CLIENT/BORROWER: Jeanette A.
LENDER: Sorveign Bank
ORIGINAL PAYMENT: $3,500.01
MODIFIED PAYMENT: $2,301.62
MONTHLY SAVINGS: $1,198.39
TERMS: The Client was approved for a Three Month Trial Modification.
| CLIENT/BORROWER: David A.
LENDER: AHSMI
ORIGINAL PAYMENT: $2,534.63
MODIFIED PAYMENT: $1,795.42
MONTHLY SAVINGS: $793.21
TERMS: The Client was approved for a Three Month Trial Modification while in review for a Permanent MHA (Making Homes Affordable) Program. The past due balance of $32,000 will be rolled into the back of the loan.
| CLIENT/BORROWER: Salvatore M.
LENDER: Bank of America
ORIGINAL PAYMENT: $2,973.75
MODIFIED PAYMENT: $1,522.82
MONTHLY SAVINGS: $1,450.93
TERMS: The Client was approved for a Three Month Trial Modification while in review for Permanent MHA (Making Homes Affordable) Program. The new lower payment has an interest rate of 2% and the life of the loan has been extended to 40 years.
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CLIENT/BORROWER: Garrett T.
LENDER: GMAC (2nd Mortgage)
ORIGINAL PAYMENT: $967.52
MODIFIED PAYMENT: $546.23
MONTHLY SAVINGS: $421.29
LIFE OF LOAN SAVINGS: $75,832.20
TERMS: The Client was approved for a Permanent Modification with a new lower interest rate of 4.375%
| CLIENT/BORROWER: Keith W.
LENDER: Flagstar
ORIGINAL PAYMENT: $2,585.69
MODIFIED PAYMENT: $1,293.00
MONTHLY SAVINGS: $1,292.69
TERMS: The Client was approved for a Three Month Trial Forbearance Modification. After first two payments are made the client can be reviewed for a permanent modification.
| CLIENT/BORROWER: Kimberly S.
LENDER: Sovereign Bank
ORIGINAL PAYMENT: $1,452.00
MODIFIED PAYMENT: $967.94
MONTHLY SAVINGS: $484.06
TERMS: The Client was approved for a Four Month Trial Modification. All four payments must be made while loan is permanent review. Payments are due on first of the month or before or the loan will be denied.
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CLIENT/BORROWER: Donna and Craig
LENDER: IndyMac
ORIGINAL PAYMENT: $1,631.18
MODIFIED PAYMENT: $1,586.74
MONTHLY SAVINGS: $44.44
LIFE OF LOAN SAVINGS: $13,332.00
TERMS: The Client was approved for a Permanent MHA (Making Homes Affordable) Modification. The Old Higher Interest Rate of 8.25% was reduced to a New Lower Interest Rate of 6%.
| CLIENT/BORROWER: Mohammad Y.
LENDER: AHMSI
ORIGINAL PAYMENT: $2,190.88
MODIFIED PAYMENT: $1,270.43
MONTHLY SAVINGS: $920.45
TERMS: The Client was approved for a Three Month Trial Modification.
| CLIENT/BORROWER: Amy D.
LENDER: AHMSI
ORIGINAL PAYMENT: $1,271.50
MODIFIED PAYMENT: $1,083.58
MONTHLY SAVINGS: $187.92
TERMS: The Client was approved for a Five Year Step Modification. The New Lower Interest Rate of 3% will apply for the first five years of the loan. Then 4% interest the sixth year to 5% interest rate the seventh year. It will cap at 5.07% for the life of the loan.
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CLIENT/BORROWER: Michelle P.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,155.42
MODIFIED PAYMENT: $1,008.12
MONTHLY SAVINGS: $147.30
LIFE OF LOAN SAVINGS: $44,190.00
SALE DATE: POSTPONED
TERMS: The Client was approved for a Permanent Modification. The Client had a past due balance of $6,735.72 and the sale date has been postponed.
| CLIENT/BORROWER: Jennifer C.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,870.54
MODIFIED PAYMENT: $1,450.78
MONTHLY SAVINGS: $419.76
LIFE OF LOAN SAVINGS: $125,928.00
TERMS: The Client was approved for a Permanent Modification. The Old Higher Interest Rate of 8.25% has been reduced to the New Lower Interest Rate of 6%.
| CLIENT/BORROWER: Cheryl L.
