CLIENT/BORROWER: Matthew H.
LENDER: Ocwen
ORIGINAL PAYMENT: $1,649.80
MODIFIED PAYMENT: $1,508.77
MONTHLY SAVINGS: $141.03
SALE DATE: 2/21/2010 (Removed)
TERMS: Approved for three month trial beginning 1/10/2010. Old Interest Rate of 6.875% was decreased to New Lower Interest Rate of 4.875%. The maturity date of the loan has been extended to include past due balance. The sale date of the property coming up in February has been lifted.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Carolyn B.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,581.05
MODIFIED PAYMENT: $1,224.80
MONTHLY SAVINGS: $356.25
SALE DATE: 12/10/2009 (Removed)
TERMS: Approved for three month trial modification. Original interest rate was 5.5% to the new lower interest rate of 2%. The maturity date of the loan has been extended to include he client had a past due balance of $15,620.83 and the new lower payment.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Dan and Dolly
LENDER: Bank of America
ORIGINAL PAYMENT: $1,051.46
MODIFIED PAYMENT: $1,021.40
MONTHLY SAVINGS: $30.06
TERMS: Approved for Traditional Modification. The maturity of the loan date has been extended to include the Client's past due balance of eight months owing $8,601.47.
MODIFICATION TEAM: The Mod Squad
|
CLIENT/BORROWER: Reginald S.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,449.86
MODIFIED PAYMENT: $637.56
MONTHLY SAVINGS: $812.30
THREE MONTH SAVINGS: $2,436.00
TERMS: Approved for three month trial Nation Wide Retention Program. Original Interest Rate of 10.2% was decreased to New Lower Interest Rate of 2.3%. The maturity of the loan has been extended to include the Client's past due balance. He was five months behind with a past due amount of $7,262.91.
MODIFICATION TEAM: The Mod Squad
|
CLIENT/BORROWER: Eli & Juanita
LENDER: ASC
ORIGINAL PAYMENT: $3,793.65
MODIFIED PAYMENT: $2,664.95
MONTHLY SAVINGS: $1,128.70
TERMS: Approved for Permanent Loan Modification. Original Interest Rate of 9% was decreased to New Lower Interest Rate of 4.5%. Client was ten months behind with a past due amount of $40,373.02. A contribution payment is required with new signed modification documents of $3,793.65. Original maturity of date has been extended by three years.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Leasha L.
LENDER: AHMSI
ORIGINAL PAYMENT: $1,805.58
MODIFIED PAYMENT: $1,009.55
MONTHLY SAVINGS: $796.03
THREE MONTH SAVINGS: $2,388.09
TERMS: Approved for Three Month Trial Modification Program. Original Interest Rate of 8.9% was decreased to New Lower Interest Rate of 2% and reduced Original Principal Balance of $161,717.15 to New Lower Principal Balance of $151,408.68. All three trial payments must be made on time with certified funds or pay by phone to qualify for permanent modification that includes all past due amount and fees. Client was five months behind with a past due amount of $7,262.91.
MODIFICATION TEAM: The Mod Squad
|
CLIENT/BORROWER: Stephen G.
LENDER: Bank of America
ORIGINAL PAYMENT: $871.97
MODIFIED PAYMENT: $537.33
MONTHLY SAVINGS: $334.64
TERMS: Approved for a Tradational Modification. Original Interest Rate of 5.5% was decreased to New Lower Interest Rate of 5%. The maturity of the laon has been extended to include the Client's past due balance. He was five months behind with a past due amount of $7,262.91.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Dennis D.
LENDER: CitiMortgage
ORIGINAL PAYMENT: $2,311.49
MODIFIED PAYMENT: $1,155.00
MONTHLY SAVINGS: $1,156.49
SALE DATE: On hold
TERMS: Approved for three month special forbearance. Once the three month trial special forbearance is successfully completed the sale date will be extended again and client will be considered for permanent modification.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Alan M.
LENDER: Ocwen
ORIGINAL PAYMENT: $1,533.19
MODIFIED PAYMENT: $1,322.32
MONTHLY SAVINGS: $210.87
TERMS: Approved for Special Forbearance to Permanent Modification Program. New Lower Interest Rate of 2% for three years than will go back to original interest rate of loan. A down payment of $1,322.32 is required. The down payment will go towards past due balance The maturity date of the loan has been extended to include past due balance. The client was seven months behind and owed $11,514.23. Ocwen's Permanent Modification will be approved in January once all documents are signed and down payment is made.
MODIFICATION TEAM: The Mod Squad
|
CLIENT/BORROWER: Gerald G.
LENDER: Ocwen
ORIGINAL PAYMENT: $968.48
MODIFIED PAYMENT: $1,036.52
TERMS: The client does not qualify for HAMP Program or traditional modification programs due to income. We were able to negotiate that the client make new higher payment of a $68.04 a month and the loan will be bought current with the home to be taken out of foreclosure and extending their loan to include six months past due balance of missed mortgage payments.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Lisa and David F.
LENDER: Mor Equity
ORIGINAL PAYMENT: $1,524.65
MODIFIED PAYMENT: $1,223.71
MONTHLY SAVINGS: $300.94
TERMS: Approved for three month trial loan modification with a New Lower Interest Rate of 2% for one year. After three month trail payments are made on time, the client will be re-reviewed for permanenant modification where the past due balance will be included in extending the maturity of loan. The client has not made a mortgage payment for last sixteen months.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Loretta E.
