CLIENT/BORROWER: John S.
LENDER: Nation Point
ORIGINAL PAYMENT: $4,824.00
MODIFIED PAYMENT: $2,714.38
MONTHLY SAVINGS: $2,109.62
THREE MONTH SAVINGS: $6,328.86
TERMS: Approved for MHA (Making Home Affordable) Three Month Trial Modification. The Older Higher Interest Rate of 11.7% has been reduced to New Lower Interest Rate of 7.6%. Client is currently in review for permanent MHA modification. Financials will be resubmitted after three month trial modification is successfully completed.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Lawrence D.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,596.67
MODIFIED PAYMENT: $1,659.60
SALE DATE: February 2, 2010 ON HOLD
TERMS: Approved for Modification. The client was eleven months behind owing $17,563.37. The Client agreed to new higher payment due to their financial situation but needed back balance addressed and sale of home to be stopped. First new mortgage payment is due on February 1, 2010 and the sale date and foreclosure process have been placed on hold.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Rose M.
LENDER: Nation Star
ORIGINAL PAYMENT: $2,157.08
MODIFIED PAYMENT: $1,445.43
MONTHLY SAVINGS: $711.65
LIFE OF THE LOAN SAVINGS: $256,194.00
SALE DATE: STOPPED
TERMS: Approved for Permanent Modification. The client was nine months behind owing $19,413.79. First new payment is due immediately and this modification is for the life of the loan. The sale date and foreclosure process have been placed on hold.
MODIFICATION TEAM: The Mod Squad
|
CLIENT/BORROWER: John B.
LENDER: Indy Mac
ORIGINAL PAYMENT: $2,350.50
MODIFIED PAYMENT: $1,985.65
MONTHLY SAVINGS: $364.85
TERMS: Approved for Three Month Trial MHA (Making Home Affordable) Modification. The client was three months behind owing $7,051.50.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Kelly C.
LENDER: HFC
ORIGINAL PAYMENT: $3,527.00
MODIFIED PAYMENT: $2,959.29
MONTHLY SAVINGS: $567.71
TERMS: Approved for Internal 60 Month Modification with 7.5% Interest Rate. The client has new payment arrangement of bi monthly payment schedule.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Robert and Barbara B.
LENDER: Homecomings
ORIGINAL PAYMENT: $2,029.00
MODIFIED PAYMENT: $1,617.49
MONTHLY SAVINGS: $411.51
TERMS: Approved for Three Month Trial Modification. The client was nine months behind owing $18,261.00 The new lower first mortgage payment is due on February 1, 2010 and foreclosure process have been placed on hold.
MODIFICATION TEAM: The Mod Squad
|
CLIENT/BORROWER: Michael C.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,149.75
MODIFIED PAYMENT: $840.88
MONTHLY SAVINGS: $308.87
TERMS: Approved for Three Month Trial Modification. The client was owing a back balance of $21,724.78. The Interest Rate will remain the same until trial modification is successfully completed. The past due balance will be rolled into principal balance at that time.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Michael and Stacy B.
LENDER: Bank of America
ORIGINAL PAYMENT: $942.63
MODIFIED PAYMENT: $688.95
MONTHLY SAVINGS: $253.68
TERMS: Approved for Three Month Trial Modification. The new lower first mortgage payment is with loan modification paperwork and the foreclosure process has been placed on hold.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: William M.
LENDER: Nation Star
ORIGINAL PAYMENT: $986.76
MODIFIED PAYMENT: $690.93
MONTHLY SAVINGS: $295.83
TERMS: Approved for Modification. The first five years the interest rate will be reduced to 2%. Year six will be an interest rate of 3%. Year seven the interest rate will be 4%. Year eight at 4.625% and the following year at 5.125%.
MODIFICATION TEAM: The Mod Squad
|
CLIENT/BORROWER: Timothy B.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,211.92
MODIFIED PAYMENT: $1,211.92
TERMS: Client has been approved for Fresh Start Program. The client does not have a current hardship and should be able to afford mortgage payment. The lender will review for permanent modification after three month trial period is complete. At that time we are requesting that the back balance of $14,473.14 be placed on the back of the loan and let the client resume mortgage payment in February.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Danay P. and Toby C.
LENDER: Littton
ORIGINAL PAYMENT: $1,529.03
MODIFIED PAYMENT: $1,109.83
MONTHLY SAVINGS: $419.20
SALE DATE: 2/6/2010 Placed on hold
TERMS: Client has been approved for three month trial modification starting March 1, 2010. The Interest Rate of 7% has been lowered to 5% dropping their monthly payment down to $1,1109.83 from the old higher payment of $1,529.03. Past due amount of $19,161.56 is to be rolled into the back of the loan at the end of the three month trial and in the permanent modification.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Robert B.
