October 1, 2009
CLIENT/BORROWER: Eric and Maya
LENDER: Countrywide
ORIGINAL PAYMENT: $2,304.65
MODIFIED PAYMENT: $1,403.96
MONTHLY SAVINGS: $900.69
TERMS: Approved for President Obama HAMP Program
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October 1, 2009
CLIENT/BORROWER: Donette
LENDER: Bank of America
ORIGINAL PAYMENT: $1,767.77
MODIFIED PAYMENT: $705.44
MONTHLY SAVINGS: $1,062.33
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $3,186.99
TERMS: Three Month Modification Trial Program. If Client makes monthly mortgage payment on time for
three months they will keep new mortgage rate of 2% for five years.
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October 1, 2009
CLIENT/BORROWER: James and Catherine
LENDER: Citimortgage
ORIGINAL PAYMENT: $1,746.53
MODIFIED PAYMENT: $1,721.15
MONTHLY SAVINGS: only lowered $25.38 but included the $19,211.83 of missed mortgage payments in new payments
TERMS: Approved for Supplemental Modification where the client 11 months of past due payments are rolled into new monthly payment.
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October 1, 2009
CLIENT/BORROWER: Kerry
LENDER: Bank of America
ORIGINAL PAYMENT: $2,604.18
MODIFIED PAYMENT: $2,527.28
MONTHLY SAVINGS: $76.90
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $230.70
TERMS: Approved for Three Month MHA Trial Modification. This client had already been modified earlier this year but was not satisfied and lender had refused to modify again for client. We used our forensic program for client. Through a forensic evaluation loan was remodified again.
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October 1, 2009
CLIENT/BORROWER: George
LENDER: Citi Financial
ORIGINAL PAYMENT: $2,137.92
MODIFIED PAYMENT: $2,067.72
MONTHLY SAVINGS: $70.20
LIFE OF LOAN SAVINGS: $25,272.00
TERMS: Qualified for President Obama's HAMP Program. Original Interest Rate was 5.25%, the new interest rate was lowered to 2.25%. The client was 15 months behind owing $35,302.23. The lender spoke with Leanne ID# T00, lender is not requesting any down payment.
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October 1, 2009
CLIENT/BORROWER: Luanne
LENDER: HFC
ORIGINAL PAYMENT: $2,033.23
MODIFIED PAYMENT: $1,628.59
MONTHLY SAVINGS: $404.64
TWO YEAR MODIFICATION PLAN TOTAL SAVINGS: $9,711.36
TERMS: Qualified for two year modification program. Original interest rate was 7.5%, now lowered to new interest rate of 5.25% for 6 months. After first new payment is made, the client will be granted an additional 18 month extension of this new monthly mortgage payment.
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October 2, 2009
CLIENT/BORROWER: Edward
LENDER: Greentree
TERMS: Approved for three month trial period only. Lender was moving this loan into collections and was NOT going to modify. The lender is now not moving loan into collections and will allow us to modify if borrower makes three monthly mortgage payments on time. The lender will then allow us to renegogiate a lower monthly payment.
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October 2, 2009
CLIENT/BORROWER: Luanne
LENDER: HFC 2nd Mortgage
ORIGINAL PAYMENT: $138.88
MODIFIED PAYMENT: $90.55
MONTHLY SAVINGS: $48.33
TWO YEAR MODIFICATION PLAN TOTAL SAVINGS: $1,159.92
TERMS: Qualified for two year modification program. New payment for next 6 months. After first new payment is made, the client will be granted an additional 18 month extension of this new monthly mortgage payment.
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October 2, 2009
CLIENT/BORROWER: David
LENDER: Citimortgage
ORIGINAL PAYMENT: $1,888.00
MODIFIED PAYMENT: $1,598.92
MONTHLY SAVINGS: $289.08
FIVE YEAR MODIFICATION PLAN TOTAL SAVINGS: $17,344.80
TERMS: Approved for MHA Modification Program. Original Interest Rate was 6.375%, new lowered Interest Rate is 4.25%. IF first three new lower mortgage payments are made on time, client will be locked into this new payment for five years.
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October 2, 2009
CLIENT/BORROWER: Karen
LENDER: Wells Fargo
TERMS: Approved for a Moratorium Modification Program. Client is being put on payment plan of $100 a month starting October 31,2009. This will give her time to get caught up on all other expenses. While making these payments client is being reviewed for a longer term modification program that will start after 6th payment.
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October 2, 2009
CLIENT/BORROWER: Victor and Yovanny
LENDER: Chase
ORIGINAL PAYMENT: $1,335.58
MODIFIED PAYMENT: $1,217.76
MONTHLY SAVINGS: $117.82
TERMS: Approved for trial modification program. After first payment is made on 11/1/09, the lender will be put into a permanent modification program.
