October 16, 2009
CLIENT/BORROWER: Carlos
LENDER: Homecomings
ORIGINAL PAYMENT: $1,160.91
MODIFIED PAYMENT: $1,070.61
MONTHLY SAVINGS: $90.30
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.
| 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.
| 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.
| 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.
| October 19, 2009
CLIENT/BORROWER: John
LENDER: IndyMac
ORIGINAL PAYMENT: $1,295.95
MODIFIED PAYMENT: $777.67
MONTHLY SAVINGS: $518.28
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.
| October 20, 2009
CLIENT/BORROWER: Karen
LENDER: Nation Star
ORIGINAL PAYMENT: $1,260.39
MODIFIED PAYMENT: $1,111.35
MONTHLY SAVINGS: $149.04
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.
| October 20, 2009
CLIENT/BORROWER: Robert
LENDER: Beneficial
ORIGINAL PAYMENT: $1,372.12
MODIFIED PAYMENT: $928.86
MONTHLY SAVINGS: $443.26
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
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.
| October 22, 2009
CLIENT/BORROWER: Joseph
LENDER: US Bank
ORIGINAL PAYMENT:$1,322.11
MODIFIED PAYMENT: $924.38
MONTHLY SAVINGS: $397.73
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.
| 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
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.
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