LENDER: Litton Loans
ORIGINAL PAYMENT: $2,959.66
MODIFIED PAYMENT: $2,620.26
MONTHLY SAVINGS: $339.40
TERMS: Client has been approved for Three Month Trial Period Modification. The lender will review the client's past due amount of $19,983.66 to placed back of the loan and let the client resume mortgage payment in March.
MODIFICATION TEAM: The Mod Squad
|
CLIENT/BORROWER: Jim and Juanita H.
LENDER: American General
ORIGINAL PAYMENT: $1,270.76
MODIFIED PAYMENT: $1,153.69
MONTHLY SAVINGS: $117.07
TERMS: Approved for Three Month Trial Traditional MHA (Making Homes Affordable) Modification. After second trial payment, payment, the past due balance will be deferred to back of the end of the loan.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Richard and Vicky M.
LENDER: Wells Fargo
ORIGINAL PAYMENT: $1,058.00
MODIFIED PAYMENT: $1,109.73
SALE DATE: 1/25/2010 Suspended
TERMS: Approved for Permanent Modification. The Client is seven months behind owing a past due balance of $7,288.72. The Balance is being rolled into the loan. The Old Higher Interest Rate of 5.5% has been reduced to the New Lower Interest Rate of 5%.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Bonnie and Kevin S.
LENDER: Beneficial
ORIGINAL PAYMENT: $1,039.98
MODIFIED PAYMENT: $874.35
MONTHLY SAVINGS: $165.63
TERMS: Approved for Six Month Trial Traditional Modification. The Client was eight months behind owing $8,319.84.
MODIFICATION TEAM: The Mod Squad
|
CLIENT/BORROWER: Joe D.
LENDER: Wells Fargo
ORIGINAL PAYMENT: $1,992.05
MODIFIED PAYMENT: $1,758.64
MONTHLY SAVINGS: $233.41
TERMS: Approved for Three Month Trial Forbearance Plan. The Client is seven months behind owing a past due balance of $14,198.39. The Client needs to pay trial payments with certified funds. The past due balance will be placed to the back of the loan after trial period is successfully completed for permanent modification review.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Rebecca F.
LENDER: Saxon
ORIGINAL PAYMENT: $7,364.36
MODIFIED PAYMENT: $5,676.71
MONTHLY SAVINGS: $1,687.65
FIVE YEAR SAVINGS: $101,259.00
TERMS: Approved for Five Year Interest Rate Reduction Modification. The Old Higher Interest Rate of 8.95% has been reduced to a New Lower Interest Rate of 5.875%.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Charles M.
LENDER: Nation Point
ORIGINAL PAYMENT: $1,658.57
MODIFIED PAYMENT: $1,107.95
MONTHLY SAVINGS: $550.62
TERMS: Approved for Three Month Trial Traditional MHA (Making Homes Affordable) Modification. Interest Rate and Balance of Terms to be determined with finalization of permanent modification.
MODIFICATION TEAM: The Mod Squad
|
CLIENT/BORROWER: Johnnie C.
LENDER: Freedom Mortgage
ORIGINAL PAYMENT: $1,134.54
MODIFIED PAYMENT: $743.39
MONTHLY SAVINGS: $391.15
TERMS: Approved for Three Month Trial Traditional Modification with contribution payment. Will be reviewed for Permanent Modification after trial period.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Chris and Darla M.
LENDER: HFC
ORIGINAL PAYMENT: $1,009.12
MODIFIED PAYMENT: $933.54
MONTHLY SAVINGS: $75.58
TERMS: Approved for Six Month Trial Traditional Modification to roll into a Sixty Month Program. All Six Trial Payments must be made to activate sixty month program. No grace period.
MODIFICATION TEAM: The Mod Squad
| CLIENT/Borrower: Gary P.
LENDER: Wells Fargo
ORIGINAL PAYMENT: $1,145.06
MODIFIED PAYMENT: $1,140.97
MONTHLY SAVINGS: $4.09
SALE DATE: ON HOLD
TERMS: Approved for Permanent Modification. The Client did not save much on this modification but past due balance of $18,650.54 is being rolled into loan. The sale date has been placed on hold, the old higher interest rate of 5.875% is being reduced to the new lower interest rate of 5.125% and the length of the loan has been extended of 2/1/2040.
MODIFICATION TEAM: The Mod Squad
|
CLIENT/BORROWER: Lynelle D.
LENDER: Specialized Loan Servicing 1st Mortgage
ORIGINAL PAYMENT: $986.00
MODIFIED PAYMENT: $548.58
MONTHLY SAVINGS: $437.42
TERMS: Approved for Step Rate Modification. The terms are a 2% Fixed Rate for first then each year after a 1% increase until it maxes out at 6% in 2014. The first new lower payment is due with a $500 modification fee.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Lynelle D.