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October 5, 2009
CLIENT/BORROWER: Arturo
LENDER: Bank of America
ORIGINAL PAYMENT: $2,143.66
MODIFIED PAYMENT: $2,064.94
MONTHLY SAVINGS: $78.72
LIFE OF LOAN SAVINGS: $28,339.20
TERMS: The client has been approved for this modification through lenders HOPE department. The interest rate is still remaining at 8.25%. This modification will last the life of the loan. |
October 6, 2009
CLIENT/BORROWER: Stacey
LENDER: GMAC
TERMS: The lender will not modify loan but is willing to work out a debt settlement. The balance of mortgage is $96,000. Lender, spoke with Karen in Recovery has offered purchase of the home free and clear to our client of $35,000. If the client does not have $35,000 at this time, the lender will allow client to resume their normal monthly payment of $1,119.00 a month for up to twelve months and will not charge any interest. Client will only be paying principal on the original loan amount of $96,000. After twelve months, lender will consider and is open to re-negotiate the final pay off.
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October 6, 2009
CLIENT/BORROWER: Ava
LENDER: Bank of America
ORIGINAL PAYMENT: $1,459.69
MODIFIED PAYMENT: $1,446.25
MONTHLY SAVINGS: $13.44
LIFE OF LOAN SAVINGS: $4,838.40
TERMS: This client did not qualify for goverment program. The lender, spoke with Quinn ID# RJL was willing to include past due amount of $12,000 of 8 months of unpaid mortgage payments into new monthly payment plan starting on 11/1/09.
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October 7, 2009
CLIENT/BORROWER: George and Michelle
LENDER: Bank of America
ORIGINAL PAYMENT: $4,390.89
MODIFIED PAYMENT: $3,249.29
MONTHLY SAVINGS: $1,141.60
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $3,424.80
TERMS: Approve for three month MHA Trial Modification Program. If payments are on time for three months, the client will be reviewed for this to be a longer term modification program.
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October 7, 2009
CLIENT/BORROWER: Jason
LENDER: Bank of America
ORIGINAL PAYMENT: $1,756.00
MODIFIED PAYMENT: $1,396.09
MONTHLY SAVINGS: $359.91
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $1,079.73
TERMS: Approved for Three Month MHA Trial Modification Program. If mortgage payments are made on time for three months, the client will be reviewed for long term modification program.
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October 8, 2009
CLIENT/BORROWER: Annette and David
LENDER: Bank of America
ORIGINAL PAYMENT: $1,896.52
MODIFIED PAYMENT: $1,711.64
MONTHLY SAVINGS: $184.88
LIFE OF LOAN SAVINGS: $66,556.80
TERMS: Approved for trial modification. We are still working with lender trying to approve client for second long term program.
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October 9, 2009
CLIENT/BORROWER: Jim and Kimberly
LENDER: Marix Service
ORIGINAL PAYMENT: $2,703.04
MODIFIED PAYMENT: $2,001.68
MONTHLY SAVINGS: $701.36
TWO YEAR MODIFICATION PLAN TOTAL SAVINGS: $16,832.64
LIFE OF LOAN SAVINGS: $252,489.60
TERMS: Approved for loan modification. Spoke with Beverly of Marix. Original Interest Rate was 8.87% ARM, new Interest rate will be 4% for twenty four months. After twenty four months Interest Rate will be fixed at 6.5% for the life of the loan.
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October 12, 2009
CLIENT/BORROWER: James
LENDER: Nation Point
ORIGINAL PAYMENT: $2,013.18
MODIFIED PAYMENT: $1,474.10
MONTHLY SAVINGS: $539.08
THREE MONTH MODIFICATION PLAN SAVINGS: $1,617.24
LIFE OF LOAN SAVINGS: $194,068.80
TERMS: Approved for three month trial modification. Called Lender, spoke with Patrick ID#YJPGN. Client was eleven months past due owing $22,144.98 not including attorney fees or late fees. The first payment is due on 11/1/09. The client had a sale date of 10/6/09. The lender suspended the sale.
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October 12, 2009
CLIENT/BORROWER: Yolanda
LENDER: Wells Fargo
ORIGINAL PAYMENT: $1,864.70
MODIFIED PAYMENT: $1,154.53
MONTHLY SAVINGS: $680.17
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $2,040.51
TERMS: Approved for Special Forbearance Program. After first three new monthly payments are made. The client will be reviewed for longer term assistance.