LENDER: AHMSI
ORIGINAL PAYMENT: $2,745.52
MODIFIED PAYMENT: $2,097.62
MONTHLY SAVINGS: $647.90
TERMS: The Client was approved for a Three Month Trial Modification.
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CLIENT/BORROWER: Kathy E.
LENDER: ASC
ORIGINAL PAYMENT: $605.83
MODIFIED PAYMENT: $453.85
MONTHLY SAVINGS: $151.98
LIFE OF LOAN SAVINGS: $45,594.00
TERMS: The Client was approved for a Permanent Modification. The Old Higher Interest Rate of 10.75% has been reduced to a New Lower Interest Rate of 7%.
| CLIENT/BORROWER: Yasmin B.
LENDER: Bank of America
ORIGINAL PAYMENT: $2,375.60
MODIFIED PAYMENT: $1,781.70
MONTHLY SAVINGS: $593.90
TERMS: The Client was approved for a Three Month Trial Modification. Trial payments must be made on time as the loan is in review during this period for permanent modification.
| CLIENT/BORROWER: Craig C.
LENDER: Street Bank
ORIGINAL PAYMENT: $2,580.63
MODIFIED PAYMENT: $2,448.00
MONTHLY SAVINGS: $132.63
LIFE OF THE LOAN SAVINGS: $39,789.00
TERMS: The Client was approved for a Permanent Modification. The Old Higher Interest Rate of 6.5% has been reduced to a New Lower Interest Rate of 5.5% for the life of the loan.
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CLIENT/BORROWER: Lisa and Chris
LENDER: Citimortgage
ORIGINAL PAYMENT: $2,536.41
MODIFIED PAYMENT: $2,432.84
MONTHLY SAVINGS: $103.57
TERMS: The Client was approved for a Re Payment Plan. The New Higher Interest Rate of 5% will be good for the life of the loan and the $28,000 is being absorbed into the loan and the client will be current when they make their first payment on 6/1/2010 of the new agreement.
| CLIENT/BORROWER: Michael G.
LENDER: Bank of America
ORIGINAL PAYMENT: $751.02
MODIFIED PAYMENT: $408.26
MONTHLY SAVINGS: $342.78
LIFE OF LOAN SAVINGS: $102,834.00
SALE DATE: 5/25/2010 Postponed
TERMS: The Client was approved for a Permanent Modification and the sale date of the home has been postponed. A new loan term of 360 payments have been reached. The Old Higher Interest Rate of 7.7% has been reduced to a New Lower Interest Rate of 5.375% for the life of the loan.
| CLIENT/BORROWER: Amataga T.
LENDER: Bank of America
ORIGINAL PAYMENT: $4,260.51
MODIFIED PAYMENT: $3,896.39
MONTHLY SAVINGS: $364.12
TERMS: The Client was approved for a Trial MHA (Making Homes Affordable) Modification. The Client was fifteen months behind owing a past due balance of over $65,000.
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CLIENT/BORROWER: William T.
LENDER: GMAC (2nd Mortgage)
ORIGINAL PAYMENT: $491.35
MODIFIED PAYMENT: $320.54
MONTHLY SAVINGS: $170.81
LIFE OF LOAN SAVINGS: $25,621.50
TERMS: The Client was approved for a Permanent Modification. The Original Higher Interest Rate of 8% has been reduced to a New Lower Interest Rate of 5%.
| CLIENT/BORROWER: Luc M.
LENDER: Nation Star
ORIGINAL PAYMENT: $1,388.52
MODIFIED PAYMENT: $1,068.42
MONTHLY SAVINGS: $320.10
TERMS: The Client was approved for a Permanent Step Modification. The Old Higher Interest Rate was reduced to a New Low Interest Rate of 3% gradually climbing up to a final interest rate of 4.875% for the life of the loan.
| CLIENT/BORROWER: Michelle K.
LENDER: National City
ORIGINAL PAYMENT: $2,065.00
MODIFIED PAYMENT: $1,621.72
MONTHLY SAVINGS: $443.28
TERMS: The Client was approved for a Special Forbearance to Permanent Modification. Five Months of interest reduced payments with a reduced interest rate of 4.75%. Payments need to be made along with a letter of consent or reaffirmation from bankruptcy attorney. The principal balance will absorb the past due balance in the permanent modification.
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