CLIENT/BORROWER: David and Carrie G.
LENDER: GMAC
ORIGINAL PAYMENT: $1,484.38
MODIFIED PAYMENT: $1,239.31
MONTHLY SAVINGS: $245.07
TERMS: Approved for Three Month Trial Modification. After trial period is successfully completed, the lender will review for permanent modification.
| CLIENT/BORROWER:Elizabeth S.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,659.55
MODIFIED PAYMENT: $1,334.64
MONTHLY SAVINGS: $324.91
SALE DATE: ON HOLD
TERMS: Approved for Three Month Trial Modification. The client was twelve months behind owing $22,730.80. The new lower first mortgage payment is due on March 1, 2010 and foreclosure process has been placed on hold. The past due balance can be rolled into the back of the loan when trial period is successfully completed and permanent modification is issued.
| CLIENT/BORROWER: Scott B.
LENDER: GMAC
ORIGINAL PAYMENT: $2,600.00
MODIFIED PAYMENT: $1,053.88
MONTHLY SAVINGS: $1,546.12
FIVE YEAR SAVINGS: $92,737.20
SALE DATE: Stopped February 17, 2010
TERMS: Approved for Five Year Modification. The Client has a new lower interest rate of 3.45% for five years and then an interest rate of 5% for the life of the loan. The old interest rate of 10% is wiped out. The sale date has been removed.
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CLIENT/BORROWER: Elysia N.
LENDER: Aurora Loans
ORIGINAL PAYMENT: $1,450.51
MODIFIED PAYMENT: $1,325.55
MONTHLY SAVINGS: $125.26
SALE DATE: ON HOLD
TERMS: Approved for Three Month MHA (Making Home Affordable)Trial Modification. The client is being reviewed for lower interest rate for permanent modification after trial period is successfully completed.
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CLIENT/BORROWER: Geoffery T.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,063.00
MODIFIED PAYMENT: $1,080.00
SALE DATE: March 25, 2010 (WILL BE STOPPED WHEN FIRST PAYMENT IS RECEIVED)
TERMS: The Client has been approved for a three month trial In House Modification. Payment went up due to financials but sale of home and foreclosure process has been halted. The Client was ten months behind.
| CLIENT/BORROWER: Andrew G.
LENDER: Chase
ORIGINAL PAYMENT: $1,346.69
MODIFIED PAYMENT: $835.41
MONTHLY SAVINGS: $511.28
TERMS: Approved for Three Month Trial Modification. After trial period is successfully completed, the lender will review for permanent modification.
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CLIENT/BORROWER: Randall D.
LENDER: Bank of America
ORIGINAL PAYMENT: $1,100.45
MODIFIED PAYMENT: $970.75
MONTHLY SAVINGS: $129.70
SALE DATE: ON HOLD
TERMS: The Client has been approved for a Permanent Modification. The Original Higher Interest Rate of 7% was reduced to the New Lower Interest Rate 5.3%. The sale date of the home has been put on hold and foreclosure procedure has been halted.
| CLIENT/BORROWER: Paul C. and Rosaline D.
LENDER: Citimortgage
ORIGINAL PAYMENT: $1,355.67
MODIFIED PAYMENT: $750.00
MONTHLY SAVINGS: $605.67
LIFE OF LOAN SAVINGS: $103,500.00
TERMS: The Client has been approved for a MHA (Making Homes Affordable) Modification. The Old Higher Interest Rate of 6.37% reduced to a New Higher Interest Rate of 5.25%. The Client was six months behind owing $9,825.09.
| CLIENT/BORROWER: Leslie W.
LENDER: First Franklin
ORIGINAL PAYMENT: $1,433.00
MODIFIED PAYMENT: $1,279.69
MONTHLY SAVINGS: $153.31
TERMS: The Client has been approved for a three month trial MHA (Making Homes Afforadable) Modification. Payments must be made on time. The sale date of the home has been put on hold and foreclosure procedure has been halted.
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CLIENT/ BORROWER: Billy B.
LENDER: US Bank
ORIGINAL PAYMENT: $1,936.36
MODIFIED PAYMENT: $1,936.36
TERMS: The Client has been approved for a trial Modification. Payment will go down after four month trial period is successfully completed. The interest rate of 5.5% will be reduced to 5.25% with the past due balance being deferred to the back of the loan. The Client has turned down modification offer and taken the forensic analysis that we did and hired an attorney.
| CLIENT/BORROWER: Julie Ann H.