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October 12, 2009
CLIENT/BORROWER: Jay and Deanna
LENDER: Ocwen
ORIGINAL PAYMENT: $1,230.67
MODIFIED PAYMENT: $858.43
MONTHLY SAVINGS: $372.24
LIFE OF LOAN SAVINGS: $22,294.20
TERMS: Approved for Modification with following terms. Client needs to sign documents and send down payment of $991.00 by 10/23/09. The client was 6 months behind and in foreclosure. Their old Interest rate was 10%, their new interest rate is 3.95%. The first payment will not be due until 12/1/09 and the modification will last five years.
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October 13, 2009
CLIENT/BORROWER: Greg
LENDER: First Franklin
ORIGINAL PAYMENT: $1,815.63
MODIFIED PAYMENT: $1,134.64
MONTHLY SAVINGS: $680.99
LIFE OF LOAN SAVINGS: $245,156.40
TERMS: Approved for trial modification. Client was seven months behind owing $12,709.41, spoke with Chris ID# TK6 at lender and client is not in foreclosure.
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October 13, 2009
CLIENT/BORROWER: Landall and Karma
LENDER: Bank of America
ORIGINAL PAYMENT: $1,775.00
MODIFIED PAYMENT: $1,466.00
MONTHLY SAVINGS: $309.00
LIFE OF LOAN SAVINGS: $11,240.00
TERMS: The lender is offering a repayment modification plan pending updated documents from the client. Bringing current the back balance of $39,857.82 from the client being 31 months behind.
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October 13, 2009
CLIENT/BORROWER: Grady and Teresa
LENDER: AHMSI
ORIGINAL PAYMENT: $1024.79
MODIFIED PAYMENT: $732.94
MONTHLY SAVINGS: $291.85
LIFE OF LOAN SAVINGS: $105,066.00
TERMS: Lender, spoke with Kris ID# 4EG, agreed to change Old Adjustable Interest Rate of 10.625% to New Fixed Interest Rate of 4.04%. |
October 13, 2009
CLIENT/BORROWER: Edmond
LENDER: Chase
TERMS: They will not do a modification on a second mortgage but are willing to a repayment plan affordable to client's budget.
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October 14, 2009
CLIENT/BORROWER: Linda and Mike
LENDER: Beneficial
ORIGINAL PAYMENT: $408.95
MODIFIED PAYMENT: $205.00
MONTHLY SAVINGS: $203.95
LIFE OF LOAN SAVINGS: $73,422.00
TERMS: The Lender, spoke with Jeremy Will ID#31397 agreed to lower interest rate and bring client current. The client is five months behind and owes about $2500 on this second mortgage. The Old Interest Rate was 14.77% and the New Interest Rate will be 5.75%. The lender will activate this agreement with a down payment of $408.95 from client.
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October 14, 2009
CLIENT/BORROWER: Jean and Charles
LENDER: Citimortgage
ORIGINAL PAYMENT: $1,645.63
MODIFIED PAYMENT: $844.61
MONTHLY SAVINGS: $801.02
FIVE YEAR MODIFICATION PLAN TOTAL SAVINGS: $48,061.20
LIFE OF LOAN SAVINGS: $288,367.20
TERMS: Approved for President Obama's HAMP Program. Lender, spoke with Wanda ID#TH9405, agreed to lower rate for five years and after five years the rate will become market value. The Old Interest RAte was 10.4% and the New Interest Rate is 2% locked at 5% for five years.
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October 14, 2009
CLIENT/BORROWER: Manuel
LENDER: Citimortgage
ORIGINAL PAYMENT: $3,197.00
MODIFIED PAYMENT: $2,753.89
MONTHLY SAVINGS: $443.11
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $1,329.33
TERMS: Approved for three month MHA Trial Modification. If three months are made on time the client will be reviewed for a longer modification.
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October 15, 2009
CLIENT/BORROWER: Charlotte
LENDER: Citimortgage
ORIGINAL PAYMENT: $829.00
MODIFIED PAYMENT: $662.09
MONTHLY SAVINGS: $166.91
TERMS: Approved for a traditional modification. The Lender lowered client's Old Interest Rate is 7% to a New Interest Rate of 4.87% for the life of loan.
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October 15, 2009
CLIENT/BORROWER: Beverly
LENDER: Saxon
ORIGINAL PAYMENT: $926.00
MODIFIED PAYMENT: $835.07
MONTHLY SAVINGS: $90.93
FIVE YEAR MODIFICATION PLAN TOTAL SAVINGS: $5,455.80
TERMS: Approved for Five Year Modification Program. The Client's Old Interest Rate is 9.25% and the New Interest Rate is 6.625%. After the five years client can reapply or refinance.
