CALCULATION OF LOSS FOR SHORT SALE LOANS. No Preceeding Loan Mod under Loss Share
CALCULATION OF LOSS FOR SHORT SALE LOANS. No Preceeding Loan Mod under Loss Share Exhibit 2c(2) CALCULATION OF LOSS FOR SHORT SALE LOANS Short Sale after a Covered Loan Mod
CALCULATION OF LOSS FOR SHORT SALE LOANS. Short Sale after a Covered Loan Mod Notes to Exhibit 2c (short sale)
CALCULATION OF LOSS FOR SHORT SALE LOANS. (AFTER A COVERED LOAN MODIFICATION)
CALCULATION OF LOSS FOR SHORT SALE LOANS. Short-Sale after Covered Loan Restructuring
CALCULATION OF LOSS FOR SHORT SALE LOANS. (NO PRECEDING LOAN MODIFICATION UNDER LOSS SHARE)
CALCULATION OF LOSS FOR SHORT SALE LOANS. Loan written down to book value prior to Loss Share CALCULATION OF LOSS FOR SHORT SALE LOANS No Preceding Loan Restructure under Loss Share CALCULATION OF LOSS FOR SHORT SALE LOANS Short-Sale after Covered Loan Restructuring
CALCULATION OF LOSS FOR SHORT SALE LOANS. Loan written down to book value prior to Loss Share Exhibit 2b(2) CALCULATION OF LOSS FOR SHORT SALE LOANS No Preceeding Loan Mod under Loss Share
CALCULATION OF LOSS FOR SHORT SALE LOANS. No Preceeding Loan Mod under Loss Share 1 Shared-Loss Month: 2 Loan # May-09 58776 3 RO # 542 4 Interest paid-to-date 7/31/08 5 Short Payoff Date 4/17/09 6 Note Interest rate 7.750% 7 Owner occupied? Yes If so: 8 Borrower current gross annual income 38,500 9 Estimated NPV of loan mod 200,000 10 Most recent BPO 380,000 11 Most recent BPO date 1/31/06 Short-Sale Loss calculation 12 Loan Principal balance 375,000 13 Accrued interest, limited to 90 days 7,266 14 Attorney's fees 0 15 Tax and insurance advances 0 16 3rd party fees due 2,800 17 Incentive to borrower 2,000 18 Gross balance recoverable by Purchaser 387,066 19 Amount accepted in Short-Sale 255,000 20 Hazard Insurance 0 21 Mortgage Insurance 0 22 Total Cash Recovery 255,000 23 Loss Amount 132,066 Exhibit 2c(2) CALCULATION OF LOSS FOR SHORT SALE LOANS Short Sale after a Covered Loan Mod 1 Shared-Loss Month: 2 Loan # May-09 20076 3 REO # 345 4 Loan mod date 5/12/08 5 Interest paid-to-date 9/30/08 6 Short Payoff Date 4/2/09 7 Note Interest rate 7.500% 8 Most recent BPO 230,000 9 Most recent BPO date 1/21/09 Short-Sale Loss calculation 11 NPV of projected cash flows at loan mod 311,000 12 Less: Principal payments between loan mod and deliquency 1,000 Plus: 13 Attorney's fees 0