LENDER: Citimortgage
ORIGINAL PAYMENT: $1,355.67
MODIFIED PAYMENT: $750.00
MONTHLY SAVINGS: $605.67
THREE MONTH SAVINGS: $1,817.01
SALE DATE: March 18, 2010 (ON HOLD)
TERMS: The Client has been approved for a three month trial MHA (Making Homes Afforadable) Modification. Payments must be made on time. The sale date of the home has been put on hold and foreclosure procedure has been halted.
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CLIENT/BORROWER: Pamela G.
LENDER: Bank of America
ORIGINAL PAYMENT: $963.39
MODIFIED PAYMENT: $360.14
MONTHLY SAVINGS: $603.25
FOUR MONTH SAVINGS: $2,413.00
TERMS: The Client has been approved for a four month trial Modification. Client was not behind on their mortgage.
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CLIENT/BORROWER:Luis V.
LENDER: Bank of America
ORIGINAL PAYMENT: $2,385.20
MODIFIED PAYMENT: $2,320.18
MONTHLY SAVINGS: $65.02
TERMS: Approved for Traditional Modification. The Client Old Higher Interest Rate of 5.625% was reduced to the New Lower Interest Rate of 3.25%. All past due balance rolled into back of the loan bringing this loan current.
| CLIENT/BORROWER: Susan S.
LENDER: Wells Fargo
ORIGINAL PAYMENT: $3,221.43
MODIFIED PAYMENT: $2,715.16
MONTHLY SAVINGS: $506.27
TERMS: Approved for Twelve Month Trial Modification. The Client must make original payment in February and March. The new payment will start in April. The interest rate has been dropped one point.
| CLIENT/BORROWER: John and Rebecca
LENDER: Ocwen
ORIGINAL PAYMENT: $1.448.10
MODIFIED PAYMENT: $1,360.42
MONTHLY SAVINGS: $87.86
TERMS: Approved for Three Month Trial MHA (Making Homes Affordable) Modification. The Client was two months behind and can reapply for lower payment after trial period.
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CLIENT/BORROWER: W.
LENDER: Bank of America
ORIGINAL PAYMENT: $657.80
MODIFIED PAYMENT: $577.63
MONTHLY SAVINGS: $80.17
SALE DATE: ON HOLD
TERMS: Approved for Three Month Trial MHA (Making Homes Affordable) Modification. The Client was twenty seven months behind owing $18,602.66. These trial period payments must be made for MHA Program. The foreclosure proceedings have been placed on hold.
| CLIENT/BORROWER:Kaye V.
LENDER: Ocwen
ORIGINAL PAYMENT: $1.317.00
MODIFIED PAYMENT: $873.98
MONTHLY SAVINGS: $443.02
TERMS: Approved for Three Month Trial Modification. The Client was granted a grace period for April's payment only not being due until April 30th, 2010.
| CLIENT/BORROWER: John K.
LENDER: Ocwen
ORIGINAL PAYMENT: $1573.73 payment + escrow
MODIFIED PAYMENT: $1573.73 payment includes escrow
TERMS: Approved for Traditional Modification. The Client was twenty two months behind and this modification will bring them current. The Old Higher Interest Rate of 10.3% has been reduced to 6.99% for three years and then capping out at 7.886% for the life of the loan.
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CLIENT/BORROWER:Mitchell O.
LENDER: Wells Fargo
ORIGINAL PAYMENT: $790.11
MODIFIED PAYMENT: $640.34
MONTHLY SAVINGS: $149.77
TERMS: Approved for Permanent Modification. The Client Old Higher Interest Rate of 6.87% has been reduced to a
New Lower interest rate of 4.0% for the life of the loan. The old interest rate of 10% is wiped out.
| CLIENT/BORROWER: Scott W.
LENDER: Citimortgage
ORIGINAL PAYMENT: $1,638.40
MODIFIED PAYMENT: $1,348.05
MONTHLY SAVINGS: $260.35
SALE DATE: February 15th (Cancelled)
TERMS: Approved for Three Month Trial to Five Year Modification. The Client has a new lower interest rate of 2% for five years and then increase of 1% a year after first five years until the max of interest rate of 5% is reached. It will stay at 5% for the life of the loan. These new terms will go into effect after three month trial period is successfully completed.
| CLIENT/BORROWER: Nicole and Michael H.