LENDER: Specialized Loan Servicing 2nd Mortgage
ORIGINAL PAYMENT: $292.00
MODIFIED PAYMENT: $155.00
MONTHLY SAVINGS: $136.25
TERMS: Approved for First and Second Mortgage Reduction Plans. $250 Modification fee is due with new lower mortgage payment.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Joseph T.
LENDER: Ocwen
ORIGINAL PAYMENT: $1,965.05
MODIFIED PAYMENT: $1,636.62
MONTHLY SAVINGS: $328.43
TERMS: Approved for Extended Term Modification. The life of the loan has been extended to a 40 year term.
MODIFICATION TEAM: The Mod Squad
|
CLIENT/BORROWER: Edward C.
LENDER: Bank of America
ORIGINAL PAYMENT: $919.30
MODIFIED PAYMENT: $864.83
MONTHLY SAVINGS: $54.57
TERMS: Approved for Nationwide Home Retention Modification. The Client was ten months behind owing $7,389.23. The Old Higher Interest Rate of 9.5% has been reduced to the New Lower Interest Rate of 9.1%. The Client will be reviewed for permanent modification after three trial payments are made.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Randy A.
LENDER: Home Eq
ORIGINAL PAYMENT: $2,500.67
MODIFIED PAYMENT: $1,954.77
MONTHLY SAVINGS: $545.90
SALE DATE: On Hold
TERMS: Approved for Three Month Trial Period Modification. The sale date and foreclosure process have been placed on hold. Trial Payments must be made with certified funds.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Lee and Peggy D.
LENDER: PHH Mortgage
ORIGINAL PAYMENT: $865.00
MODIFIED PAYMENT: $695.48
MONTHLY SAVINGS: $169.52
TERMS: Approved for Traditional Modification. The Client has received a new interest rate of 2% for the length of the loan. The past due balance is to be deferred into the loan.
MODIFICATION TEAM: The Mod Squad
|
CLIENT/BORROWER: Peter B.
LENDER: Wells Fargo
ORIGINAL PAYMENT: $1,083.22
MODIFIED PAYMENT: $983.84
MONTHLY SAVINGS: $99.38
SALE DATE: March 8,2010 ON HOLD
TERMS: Approved for Three Month Trial MHA (Making Home Affordable) Modification. The sale date and foreclosure process have been placed on hold. No grace period with trial payments.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Irene S.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,435.55
MODIFIED PAYMENT: $735.86
MONTHLY SAVINGS: $699.69
TERMS: Approved for Nationwide Home Retention Program. The Original Higher Interest Rate of 7.475% was reduced to the New Lower Interest Rate of 2%. The Client was eight months behind owing $12,368.05. The past due balance will be rolled into the back of the loan.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: John T.
LENDER: Litton
ORIGINAL PAYMENT: $1,161.95
MODIFIED PAYMENT: $954.98
MONTHLY SAVINGS: $206.97
SALE DATE: On Hold
TERMS: Approved for Three Month Trial Modification. The Client was nine months behind with a past due balance of $8,679.45. The sale date and foreclosure process have been placed on hold.
MODIFICATION TEAM: The Mod Squad
|
CLIENT/BORROWER: Avinash and Lacy S.
LENDER: GMAC
ORIGINAL PAYMENT: $836.78
MODIFIED PAYMENT: $836.78
MONTHLY SAVINGS: $0.00
SALE DATE: January 15,2010 ON HOLD
TERMS: Approved for Partial Claim Modification. The client had a back balance owing $6,694.24. The new mortgage payment will have back mortgage balance rolled into it needing to be paid by loan maturity date. The sale date and foreclosure process have been placed on hold.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Ruth D.
LENDER: Citi Mortgage
ORIGINAL PAYMENT: $1,210.17
MODIFIED PAYMENT: $1,123.39
MONTHLY SAVINGS: $86.78
SALE DATE: ON HOLD
TERMS: Approved for Permanent Modification. The Older Higher Interest Rate of 6.25% has been reduced to 5.125%. The client was twenty months behind owing over $25,000. The new lower first mortgage payment is due on March 1, 2010 with a down payment of $410.68 due by January 14,2010. The past due balance will be rolled into the back of the loan. The sale date and foreclosure process have been placed on hold.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Sammy B.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,318.74
MODIFIED PAYMENT: $1,230.18
SALE DATE: January 15, 2010 ON HOLD
TERMS: Approved for Permanent Modification. The client was eleven months behind owing $12,526.16. The past due balance is being rolled into the back of the loan. The sale date and foreclosure process have been placed on hold.
MODIFICATION TEAM: The Mod Squad
|
CLIENT/BORROWER: Darroll W.