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October 15, 2009
CLIENT/BORROWER: Daniel and Patrice
LENDER: Citimortgage
ORIGINAL PAYMENT: $3,119.62
MODIFIED PAYMENT: $2,016.31
MONTHLY SAVINGS: $166.91
FIVE YEAR MODIFICATION PLAN TOTAL SAVINGS: $10,014.60
TERMS: Approved for the Making Home Affordable Program for five years at 2% interest rate and it will increase 1% each year, but not to exceed 5%. Previous Interest Rate was 5.75%.
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October 15, 2009
CLIENT/BORROWER: Christopher
LENDER: National City
ORIGINAL PAYMENT: $1,613.00
MODIFIED PAYMENT: $1,333.67
MONTHLY SAVINGS: $279.33
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $837.99
TERMS: Approved for Three Month Forbearance Program. After three months of payments are made will be reviewed for permanent modification.
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October 15, 2009
CLIENT/BORROWER: Debra
LENDER: Bank of America
ORIGINAL PAYMENT: $2,517.94
MODIFIED PAYMENT: $1,661.59
MONTHLY SAVINGS: $856.35
TERMS: Approved for the Making Home Afforadable Program.
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October 16, 2009
CLIENT/BORROWER: James and Michelle
LENDER: ASC
ORIGINAL PAYMENT: $1,955.34
MODIFIED PAYMENT: $1,062.09
MONTHLY SAVINGS: $893.25
LIFE OF LOAN SAVINGS: $28,800.00
TERMS: The lender, spoke with Maranda ID# RYK approved a modification with a down payment of $1,955.34 due on 10/28/09. The client was twelve months behind owing $14,864.16. The Old Interest Rate of 6.75% was lowered down to the New Interest Rate of 5%. The first new mortgage payment is not due until 12/1/09.
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October 16, 2009
CLIENT/BORROWER: Lynda and Leon
LENDER: MGC Mortgage
ORIGINAL PAYMENT: $1,556.30
MODIFIED PAYMENT: $1,417.25
MONTHLY SAVINGS: $139.05
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $417.15
TERMS: Approved for forbearance plan. After making new lower monthly payment for three months. The client's payment will be lowered again to $1317.67 while being reviewed for permanent loan modification.
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October 16, 2009
CLIENT/BORROWER: Stephen
LENDER: Wells Fargo
ORIGINAL PAYMENT: $1,591.65
MODIFIED PAYMENT: $1,582.55
MONTHLY SAVINGS: $166.91
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $500.73
TERMS: Approved for three month MHA Trial Modification. The Client was 31 months behind. If new lower monthly payment are made on time. The client will be review for permanent loan modification. |
October 16, 2009
CLIENT/BORROWER: Carlos
LENDER: Homecomings
ORIGINAL PAYMENT: $1,160.91
MODIFIED PAYMENT: $1,070.61
MONTHLY SAVINGS: $90.30
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $270.90
TERMS: Approved for a three month trial period. The foreclosure and sale date that was set on the property was dropped. After the three month trial period is completed the payment will be lowered for a permanent modification program.
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October 16, 2009
CLIENT/BORROWER: Mike
LENDER: ASC
TERMS: Approved for a Special Forbearance Program. The Homeowner has to pay his regular mortgage payment for three months and than can be reviewed for permanent modification program. The lender was eight months behind. His foreclosure was stopped and the sale date on the property removed.
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October 19, 2009
CLIENT/BORROWER: Kevin and Melissa
LENDER: Everhome
ORIGINAL PAYMENT: $3,698.91
MODIFIED PAYMENT: $3,244.97
MONTHLY SAVINGS: $453.94
TERMS: Approved for a modification at a fixed 7% interest rate. Client was asked for contribution payment in the amount of $585.00. They no longer have an adjustable rate.
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October 19, 2009
CLIENT/BORROWER: Andrew
LENDER: US Bank
TERMS: Approved for a four month special forbearance where they will have to make their monthly mortgage payment. After four month trial period they will be reviewed for a permanent modification.
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October 19, 2009
CLIENT/BORROWER: Clarita
LENDER: Chase
ORIGINAL PAYMENT: $2,057.48
MODIFIED PAYMENT: $1,302.00
MONTHLY SAVINGS: $755.48
TERMS: Approved for the Making Home Affordable Program.
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October 19, 2009
CLIENT/BORROWER: John
LENDER: IndyMac
ORIGINAL PAYMENT: $1,295.95
MODIFIED PAYMENT: $777.67
MONTHLY SAVINGS: $518.28
SIX MONTH MODIFICATION PLAN TOTAL SAVINGS: $3,109.68
TERMS: Approved for six month forbearance program. While making lower monthly payments, the loan will be reviewed for other modification or the forbearance will be extended.