LENDER: HSBC
ORIGINAL PAYMENT: $1,964.49
MODIFIED PAYMENT: $1,545.60
MONTHLY SAVINGS: $418.49
TERMS: Approved for Six Month Trial Modification. The Client has a new lower interest rate of 5.25% for six months. Original higher Interest Rate was 7.74%. A qualifying payment of $1.545.60 must be sent. During 5th month, client can apply for eighteen month extension. The loans current foreclosure status with $17,331 past due balance will be placed on hold during modification period. Lender is suggesting client try to pay down balance during modification period.
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CLIENT/BORROWER: Marva K.
LENDER: TD Bank
ORIGINAL PAYMENT: $1.343.07
MODIFIED PAYMENT: $1,343.07
TERMS: Approved for Restructure Modification. The Client was fourteen months behind owing $18,802.98. After making first three payments (qualifying payments) the past due amount will be deferred into the back of the loan. This will bring the client current and stop foreclosure proceedings.
| CLIENT/BORROWER:John and Regina G.
LENDER: HSBC
ORIGINAL PAYMENT: $1,272.82
MODIFIED PAYMENT: $905.02
MONTHLY SAVINGS: $367.80
TERMS: Approved for Six Month Trial Modification. The Old Higher Interest Rate of 8.850% has been reduced to New Lower Interest Rate of 5.25%. During 5th month client can apply for extension.
| CLIENT/BORROWER: Paul and Dennis W.
LENDER: Citimortgage
ORIGINAL PAYMENT: $1,679.00
MODIFIED PAYMENT: $1,489.18
MONTHLY SAVINGS: $189.82
LIFE OF LOAN SAVINGS: $68,335.20
TERMS: Approved for Permanent Modification. The Old Higher Interest Rate of 6% has been reduced to the New Lower Interest Rate of 4.875%. This interest rate is good for the life of the loan. The Client had a past due balance of $8,509.48 that will be put back into the principle of the loan bringing them current.
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CLIENT/ BORROWER: Juanita C.
LENDER: Citimortgage
ORIGINAL PAYMENT: $1,188.50
MODIFIED PAYMENT: $1,184.82
TERMS: The Client has been approved for a three month trial HAMP Modification. Payment did not change much but can go down after three month trial period is successfully completed. The interest rate can be reviewed for reduction for permanent modification.
| CLIENT/BORROWER: Michael D.
LENDER: HSBC
ORIGINAL PAYMENT: $2,740.90
MODIFIED PAYMENT: $2,623.48
MONTHLY SAVINGS: $117.42
TERMS: Approved for Permanent Modification. Monthly payments will be $2,623.48 including the escrow where the old higher payment of $2,740.90 did not include escrow. The interest will remain the same. This is the best deal offered due to client's disposable income and rental property.
| CLIENT/ BORROWER: Shawn and Melanie
LENDER: Saxon
ORIGINAL PAYMENT: $1,625.22
MODIFIED PAYMENT: $1,741.13
TERMS: The Client has been approved for a five month trial Modification. The interest rate has stayed the same but the client will be bought current. They were nine months behind.
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CLIENT/BORROWER:Jason W.
LENDER: Chase
ORIGINAL PAYMENT: $1.239.71
MODIFIED PAYMENT: $1,178.33
MONTHLY SAVINGS: $61.38
TERMS: Approved for Six Month Special Forbearance. The Client was four months behind owing $5,254.23. After successfully completing six month forbearance client can apply for permanent modification to have past due balance rolled into back of the loan and lower interest rate and can avoid foreclosure proceedings..
| CLIENT/BORROWER:Iganico Z.
LENDER: Bank of America
ORIGINAL PAYMENT: $2,579.87
MODIFIED PAYMENT: $2,320.72
MONTHLY SAVINGS: $259.15
TERMS: Approved for Trial MHA (Making Homes Affordable) Modification. This will put client back on 30 year modification.
| CLIENT/BORROWER:Susan S.
LENDER: Wells Fargo
ORIGINAL PAYMENT: $3.221.43
MODIFIED PAYMENT: $2,715.16
MONTHLY SAVINGS: $506.27
YEAR SAVINGS: $6,075.24
TERMS: Approved for Twelve Month Modification. The Interest rate has been reduced 1% for one year. After twelve months client will go back to original payment or can reapply.