LENDER: Ocwen 2nd Mortgage
ORIGINAL PAYMENT: $514.00
MODIFIED PAYMENT: $235.04
MONTHLY SAVINGS: $305.96
FIVE YEAR SAVINGS: $18,357.60
TERMS: Approved for Second Mortgage Modification with a new interest rate of 3.9%. The client is extremely happy.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Jessica G.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,536.36
MODIFIED PAYMENT: $1,536.36
SALE DATE: Placed On Hold
TERMS: Putting a hold on sale date and lender agreed to roll past due amount of $16,000.38 into the back of the loan. The client was ten months behind. The Client has to make a contribution payment of $816.96 due this month and resume mortgage payment in march.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Michael and Stacy B.
LENDER: Bank of America
ORIGINAL PAYMENT: $942.63
MODIFIED PAYMENT: $688.95
MONTHLY SAVINGS: $253.68
TERMS: Approved for Three Month Trial MHA (Making Home Affordable) Modification.
MODIFICATION TEAM: The Mod Squad
|
CLIENT/BORROWER: Fred and Tammy H.
LENDER: AHMSI
ORIGINAL PAYMENT: $1,100.37
MODIFIED PAYMENT: $954.05
MONTHLY SAVINGS: $146.32
SALE DATE: April 12, 2010 ON HOLD
TERMS: Approved for Permanent Modification. The Older Higher Interest Rate of 5% has been reduced to 4.71%. The client was twenty months behind owing over $25,000. There is no down payment required and past due balance will be rolled into the back of the loan. The sale date and foreclosure process have been placed on hold.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Wendy and Allen K.
LENDER: Serve Servicing
ORIGINAL PAYMENT: $1,170.05
MODIFIED PAYMENT: $893.90
MONTHLY SAVINGS: $276.15
TERMS: Approved for Modification. The Older Higher Adjustable Interest Rate has been reduced to 6.985% for the life of the loan. The client was sixteen months behind owing over $19,000. The past due balance will be rolled into the back of the loan. The sale date and foreclosure process have been placed on hold.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: James P.
LENDER: EMC Mortgage
ORIGINAL PAYMENT: $741.42
MODIFIED PAYMENT: $500.00
MONTHLY SAVINGS: $241.42
TERMS: Approved for Six Month Trial Modification. The new lower first mortgage payment is due by the 15th of every month with no down payment of $410.68 due by January 14,2010. The past due balance will be rolled into the back of the loan. The foreclosure process have been placed on hold. Client will be reviewed for Permanent Modification after completing trial period.
MODIFICATION TEAM: The Mod Squad
|
CLIENT/BORROWER: Matthew and Eve
LENDER: Bank of America
ORIGINAL PAYMENT: $1,372.23
MODIFIED PAYMENT: $1,281.29
MONTHLY SAVINGS: $90.94
TERMS: Approved for Permanent Modification for the life of the loan. The client was thirteen months behind owing over $18,000. The past due balance will be rolled into the back of the loan. Her interest rate has been changed from an adjustable to a fixed rate.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Fay W.
LENDER: Bank of America
ORIGINAL PAYMENT: $2,333.87
MODIFIED PAYMENT: $1,250.61
MONTHLY SAVINGS: $1,083.26
TERMS: Approved for Three Month Trial MHA (Making Home Affordable) Modification. The client was 2 months behind owing $4,872.36 and does not have to make first payment until March 1st.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Rhonda D.
LENDER: Beneficial
ORIGINAL PAYMENT: $1,195.00
MODIFIED PAYMENT: $1,195.00
TERMS: Client has been approved for Fresh Start Program. The client does not have a current hardship and should be able to afford mortgage payment. The lender agreed to place the past due amount on the back of the loan and let the client resume mortgage payment in February.
MODIFICATION TEAM: The Mod Squad
|
CLIENT/BORROWER: Dana R.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,106.55
MODIFIED PAYMENT: $796.17
MONTHLY SAVINGS: $310.38
SALE DATE: January 12, 2010 CANCELED
TERMS: Approved for Three Month Trial MHA (Making Home Affordable) Modification. The sale date and foreclosure process have been cancelled due to MHA program.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Daniel S.
LENDER: Bank of America 2nd Mortgage
ORIGINAL PAYMENT: $202.00
MODIFIED PAYMENT: $153.96
MONTHLY SAVINGS: $48.04
TERMS: Approved for Traditional Modification. The client's first mortgage is in review.
MODIFICATION TEAM: The Mod Squad
| CLIENT/BORROWER: Lavonna D.
LENDER: Indy Mac
ORIGINAL PAYMENT: $543.34
MODIFIED PAYMENT: $282.50
MONTHLY SAVINGS: $260.84
TERMS: Approved for Three Month Trial MHA (Making Home Affordable) Modification. The 2nd mortgae is in review.
MODIFICATION TEAM: The Mod Squad
|
|