special forbearance trial for 7/2, 8/2, 9/2 and 10/2/2010. Upon completion will be reviewed for permanent modification.
| CLIENT/BORROWER: Daniel S.
LENDER: CitiMortgage
ORIGINAL PAYMENT: $3,085.58
MODIFIED PAYMENT: $1,856.94
MONTHLY SAVINGS: $1,228.64
TERMS: The Client was approved for a Permanent Step Modification. The Client's original higher interest rate of 6.375% is reduced to new lower interest rate of 2% for five years, 3% for sixth year, 4% for seventh year and will cap out at 5% after the eighth year. Client already accepted modification and is making payments.
| CLIENT/BORROWER: Joseph H.
LENDER: RCS
ORIGINAL PAYMENT: $1,149.00
MODIFIED PAYMENT: $983.84
MONTHLY SAVINGS: $165.16
TERMS: The Client is approved for three month trial modification. Past due balance will be moved to the back of the loan and new interest rate set when permanent modification is approved after trial modification is successfully completed.
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CLIENT/BORROWER: John M.
LENDER: Bank of America
ORIGINAL PAYMENT: $839.43
MODIFIED PAYMENT: $897.05
SALE DATE: 6/18/2010 (ON HOLD)
TERMS: The Client was approved for a Modification. The Client was seventeen months behind owing $19,079.45 and had an escrow shortage of around $2,000. Client already accepted modification and is making payments.
| CLIENT/BORROWER: Ruth A.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,921.74
MODIFIED PAYMENT: $1,514.58
MONTHLY SAVINGS: $407.16
LIFE OF LOAN SAVINGS: $122,148.00
TERMS: The Client was approved for a Permanent Modification. The Client's original higher interest rate of 5.87% is reduced to new lower interest rate of 5.375%. The past due balance of $16,743.91 is to placed at the end of the loan.
| CLIENT/BORROWER: Donald W.
LENDER: Wachovia
ORIGINAL PAYMENT: $1,627.00
MODIFIED PAYMENT: $1,233.53
MONTHLY SAVINGS: $393.47
TERMS: The Client was approved for a Three Month Trial Special Forbearance. The Client will be reviewed for permanent modification after successfully completing three month trial.
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CLIENT/BORROWER: Andrea C.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,549.81
MODIFIED PAYMENT: $1,582.82
TERMS: The Client was approved for a Permanent Modification. The Client's Original Higher Interest Rate of 6.375% has been reduced to the New Lower Interest Rate of 5.25%. The payment went up $33.01 but the $25,000 the client owed is being rolled into the back of the loan.
| CLIENT/BORROWER: Daniel S.
LENDER: Bank of America 2nd mortgage
ORIGINAL PAYMENT: $2,053.94
MODIFIED PAYMENT: $1,567.29
MONTHLY SAVINGS: $486.65
LIFE OF LOAN SAVINGS: $145,995.00
TERMS: The Client was approved for a Permanent Modification. The Old Higher Interest Rate of 6.375% was reduced to the new Lower Interest Rate of 5.75%.
| CLIENT/BORROWER: Betty F.
LENDER: Nationstar
ORIGINAL PAYMENT: $1,294.73
MODIFIED PAYMENT: $1,066.61
MONTHLY SAVINGS: $228.12
TERMS: The Client was approved for a Five Year to Permanent Modification. The Original Higher Interest Rate of 7.625% has been reduced to the New Lower Interest Rate of 4.25%. After five years the interest rate will go to 4.75% for the life of loan. Client already accepted modification and is making payments.
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CLIENT/BORROWER: Laura H.
LENDER: Benefinancial
ORIGINAL PAYMENT: $1,580.95
MODIFIED PAYMENT: $1,235.64
MONTHLY SAVINGS: $345.31
TERMS: The Client was approved for a Six Month Modification. The Old Higher Interest Rate of 7.43% has been reduced to the New Lower Interest Rate of 5.25%.
| CLIENT/BORROWER: James C.
LENDER: Wells Fargo
ORIGINAL PAYMENT: $1,148.71
MODIFIED PAYMENT: $1,203.15
TERMS: The Client was approved for a Special Forbearance Modification. The Client was originally turned down for modification due to income. The file was reopened and approved for a repayment plan special forbearance putting the full past due amount on the back of the loan.
| CLIENT/BORROWER: Valvetta Y.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,309.75
MODIFIED PAYMENT: $1,144.67
MONTHLY SAVINGS: $165.08
LIFE OF LOAN SAVINGS: $49,524.00
TERMS: The Client was approved for a Permanent Modification. The Client was thirteen months behind on their mortgage payments. The Original Higher Interest Rate of 6% was reduced to the New Lower Interest Rate of 5.50% for the life of the loan. The Client accepted and is now current in their mortgage.
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CLIENT/BORROWER: Timothy W.
LENDER: Bank of America
ORIGINAL PAYMENT: $2,176.69
MODIFIED PAYMENT: $2,235.24
TERMS: The Client is approved for a permanent modification. The Client was twenty five months behind owing the lender a past due balance of $54,417.25. The life of the loan has been extended for two years to repay the past due amount and to keep the payment where the client can afford it. The Old Higher Interest Rate of 7% has been reduced to the New Lower Interest Rate of 5.25% permanent.
| CLIENT/BORROWER: Donald W.
LENDER: Wachovia
ORIGINAL PAYMENT: $1,627.00
MODIFIED PAYMENT: $1,233.53
MONTHLY SAVINGS: $393.47
TERMS: The Client was approved for a Three Month Trial Forbearance Modification. The Client needs to make these payments in good faith for the trial period in order to be reviewed for a permanent modification.
| CLIENT/BORROWER: John M.
LENDER: Bank of America
ORIGINAL PAYMENT: $839.43
MODIFIED PAYMENT: $897.05
TERMS: The Client was approved for a Permanent Modification. The Client was seventeen months behind owing a past due balance of $19,079.45 with an escrow shortage of $2,000. The Client accepted the modification and is now current in his loan.
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CLIENT/BORROWER: Kent M.
LENDER: AHMSI
ORIGINAL PAYMENT: $1,857.01
MODIFIED PAYMENT: $1,762.55
MONTHLY SAVINGS: $94.96
LIFE OF THE LOAN SAVINGS: $28,488.00
TERMS: The Client was approved for a Permanent Modification. The Client was fifteen months past due owing a past due balance of $29,314.39. The Old Higher Interest Rate of 7% has been reduced to a New Lower Interest Rate of 4.15% capping out at 4.72% for the life of the loan.
| CLIENT/BORROWER: Tom and Laurie H.
LENDER: Beneficial (2nd Mortgage)
ORIGINAL PAYMENT: $229.98
MODIFIED PAYMENT: $128.93
TERMS: The Client was approved for a Six Month Modification. The Old Higher Interest Rate of 12.29% has been reduced to a New Lower Interest Rate of 3.46996%. After successfully completing five of the six month plan, client will be reviewed for eighteen month extension.
| CLIENT/BORROWER: Robert S.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,183.00
MODIFIED PAYMENT: $1,149.85
MONTHLY SAVINGS: $33.15
TERMS: The Client was approved for a Permanent Modification. The Original Higher Interest Rate of 6.75% was reduced to the New Lower Interest Rate of 5.25%. The first payment is not due until September and will remain the same for the life of the loan.
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