These results should not be taken as a guarantee, as each case is unique.
Payment was $1,164.77 PITI, 6.25% ARM, past due 6 months.
New interest rate 3% for 5 years, 4% for the 5th year, 5.0% for the 7th year and then fixed to 5.25% for the life of the loan, which has extended by 8 years. New PITI payment $787.73, saving $377.04 per month and $22,622.40 in the first five years.
Past due amount $4,753.40, principal and interest-only payments $1,482.00 with 7.13% interest, and full PITI payments were $1,841.25 per month.
Three month trial plan with full principal, interest, taxes and insurance. Monthly payment of $1,109.00. Final modification will be completed after three successful payments.
Borrower was approved for a final modification. Indymac granted a new maturity date of 1/1/50.
Final monthly savings of $485.26. Excellent stepped modification plan. Borrower is very happy!
Six months behind, owing $11,032.02. PITI payment $1,838.67, 4.75% interest rate.
Three month trial plan with payments of $1,708.76. Final modification will be completed after 3 payments.
Borrower was past due $19,387.89 and in foreclosure.
Three month trial plan with payments of $2,668.13. Final modification will be completed after 3 payments. Current savings of $2,068.26.
Regular PITI payment was $1,948.65, past due $22,616. with a sale date posted.
Special forbearance plan for 6 months with payments of $2,911.97.
Currently 5 months past due owing $13,029.36, monthly payments are $2,042.54 PITI with 6.12% interest rate.
Forbearance plan granted with 6 payments of $748.57, saving $1,293.97 per month. Wow! After 6 successful payments, Indymac will review the file for a permanent payment reduction.
Borrower was 7 months past due, PIT payments of $1,665.68 with 7.25% fixed interest rate.
Approved for a 3 month trial plan toward modification with PITI payments of $841.63, aving $824.05 per month. Wow! Full documentation will be completed after 3 successful payments.
Borrower was 9 months behind, owing $18,828.89 and in foreclosure. Monthly PITI payment was $2,130.07.
Approved for a 3 month trial plan while modification is completed. New payment is $1,679.93, saving $450.14 per month.
Borrower was 5 months past due, owing $21,912.39. Monthly PITI payment was $4,125.48 with 6.75% interest rate.
Approved for three month trial plan under Making Home Affordable. After three monthly payments of $2,360.03, loan will be review for permanent modification.
Borrower was in active foreclosure with a property sale date set for January 29, account was 19 months past due, owing $26,740.49. Monthly PITI payments were $1,539.00 with 6.875% fixed interest rate.
Permanent, full term modification. Loan extended 10 years, and reinstated with the same, fixed 6.875% interest. New monthly PITI payment is $1,095.07, saving $444.00 per month.
Monthly payment was $2,911.97 and borrower was making payments on a forbearance plan. Sale date scheduled for 11/24/09 was placed on hold.
Approved for HAMP trial plan with 3 monthly payments of $1,874.31. Monthly savings of $1,037.66.
Borrower was $31,395.76 past due and had a 7.625% interest rate with a monthly payment of $1,288.04 PITI. They were in foreclosure and had a sale date.