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CLIENT/BORROWER: Donna and John W.
LENDER: AHMSI
ORIGINAL PAYMENT: $2,919.58
MODIFIED PAYMENT: $2,031.16
MONTHLY SAVINGS: $888.42
SALE DATE: ON HOLD
TERMS: Approved for Three Month MHA (Making Homes Affordable) Trial Modification. The client had a past due amount of $60,072.50. First new payment is due April 1, 2010 and foreclosure proceeding and sale of home have been put on hold.
| CLIENT/BORROWER: Ron and Kinda R.
LENDER: MGC Mortgage
ORIGINAL PAYMENT: $1,146.57
MODIFIED PAYMENT: $1,304.79
PERMANENT PAYMENT: $1,234.36
SALE DATE: STOPPED
TERMS: Approved for Permanent Modification. The client was eight months behind. Payment will increase for twenty four months to catch up past due balance than payment will go down to $1,234.36 for the life of the loan.
| CLIENT/BORROWER: Marc and Donna S.
LENDER: Beneficial 2nd Mortgage
ORIGINAL PAYMENT: $541.33
MODIFIED PAYMENT: $270.67
MONTHLY SAVINGS: $270.66
TERMS: Approved for Six Month Loan Modification. The client can re apply after six month mod is successfully completed.
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CLIENT/BORROWER: James M.
LENDER: Home Equity
ORIGINAL PAYMENT: $1,431.31
MODIFIED PAYMENT: $650.10
MONTHLY SAVINGS: $781.21
FORECLOSURE PROCESS: ON HOLD
TERMS: Approved for Three Month Trial Modification. The client was nine months behind owing $19,413.79. The foreclosure process has been placed on hold upon completing trial, client can reapply for permanent modification.
| CLIENT/BORROWER: James and Kelly C.
LENDER: Homecomings
ORIGINAL PAYMENT: $408.68
MODIFIED PAYMENT: $208.86
MONTHLY SAVINGS: $127.82
TERMS: Approved for Three Month Trial In House Modification. The is being re-reviewed after trial period is successfully completed.
| CLIENT/BORROWER: Helen W.
LENDER: Chase
ORIGINAL PAYMENT: $2,157.08
MODIFIED PAYMENT: $1,445.43
MONTHLY SAVINGS: $711.65
TERMS: Approved for Three Month Special Forbearance Extension Modification. The client finished their first three month trial special forbearance.
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CLIENT/BORROWER: Jessica C.
LENDER: Home Equity (2nd Mortgage)
ORIGINAL PAYMENT: $656.00
MODIFIED PAYMENT: $411.32
MONTHLY SAVINGS: $244.68
FORECLOSURE PROCESS: ON HOLD
TERMS: Approved for Modification. The client's monthly payment has been calculated by unpaid balance with a 5% interest rate.
| CLIENT/BORROWER: Scott S.
LENDER: Wells Fargo
ORIGINAL PAYMENT: $2,186.21
MODIFIED PAYMENT: $1,652.31
MONTHLY SAVINGS: $533.90
TERMS: Approved for Three Month Trial MHA (Making Homes Affordable) Modification. New interest rate will be decided when permanent modification is issued.
| CLIENT/BORROWER: Edgardo V.
LENDER: Chase
ORIGINAL PAYMENT: $1,469.40
MODIFIED PAYMENT: $1,481.21
MONTHLY SAVINGS: $51.19
FORECLOSURE PROCESS: ON HOLD
TERMS: Approved for Permanent Modification. The client was thirteen months behind owing $19,102.20. The foreclosure process has been placed on hold.
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CLIENT/BORROWER: Aida E.
LENDER: ASC
ORIGINAL PAYMENT: $2,336.71
MODIFIED PAYMENT: $1,482.60
MONTHLY SAVINGS: $854.11
TERMS: Approved for Permanent Modification. Old Higher Interest Rate of 9.375% has been reduced to New Lower Interest Rate 4.25%.
| CLIENT/BORROWER: Victor V.
LENDER: Ocwen (2nd Mortgage)
ORIGINAL PAYMENT: $324.78
MODIFIED PAYMENT: $162.00
MONTHLY SAVINGS: $162.78
TERMS: Approved for Three Month Trial to Thirty Six Month Modification. The Interest Rate will be dropped to 2% for the trial and 36 month extension and will go back to original payment after 36 months.
| CLIENT/BORROWER: Chantell C.
