CALCULATION OF FORECLOSURE LOSS. Foreclosure after a Covered Loan Mod 1 Shared-Loss Month May-09 2 Loan no: 138554 3 REO # 843 4 Loan mod date 1/17/08 5 Interest paid-to-date 4/30/08 6 Foreclosure date 1/15/09 7 Liquidation date 4/12/09 8 Note Interest rate 4.000% 9 Most recent BPO 210,000 10 Most recent BPO date 1/20/09 Foreclosure Loss calculation 11 NPV of projected cash flows at loan mod 285,000 12 Less: Principal payments between loan mod and deliquency 2,500 13 Plus:
CALCULATION OF FORECLOSURE LOSS. No Preceeding Loan Mod under Loss Share 1 Shared-Loss Month May-09 2 Loan no: 292334 3 REO # 477 4 Interest paid-to-date 4/30/08 5 Foreclosure date 1/15/09 6 Liquidation date 4/12/09 7 Note Interest rate 8.000% 8 Owner occupied? Yes 9 If owner-occupied: 10 Borrower current gross annual income 42,000 11 Estimated NPV of loan mod 195,000 12 Most recent BPO 235,000 13 Most recent BPO date 1/21/09 Foreclosure Loss calculation 16 Loan Principal balance after last paid installment 300,000 17 Accrued interest, limited to 90 days 6,000 18 Attorney's fees 0 Foreclosure costs, including title search, filing fees,
CALCULATION OF FORECLOSURE LOSS. Foreclosure after a Covered Loan Mod 1 Shared-Loss Month 20090531 2 Loan no: 138554 3 Interest Paid-to-Date 20080430 4 Foreclosure sale date 20090115 5 Liquidation date 20090412 6 Note Interest rate 0.04000 10 Valuation Date 20081215 11 Valuation Amount 210000 12 Valuation Type (Interior/exterior appraisal, BPO, AVM, etc) Ext Appr Foreclosure Loss calculation 16 NPV of projected cash flows at loan mod 285000 17 Less: Post modification principal payments 2500 Plus: Foreclosure costs, including title search, filing fees, 20 advertising, etc. 4000 21 Property protection costs, maint. and repairs 7000 22 Tax and insurance advances 2000 Other Advances 23 Appraisal/Broker's Price Opinion fees 0 24 Inspections 0 25 Other 0 Gross balance recoverable by Purchaser 295500 Cash Recoveries: 26 Net liquidation proceeds (from HUD-1 settl stmt) 201000 27 Hazard Insurance proceeds 0 28 Mortgage Insurance proceeds 0 29 T & I escrow account balances, if positive 0 30 Other credits, if any (itemize) 0 Total Cash Recovery 201000 31 Gain/Loss Amount 94500 Line item definitions located in SF Data Submission Handbook Notes to Exhibits 2c (foreclosure)
CALCULATION OF FORECLOSURE LOSS. No Preceeding Loan Mod under Loss Share 1 Shared-Loss Month May-09 2 Loan no: 292334 3 REO # 477 4 Interest paid-to-date 4/30/08 5 Foreclosure date 1/15/09 6 Liquidation date 4/12/09 7 Note Interest rate 8.000 % 8 Owner occupied? Yes 9 If owner-occupied: 10 Borrower current gross annual income 42,000 11 Estimated NPV of loan mod 195,000 12 Most recent BPO 235,000 13 Most recent BPO date 1/21/09 Foreclosure Loss calculation 16 Loan Principal balance after last paid installment 300,000 17 Accrued interest, limited to 90 days 6,000 18 Attorney’s fees 0 19 Foreclosure costs, including title search, filing fees, advertising, etc. 4,000 20 Property protection costs, maint. and repairs 5,500 21 Tax and insurance advances 1,500 Other Advances 22 Appraisal/Broker’s Price Opinion fees 0 23 Inspections 50 24 Other 0 25 Gross balance recoverable by Purchaser 317,050 Cash Recoveries: 26 Net liquidation proceeds (from HUD-1 settl stmt) 205,000 27 Hazard Insurance proceeds 0 28 Mortgage Insurance proceeds 0 29 T & I escrow account balances, if positive 0 30 Other credits, if any (itemize) 0 31 Total Cash Recovery 205,000 32 Loss Amount 112,050 Exhibit 2a(3) CALCULATION OF FORECLOSURE LOSS Foreclosure after a Covered Loan Mod 1 Shared-Loss Month May-09 2 Loan no: 138554 3 REO # 843 4 Loan mod date 1/17/08 5 Interest paid-to-date 4/30/08 6 Foreclosure date 1/15/09 7 Liquidation date 4/12/09 8 Note Interest rate 4.000 % 9 Most recent BPO 210,000 10 Most recent BPO date 1/20/09 Foreclosure Loss calculation 11 NPV of projected cash flows at loan mod 285,000 12 Less: Principal payments between loan mod and deliquency 2,500 13 Plus:
