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Citi Mortgage Loan Modification Case Results

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Citi - [ID: #0001]

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Before

Payment was $394.83.

After

New fixed payment for 25 years is $272.11. Amount of $1953.32 was deferred on this equity line.

Citi- [ID: #0002]

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Before

7.0% P&I payment of $1,409.56, taxes and insurance were $279.61 total payment of $1,689.17.

After

New payment $1,042.02, new escrow $260.52 total new payment $1,302.56.

Citi - [ID: #0003]

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Before

$1,588.92 PITI payment, 10.15%.

After

New PITI payment is $1,170.69.

Citi Mortgage Modifications

Citi - [ID: #0004]

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Before

Past due $13,114.65, monthly payment of $2,515.55.

After

New payment is $1,240.00. Monthly savings of $1,275.55.

Citi - [ID: #0005]

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Before

Monthly payment of $1,770.92 PITI, past due over $10,000.

After

Trial plan for 3 months on 1st mortgage for $750, savings of $1,020.92 per month.

Citi- [ID: #0006]

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Citi- [ID: #0007]

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Before

Payment was $1,067.30 with 6% interest rate. Six months past due, totaling $6,403.80.

After

New monthly payment is $1,031.06 with 5.50% interest rate.

Citi - [ID: #0008]

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Before

Monthly payment $1,572.33 PITI, 8.25% adjustable interest rate, 13 months behind. Borrower owed over $18,000 plus late fees.

After

Trial modification with 2.0% intereste for 40 years. Monthly payment is now $785.07. Monthly savings of $787.26.

Citi - [ID: #0009]

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Before

Payment was $2904.11 with interest rate of 6.50%.

After

New payment is $1495.35 with interest rate 2%.

Citi - [ID: #0010]

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Citi- [ID: #0011]

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Citi- [ID: #0012]

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Before

Current monthly payment $782.58 (PITI), five months past due with total amount $3,935.48 owed.

After

New payment $ 555.87 (PITI), for Making Home Affordable 3 months Trial Plan, saving $226.71 per month.

Citi- [ID: #0013]

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Before

Borrower was past due $45,365.45, and in foreclosure. Monthly PITI payments of $2,384.22 with 9.65% interest.

Trial Loan Modification

Approved for three month trial plan with monthly payments of $1,431.89, saving $952.33 per month.

Citi- [ID: #0014]

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Before

Account was in collection total amount past due $ 43,617.63.

Settled

Settled for 20% of the total amount, borrower paid $8,668.00 and the mortgage is paid off.

Citi- [ID: #0015]

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Before

Borrower was 10 months past due owing $18,743.80. Monthly PITI payment was $1,874.38 with 6.75% interest rate.

After

No upfront deposit required. New interest rate is 5.625% with monthly PITI payments of $1,708.28, saving $166.10 per month.

Citi- [ID: #0016]

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Before

Borrower was 4 months past due with a fixed interest rate of 6.75% and monthly PITI payments of $1,739.71.

After

Borrower received a traditional modification and payments were reduced to $1,510.07 PITI ($229.64 savings per month). Term was extended to 30 years and interest rate was lowered to 4.875%.

Citi- [ID: #0017]

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Before

Borrower was 12 months past due owing $35,269.75. Monthly PITI payments were $2,515.55 with a fixed 5.25% interest rate.

Trial Loan Modification

Approved for 3 month trial plan with payments of $1,240.00.

After

Borrower received a Final Modification with monthly payments starting at $1,394.76 ($1,120.79 savings per month) and an interest rate of 2.00% for 5 years, 3.00% the 6th year, 4.00% the 7th year, and fixed 4.75% for the 8% year and the remaining life of the loan.

Citi- [ID: #0018]

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Before

Borrower was past due $41,634.91 and had an interest rate of 6% with monthly payments of $1,699.13 PITI. Lender had started foreclosure procedures.

After:Borrower's monthly payment was reduced to $1,508.06 PITI ($191.07 savings per month) and interest rate to 5.25%.

 

Citi- [ID: #0019]

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Before

Borrower was 6 months past due with an interest rate of 6.625% and a monthly payment of $1,643.38 PITI.

After

Borrower's interest rate was reduced to 2.125% and monthly payments of $1,141.85 PITI ($501.83 savings). The 6th year the rate will change to 3.125%, 7th year to 4.125%, 8th year and for life of loan to 4.625%.

Citi- [ID: #0020]

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Before

Property was in active foreclosure and borrower was $25,970.95 past due. Monthly PITI payment was $1,589.35 with an interest rate of 7.250%.

After

Borrower received a fresh start with a monthly payment of $1,104.21 PITI ($485.14 savings per month). New interest rate is 3.750% for the first 5 years and changes to 4.375% the 6th year and for the life of the loan.

Citi- [ID: #0021]

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Before

Borrower was 8 months past due with a monthly mortgage payment of $711.00 and a 9.4% interest rate.

After

Entire CITI mortgage balance of $82,450.29 was charged off, homeowner now has monthly payments of $300.00 and pays no interest! Payments are lowered by more than 50% and years are taken off what this homeowner would have been paying.

Citi- [ID: #0022]

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Before

Homeowner was past due $30,879 at a 4.78% interest rate. Monthly payments were $1,631.35 and client was a year and a half past due.

Trial Loan Modification

Client was approved for a Citi Supplemental Modification with payments of $666.21 for 3 months.

Final Loan Modification

Homeowner completed their trial plan and was granted a permanent modification of $685.15 (PITI) with a fixed rate of 4.78%. $175,535.03 principal reduction and the new principal balance is only $67,498.93! Savings of $946.20 per month! Great CITI loan modification for this homeowner!

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