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October 20, 2009
CLIENT/BORROWER: Peggy
LENDER: Saxon
ORIGINAL PAYMENT: $991.24
MODIFIED PAYMENT: $667.02
MONTHLY SAVINGS: $324.22
TERMS: Approved for modification. Client has to make a contribution payment of $2,712.02. Old Interest Rate was 7.75% to 2% for five years.
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October 20, 2009
CLIENT/BORROWER: Karen
LENDER: Nation Star
ORIGINAL PAYMENT: $1,260.39
MODIFIED PAYMENT: $1,111.35
MONTHLY SAVINGS: $149.04
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $447.12
TERMS: Approved for Three Month Trial MHA Modification. If all payments are Made on time the client will be reviewed for a longer term modification.
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October 20, 2009
CLIENT/BORROWER: Robert
LENDER: Beneficial
ORIGINAL PAYMENT: $1,372.12
MODIFIED PAYMENT: $928.86
MONTHLY SAVINGS: $443.26
SIX MONTH MODIFICATION PLAN TOTAL SAVINGS: $2,659.56
TERMS: Approved for repayment plan. Client will pay this for six months and if payments are made on time, we can resubmit documents for review to have the past due amount put on the back of the loan and modified.
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October 21, 2009
CLIENT/BORROWER: Christopher
LENDER: Chase
ORIGINAL PAYMENT: $1,062.00
MODIFIED PAYMENT: $1,522.40
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $4,567.20
TERMS: Has been approved for three month forbearance including the past due payments and escrow. After client has made payments on time for three months the client will be reviewed for longer term situation. Client will go back to original payment if decision is not made by the third month.
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October 22, 2009
CLIENT/BORROWER: Joseph
LENDER: US Bank
ORIGINAL PAYMENT:$1,322.11
MODIFIED PAYMENT: $924.38
MONTHLY SAVINGS: $397.73
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $1,193.19
TERMS: Approved for three month trial MHA Modification. Spoke to Lakeeta in Loss Mitigation Department. Old Interest Rate was 6.25% and New Interest Rate is 2%. Client was seven months past due totaling $9,939.18. If all three trial payments are made on time client will be reviewed for more permanent modification.
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October 22, 2009
CLIENT/BORROWER: Duanne and Dawn
LENDER: Bank of America
ORIGINAL PAYMENT: $2,144.20
MODIFIED PAYMENT: $1,215.88
MONTHLY SAVINGS: $928.32
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $2,784.96
TERMS: Approved for three month Trial MHA Modification. Spoke to Rudy ID#2131. The Client was eight months behind and owed a little over $19,000. The Client will be reviewed after three month trial payments are made successfully for more permanent modification. |
October 22, 2009
CLIENT/BORROWER: Marc
LENDER: Chase
ORIGINAL PAYMENT: $1,468.59
MODIFIED PAYMENT: $815.40
MONTHLY SAVINGS: $653.19
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $1,959.57
TERMS: Approved for a Three Month Trial Forbearance Plan. Spoke to Diana ID#78969. After 3rd new monthly payment is made the client will be reviewed for longer term modification.
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October 22, 2009
CLIENT/BORROWER: Richard
LENDER: Litton Mortgage
ORIGINAL PAYMENT: $1,620.00
MODIFIED PAYMENT: $1,260.80
MONTHLY SAVINGS: $359.20
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $1,077.60
TERMS: Approved for Three Month Trial MHA Modification. If client makes payments on time for three months will be reviewed for longer term modification.
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October 22, 2009
CLIENT/BORROWER: Mike and Lisa
LENDER: Wells Fargo
ORIGINAL PAYMENT: $1,615.48
MODIFIED PAYMENT: $1,704.09
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $5,112.27
TERMS: Approved for three month trial Forbearance. Spoke to Amanda ID#ORR. Client was seven months behind totaling $11,519.80. The file is in review for a longer term modification plan while these payments are being made and there is the possibility that the payment will go down after the three months.
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October 23, 2009
CLIENT/BORROWER: Richard
LENDER: Citimortgage
ORIGINAL PAYMENT: $1,315.19
MODIFIED PAYMENT: $1,195.77
MONTHLY SAVINGS: $119.42
TERMS: Approved for an In House Modification. The Client did not get approved for President Obama's HAMP program but the lender's negoiater John W. lowered interest rate from 8.3% to new low interest of 5.8%. The client was not in forclosure but was three months behind owing $5,818.42.