CALCULATION OF FORECLOSURE LOSS. Foreclosure after a Covered Loan Mod 1 Shared-Loss Month 20090531 2 Loan no: 138554 3 Interest Paid-to-Date 20080430 4 Foreclosure sale date 20090115 5 Liquidation date 20090412 6 Note Interest rate 0.04000 10 Valuation Date 20081215 11 Valuation Amount 210000 12 Valuation Type (Interior/exterior appraisal, BPO, AVM, etc) Ext Appr Foreclosure Loss calculation 16 NPV of projected cash flows at loan mod 285000 17 Less: Post modification principal payments 2500 Plus:
CALCULATION OF FORECLOSURE LOSS. During Term of the Agreement No Preceeding Loan Mod under Loss Share 1 Shared-Loss Month 20090531 2 Loan no: 292334 3 Interest Paid-to-Date 20080430 4 Foreclosure sale date 20090115 5 Liquidation date 20090412 6 Note Interest rate 0.08000 7 Occupancy Owner If owner occupied:
CALCULATION OF FORECLOSURE LOSS. Foreclosure Occurred Prior to Loss Share Agreement 1 Shared-Loss Month 2 Loan no: May-09 364574 3 REO # 621 4 Foreclosure date 12/18/08 5 Liquidation date 4/12/09 6 Note Interest rate 8.100% 7 Most recent BPO 228,000 8 Most recent BPO date 1/21/09 Foreclosure Loss calculation 9 Book value at date of Loss Share agreement 244,900 Accrued interest, limited to 90 days or days from failure 10 to sale, whichever is less 3,306 11 Costs incurred after Loss Share agreement in place: 12 Attorney's fees 0 Foreclosure costs, including title search, filing fees, 13 advertising, etc. 0 14 Property protection costs, maint. and repairs 6,500 15 Tax and insurance advances 0 Other Advances 16 Appraisal/Xxxxxx's Price Opinion fees 0 17 Inspections 0 18 Other 0 19 Gross balance recoverable by Purchaser 254,706 Cash Recoveries: 20 Net liquidation proceeds (from HUD-1 settl stmt) 219,400 21 Hazard Insurance proceeds 0 22 Mortgage Insurance proceeds 0 23 T & I escrow account balances, if positive 0 24 Other credits, if any (itemize) 0 25 Total Cash Recovery 219,400 26 Loss Amount 35,306 Exhibit 2a(2)
CALCULATION OF FORECLOSURE LOSS. Foreclosure after a Covered Loan Mod 1 Shared-Loss Month 20090531 2 Loan no: 138554 3 Interest Paid-to-Date 20080430 4 Foreclosure sale date 20090115 5 Liquidation date 20090412 6 Note Interest rate 0.04000 10 Valuation Date 20081215 11 Valuation Amount 210000 12 Valuation Type (Interior/exterior appraisal, BPO, AVM, etc) Ext Appr Foreclosure Loss calculation 16 NPV of projected cash flows at loan mod 285000 17 Less: Post modification principal payments 2500 Plus: 19 Attorney’s fees 0 20 Foreclosure costs, including title search, filing fees, advertising, etc. 4000 21 Property protection costs, maint. and repairs 7000 22 Tax and insurance advances 2000 Other Advances 23 Appraisal/Broker’s Price Opinion fees 0 24 Inspections 0 25 Other 0 Gross balance recoverable by Purchaser 295500 Cash Recoveries: 26 Net liquidation proceeds (from HUD-1 settl stmt) 201000 27 Hazard Insurance proceeds 0 28 Mortgage Insurance proceeds 0 29 T & I escrow account balances, if positive 0 30 Other credits, if any (itemize) 0 Total Cash Recovery 201000 31 Gain/Loss Amount 94500 Line item definitions located in SF Data Submission Handbook Module 1 – Whole Bank w/ Loss Share – P&A United Americas Bank, N.A. Version 2.11B Atlanta, Georgia October 8, 2010 122 Notes to Exhibits 2c (foreclosure)
CALCULATION OF FORECLOSURE LOSS. During Term of the Agreement No Preceding Loan Mod under Loss Share
CALCULATION OF FORECLOSURE LOSS. During Term of the Agreement — No Preceeding Loan Mod under Loss Share), provided Owner provides Servicer with any of the underlying information concerning Assets modified prior to the applicable Transfer Date;