LENDER: Bank of America
ORIGINAL PAYMENT: $3,021.33
MODIFIED PAYMENT: $1,778.33
MONTHLY SAVINGS: $1,243.00
THREE MONTH SAVINGS: $3,729.00
TERMS: Approved for three month trial Modification.
MODIFICATION TEAM: The Mod Squad
|
CLIENT/BORROWER: Beverly R.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,241.86
MODIFIED PAYMENT: $916.16
MONTHLY SAVINGS: $325.70
THREE MONTH SAVINGS: $977.10
TERMS: Approved for three month trial MHA Program. Original Interest Rate of 6.375% was decreased to New Lower Interest Rate of 2%The client was thirteen months behind new terms include past due balance of $16,975.12.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Robert and Jennifer R.
LENDER: Countrywide
ORIGINAL PAYMENT: $2,098.02
MODIFIED PAYMENT: $1,959.74
MONTHLY SAVINGS: $138.25
LIFE OF LOAN SAVINGS: $44,526.18
TERMS: Approved for Permanent Manual Modification. Original Interest Rate of 8% was decreased to New Lower Interest Rate of 7.125%. The maturity of the loan has been extended to include the Client's past due balance.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Adrin K.
LENDER: HSBC (2nd Mortgage)
ORIGINAL PAYMENT: $234.30
MODIFIED PAYMENT: $131.17
MONTHLY SAVINGS: $103.13
TERMS: Approved for six month modification with an eighteen extension available after completion of six month trial. The maturity of the loan has been extended to include the Client's past due balance. He was four months behind.
MODIFICATION TEAM: The Mod Squad
|
CLIENT/BORROWER: Rickey W.
LENDER: Wells Fargo
ORIGINAL PAYMENT: $879.96
MODIFIED PAYMENT: $916.15
TERMS: Approved for Special Forbearance in October. Now is in review for permanent modification. The maturity of the loan date has been extended to include the Client's past due balance of four months owing $3,496.28.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Dwayla M.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,455.68
MODIFIED PAYMENT: $1,084.35
MONTHLY SAVINGS: $371.33
TERMS: Approved for Permanent Modification. Original Higher Interest Rate of 7.5% is reduced to New Lower Interest Rate of 5.375%/ A contribution payment of $641.57 is due with signed paperwork by 12/29/09 and the first new payment is due 3/1/2010. The maturity of the loan date has been extended to include the Client's past due balance of thirteen months owing $17,125.44.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Robert G.
LENDER: US Bank
TERMS: Approved for Repayment/ Deferment Plan not approved for any Modification Programs. The Client has to make three monthly payments and the maturity of the loan date has been extended to include the Client's remaining past due balance.
MODIFICATION TEAM: The Mod Squad
|
CLIENT/BORROWER: Gregory B.
LENDER: Veriquest (2nd Mortgage)
ORIGINAL PAYMENT: $759.14
MODIFIED PAYMENT: $383.09
MONTHLY SAVINGS: $376.05
TERMS: Approved for a Step Modification. The client's interest rate will be 4% for the first five years, each year following it will increase by 1 % until it hits the cap of 8%.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Jeff B.
LENDER: Wilshire
ORIGINAL PAYMENT: $1,501.66
MODIFIED PAYMENT: $1,471.86
MONTHLY SAVINGS: $29.80
SALE DATE: On Hold
TERMS: Approved for Traditional MHA Modification. The maturity of the loan date has been extended to include the Client's past due balance of seven months missed mortgage payments and has placed sale of home on hold.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Paul and Nora L.
LENDER: Citimortgage
ORIGINAL PAYMENT: $1,446.82
MODIFIED PAYMENT: $1,447.15
SALE DATE: On hold
TERMS: Pre-Qualified for 3 Month Trial Traditional Modification. Client must call to confirm. The modification terms are an interest rate reduction from 5.875% to 4% but the principal balance will increase due by $36,000 to cover past due balance. The loan will be reviewed for a permanent modification after trial and foreclosure of the home has been put on hold.
MODIFICATION TEAM: The Mod Squad
|
CLIENT/BORROWER: Patrick O.
LENDER: Greentree (2nd Mortgage)
ORIGINAL PAYMENT: $52.61
MODIFIED PAYMENT: $40.64
MONTHLY SAVINGS: $11.97
TERMS: Approved for Traditional Modification. The Original Higher Interest Rate of 5.25% has been decreased to the New Lower Interest Rate of 4%. The maturity of the loan date has been extended to include the Client's past due balance.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Staurt and Pamela Z.
LENDER: Chase
ORIGINAL PAYMENT: $1,798.13
MODIFIED PAYMENT: $1,820.15
TERMS: Approved for Three Month Trial Traditional Modification a month ago. The Client only paid $1,000 of the first trial payment of $1,798.13. The Client must pay balance of $798.13 from first trial payment and then can begin new three month trial payment of $1820.15 by 1/22/2010 to avoid foreclosure.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Christine H.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,567.14
MODIFIED PAYMENT: $1,162.23
MONTHLY SAVINGS: $404.91
TERMS: Approved for Traditional Modification. The Original Higher Interest Rate of 11.5% has been reduced to the New Lower Interest Rate of 7.8755% for one year. Then will be set at rate of 8%. The maturity of the loan date has been extended to include the Client's past due balance of eight months owing $20,772.90.
MODIFICATION TEAM: The Mod Squad
|
|