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October 23, 2009
CLIENT/BORROWER: Cindy and Carl
LENDER: Ocwen
ORIGINAL PAYMENT: $957.57
MODIFIED PAYMENT: $1,550.00
TERMS: Approved for special forbearance. Spoke with Eve in lender's Home Retention Department. The client had recently already modified the loan so the lender would not modify the loan again. The client fell behind again for nine months owing $12,031.39. The client paid a settlement amount of $7,500.00 spreading the outstanding balance over the next six months with new higher payment. The sale date of the home of 10/26/09 was successfully stopped.
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October 23, 2009
CLIENT/BORROWER: Lisa
LENDER: Ocwen
ORIGINAL PAYMENT: $1,132.35
MODIFIED PAYMENT: $607.37
MONTHLY SAVINGS: $524.98
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $1,574.94
TERMS: Approved for three month trial MHA Modification. Spoke to Bonious in loss mitigation. Original interest rate was 5.625% and the new interest rate is 2%. The new rate will last for the life of the loan if trial payments are made on time for three months.
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October 23 2009
CLIENT/BORROWER: Melvin
LENDER: Wells Fargo
ORIGINAL PAYMENT: $2,087.56
MODIFIED PAYMENT: $1,609.01
MONTHLY SAVINGS: $478.55
TERMS: Approved for President Obama's HAMP program. The client was seventeen months behind owing $37,174.96 with a forclosure sale date of 11/1/2009. Spoke with Lewis ID# QDF and had the outstanding balance moved to the back of the loan.
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October 23, 2009
CLIENT/BORROWER: Noel and Rosalie
LENDER: Bank of America
ORIGINAL PAYMENT: $1,072.00
MODIFIED PAYMENT: $589.54
MONTHLY SAVINGS: $482.46
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $1,447.38
TERMS: Approved for three month trial Forbearance Program. After trial payments are made the client will be review for more permanent modification.
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October 23, 2009
CLIENT/BORROWER: Kevin
LENDER: First Franklin
ORIGINAL PAYMENT: $1,893.05
MODIFIED PAYMENT: $1,131.47
MONTHLY SAVINGS: $761.64
FIVE YEAR MODIFICATION PLAN TOTAL SAVINGS: $45,698.40
TERMS: Spoke with Martin Wong at First Franklin. The client was eleven months behind owing $20,823.55. The old interest rate was adjustable at 9.625% and the new fixed interest is 4.75% for the next five years.
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October 23, 2009
CLIENT/BORROWER: Mapula
LENDER: AHMSI
ORIGINAL PAYMENT: $2,213.32
MODIFIED PAYMENT: $1,719.41
MONTHLY SAVINGS: $493.91
TERMS: Approved for three month trial Forbearance. Spoke with Lisette ID# LP2. Client was four months behind owing $9,653.28 while making trial payments, the client is being reviewed for more permanent modification.
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October 23, 2009
CLIENT/BORROWER: Greg and Kathy
LENDER: Wells Fargo
ORIGINAL PAYMENT: $1,264.06
MODIFIED PAYMENT: $1,060.05
MONTHLY SAVINGS: $204.01
TERMS: The client successfully completed the trial three month modification. Spoke to Vivian ID# C16, the lender locked in a new lower rate of 5% versus the old higher rate of 7.66%. The new terms take effect 12/1/2009.
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October 23, 2009
CLIENT/BORROWER: Tony
LENDER: Bank of America
ORIGINAL PAYMENT: $2,275.26
MODIFIED PAYMENT: $1,509.49
MONTHLY SAVINGS: $765.77
LIFE OF LOAN SAVINGS: $275,677.20
TERMS: Approved for trial modification period. Spoke with Catina Jones at the lender, the old higher interest rate of 6.5% was changed to 2%.
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October 26, 2009
CLIENT/BORROWER: Elisabeth
LENDER: Citimortgage
ORIGINAL PAYMENT: $1,400.23
MODIFIED PAYMENT: $1,306.60
MONTHLY SAVINGS: $93.63
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $280.89
TERMS: Approved for three month trial MHA Modification. Spoke with Shaquanna ID# SB4064. Client was five months behind owing over 7,000.00. Original Higher Interest Rate was 6.25% and was lowered to 5.375%. If client makes trial payments on time they will be reviewed for a long term modification.
MITIGATION TEAM: The Mod Squad
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October 26, 2009
CLIENT/BORROWER: Bill
LENDER: Carrington Mortgage Service
ORIGINAL PAYMENT: $604.50
MODIFIED PAYMENT: $503.75
MONTHLY SAVINGS: $100.75
TERMS: The client was modified with a higher older interest of 6% lowered to 5%. The client was four months behind owing $2418.00. The new modification plan begins on 12/1/2009.