LENDER: Ocwen
ORIGINAL PAYMENT: $4,086.25
MODIFIED PAYMENT: $4,373.67
TERMS: Approved for Permanent Modification. The client was eight months behind with a past due balance over $32,000. The payment went up due to escrow. This past due amount will be rolled into the back of the loan and bring the loan current.
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CLIENT/BORROWER: Guadalupe M.
LENDER: Wells Fargo
ORIGINAL PAYMENT: $1,314.75
MODIFIED PAYMENT: $1,300.89
MONTHLY SAVINGS: $13.86
FORECLOSURE PROCESS: ON HOLD
TERMS: Approved for Permanent Modification. The client was fourteen months behind owing $17,922.67. The foreclosure process has been placed on hold and the past due balance will be rolled into the loan. The Original Higher Interest Rate of 6% has been reduced to the New Lower Interest Rate of 5.375%.
| CLIENT/BORROWER: Walter B.
LENDER: AHMSI
ORIGINAL PAYMENT: $2,486.62
MODIFIED PAYMENT: $1325.61
MONTHLY SAVINGS: $1,161.01
TERMS: Approved for Three Month Trial Modification. The client was nine months behind owing $19,413.79. The foreclosure process has been placed on hold upon completing trial, client can reapply for permanent modification.
| CLIENT/BORROWER:Rickey W.
LENDER: Wells Fargo
ORIGINAL PAYMENT: $880.63
MODIFIED PAYMENT: $913.63
TERMS: Approved for a Second Extension Special Forbearance. Lender will not place loan in HAMP Program. Loan must be bought more current to qualify for any permanent Modification. The Second Forbearance Plan will keep home out of foreclosure and client can reapply after plan is successfully completed. The Client was not happy.
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CLIENT/BORROWER: Donald A.
LENDER: Citimortgage
ORIGINAL PAYMENT: $2,829.27
MODIFIED PAYMENT: $1,825.59
MONTHLY SAVINGS: $1,003.68
LIFE OF THE LOAN SAVINGS: $361,324.80
TERMS: Approved for Permanent Modification. The Client's Old Higher Interest Rate of 7.95% was reduced to the New Lower Interest Rate of 3%.
| CLIENT/BORROWER: Rosalie and Paul D.
LENDER: Citimortgage
ORIGINAL PAYMENT: $3,742.30
MODIFIED PAYMENT: $3,454.80
MONTHLY SAVINGS: $287.50
LIFE OF LOAN SAVINGS: $103,500.00
TERMS: Approved for Modification. The Old Higher Interest Rate of 6.37% has been reduced to the New Lower Interest Rate of 5.25%. The client was six months behind owing $9,825.09. The past due balance will be rolled into the loan.
| CLIENT/BORROWER: Leslie W.
LENDER: First Franklin
ORIGINAL PAYMENT: $1,433.00
MODIFIED PAYMENT: $1,279.69
MONTHLY SAVINGS: $153.31
TERMS: Approved for Trial Modification. The Client was thirteen months behind and owing the lender $20,014.59.
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CLIENT/BORROWER: Sharyn and James C.
LENDER: Citimortgage
ORIGINAL PAYMENT: $1,125.57
MODIFIED PAYMENT: $904.45
MONTHLY SAVINGS: $221.12
TERMS: Approved for Step Rate Modification. The client four nine months. The new payment of $904.45 at 3% interest rate for twenty four months. After that rate will go to 4% for the next twelve months and then capping our at 5% for the life of the loan.
| CLIENT/BORROWER: Love K.
LENDER: GMAC
ORIGINAL PAYMENT: $3,350.00
MODIFIED PAYMENT: $2,429.19
MONTHLY SAVINGS: $920.81
TERMS: Approved for Three Month Trial Modification. The client was current with her mortgage payments.
| CLIENT/BORROWER: Josie N.
LENDER: Bank of America
ORIGINAL PAYMENT: $2,913.88
MODIFIED PAYMENT: $2,003.17
MONTHLY SAVINGS: $910.71
TERMS: Approved for Permanent Modification. The client had a past due balance of $12,920.65. The foreclosure process has been placed on hold and the past due balance is to be rolled to the back of the loan.
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