MITIGATION TEAM: The Dean Dream Team
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October 26, 2009
CLIENT/BORROWER: Joel
LENDER: Bank of America
ORIGINAL PAYMENT: $1,612.88
MODIFIED PAYMENT: $1,463.78
MONTHLY SAVINGS: $149.10
TERMS: Approved for trial period modification with down payment of $250. The Client was seven months behind owing the lender $7,000. The first payment is due 12/1/20009.
MITIGATION TEAM: The Dean Dream Team
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October 26, 2009
CLIENT/BORROWER: Lester
LENDER: Wells Fargo
ORIGINAL PAYMENT: $1,211.45
MODIFIED PAYMENT: $1,154.03
MONTHLY SAVINGS: $57.42
LIFE OF LOAN SAVINGS: $20,671.20
TERMS: Approved for a three month moratorium modification, meaning the client pays no mortgage for three months. Spoke to Charles 60v.
MITIGATION TEAM: The Dean Dream Team
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October 26, 2009
CLIENT/BORROWER: Richard
LENDER: Chase
TERMS: Approved for special forbearance with no mortgage payment due until February 2010. The client's updated finicial information due February 2010 for long term modification.
MITIGATION TEAM: The Dean Dream Team
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October 26, 2009
CLIENT/BORROWER: Deborah
LENDER: Citimortgage
ORIGINAL PAYMENT: $1,479.73
MODIFIED PAYMENT: $1,426.14
MONTHLY SAVINGS: $53.59
TERMS: Approved for Modification. The Client was five months behind owing $7,749.88. Spoke with Lorenzo ID# RH14794, the client will become current rolling the balance of $7,749.88 to the back of the loan. The first payment is due December 1,2009.
MITIGATION TEAM: The Dean Dream Team
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October 26, 2009
CLIENT/BORROWER: Bradley and Patricia
LENDER: Bank of America
ORIGINAL PAYMENT: $1,800.00
MODIFIED PAYMENT: $1,275.13
MONTHLY SAVINGS: $524.87
TERMS: Approved for modification. Spoke with Jennifer ID# 7617 who said the client can make the first payment on 11/15/2009 instead of 11/1/2009. The Clients original payment was $1500 and then adjusted to $1800. The client does not have to come up with a down payment to pay the back pay.
MITIGATION TEAM: The Dean Dream Team
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October 27, 2009
CLIENT/BORROWER: Tiffany
LENDER: GMAC
ORIGINAL PAYMENT: $348.00
MODIFIED PAYMENT: $225.00
MONTHLY SAVINGS: $123.00
TERMS: Approved for Good Faith Modification Plan. Client was four months behind owing approximatley $1392.00. The new payment is for the life of the loan.
MITIGATION TEAM: The Mod Squad
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October 27, 2009
CLIENT/BORROWER: Carlos and Sandra
LENDER: Litton
TERMS: Approved for three month trial modification including the full back amount of $17,095.12. The client was twelve months. Spoke with Gina Nokes at Litton and the sale date of the home for 12/14/2009 has been cancelled.
MITIGATION TEAM: The Dean Dream Team
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October 27, 2009
CLIENT/BORROWER: Anita and Joan
LENDER: Wells Fargo
ORIGINAL PAYMENT: $1,200.00
MODIFIED PAYMENT: $764.32
MONTHLY SAVINGS: $435.68
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $1,307.04
TERMS: Approved for Four Month Trial Repayment Plan. The new lower payment is including the escrow. After successfully making all new lower trial payments, the client will be reviewed for permanent modification that puts the clients past due balance of $7,949.16 on the back of the loan.
MITIGATION TEAM: The Mod Squad
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October 28, 2009
CLIENT/BORROWER: Delane
LENDER: EMC Mortgage
TERMS: Approved for President Obama's HAMP Program. The Client's new modified payment of $1040.00 has been increased from her old payment of $1035.00. The new payment includes their taxes unlike the old so instead of paying an additional separate tax bill of $100.00 a month it is escrowed into new payment with only five dollar payment increase. The client is currently on an ARM that will fix her interest rate for five years. Most importantly the client is out of foreclosure and the next week's scheduled sale date of her property has been stopped.
MITIGATION TEAM: The Mod Squad
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October 28, 2009
CLIENT/BORROWER: Maryann
LENDER: Saxton
ORIGINAL PAYMENT: $2,145.09
MODIFIED PAYMENT: $1,049.30
MONTHLY SAVINGS: $1095.79
FIVE YEAR MODIFICATION PLAN TOTAL SAVINGS: $65,747.40
TERMS: Approved for a Five Year Modification Plan with a down payment of $2,048.11 that will be due with first payment which includes client's escrow of new plan on January 1, 2010.00. Client was ten months behind owing over 22,000. Spoke with Taylia ID#21742 who lowered original interest rate of 9.75% to 2.75%.
MITIGATION TEAM: The Mod Squad
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October 29, 2009
CLIENT/BORROWER: Joe and Sharon
LENDER: ASC
ORIGINAL PAYMENT: $1,808.04
MODIFIED PAYMENT: $1,429.64
MONTHLY SAVINGS: $378.40
TERMS: Approved for Modification Plan with a down payment of $3,550.50. Client was seven months behind owing $12,656.28 is being rolled into back of the loan. Spoke with Donna ID-IGA of lender, the first new payment is due January 1, 2010.
MITIGATION TEAM: The Dean Dream Team
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October 29, 2009
CLIENT/BORROWER: David
LENDER: AHMSI
ORIGINAL PAYMENT: $1,219.37
MODIFIED PAYMENT: $877.26
MONTHLY SAVINGS: $342.11
TERMS: Approved for President Obama's HAMP Program. The Client was three months behind owing $3,974.39. Spoke with Emanuel ID# AED, the client's first payment is due on November 10,2009.
MITIGATION TEAM: The Dean Dream Team
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October 29, 2009
CLIENT/BORROWER: Steve
LENDER: Countrywide
TERMS: Approved for a Special Forbearance Plan. The Client was seven months behind owing $7,225.50. Spoke with Patrick ID#9747, the back debt of $7,225.50 rolled into the back of the loan making a new monthly payment of $1,011.40 due on November 15,2009.
MITIGATION TEAM: The Dean Dream Team
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October 30, 2009
CLIENT/BORROWER: Randy
LENDER: HFC
ORIGINAL PAYMENT: $1,336.89
MODIFIED PAYMENT: $937.79
MONTHLY SAVINGS: $399.10
SIX MONTH MODIFICATION PLAN TOTAL SAVINGS: $2,394.60
TERMS: Approved for Six Month Trial Modification Plan. Spoke to Rosalind Robins at lender, lowered original interest rate of 7.8% to new interest rate of 5.25%. After making six month trial new payments on time, the client will be reviewed for permanent modification.
MITIGATION TEAM: The Mod Squad
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October 30, 2009
CLIENT/BORROWER: Allen
LENDER: Greentree
TOTAL PRINCIPAL REDUCTION SAVINGS: $39,939.78
TERMS: Approved for Prinicpal Reduction Plan. The Current Principal Balance was $54,939.78. The lender agreed to settle the pay off for $16,000.00 saving the client $39,939.78.
LIFE OF LOAN SAVINGS: $38,939.78
MITIGATION TEAM: The Dean Dream Team
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October 30, 2009
CLIENT/BORROWER: Sonia
LENDER: Bank of America
ORIGINAL PAYMENT: $1,020.00
MODIFIED PAYMENT: $636.27
MONTHLY SAVINGS: $383.73
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $1,151.19
TERMS: Approved for Three Month Trial MHA Modification Program. Client was eight months behind owing $11,357.89. When the new lower payments are made for three months on time the client will be reviewed for permanent modification.
MITIGATION TEAM: The Dean Dream Team
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October 30, 2009
CLIENT/BORROWER: Johnnie
LENDER: Chase
ORIGINAL PAYMENT: $1,797.30
MODIFIED PAYMENT: $1,179.00
MONTHLY SAVINGS: $618.30
THREE MONTH MODIFICATION PLAN TOTAL SAVINGS: $1,854.90
TERMS: Approved for Three Month Trial Modification Program with no down payment. The Client was behind fifteen months owing $28,391.74 not including late fees or attorney fees. the home was placed into foreclosure on October 9,2009. Spoke with Ryan in Homeowners Assistant Department, the client is no longer in foreclosure and will be reviewed for permanant modification after making three new lower monthly payments on time.
MITIGATION TEAM: The Dean Dream Team
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October 30, 2009
CLIENT/BORROWER: Philippe
LENDER: Litton
TERMS: Approved for loan modification. The Client was five months behind owing $8,172.52. Spoke with Gina Nokes, the $8,172.52 is being rolled into the back of the loan bringing the client current with a new monthly payment of $1,540.55 and new interest rate of 2%.
MITIGATION TEAM: The Dean Dream Team
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October 30, 2009
CLIENT/BORROWER: Tamera
LENDER: Wells Fargo
TERMS: Approved for a Six Month Special Forbearance with a down payment of $600. The Client was in foreclosure and was six months behind owing $7,919.87. Spoke with Nathan ID# BAQ, the Client is in review for a second work out and is no longer in foreclosure.
MITIGATION TEAM: The Dean Dream Team |
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