CALCULATION OF LOSS FOR SHORT SALE LOANS. No Preceeding Loan Mod under Loss Share 1 Shared-Loss Month: May-09 2 Loan # 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. No Preceeding Loan Mod under Loss Share 1 Shared-Loss Month: 20090531 3 Interest Paid-to-Date 20080731 4 Short Payoff Date 20090417 5 Note Interest rate 0.07750 6 Occupancy Owner If owner occupied:
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: May-09 2 Loan # 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
CALCULATION OF LOSS FOR SHORT SALE LOANS. Loan written down to book value prior to Loss Share 1 Shared-Loss Month: 20090531 3 Interest Paid-to-Date 20071130 4 Short Payoff Date 20090522 5 Note Interest rate 0.08500 6 Occupancy Owner If owner occupied: 7 Household current annual income 45000 8 Estimated NPV of loan mod 220000 9 Valuation Date 20090121 10 Valuation Amount 300000 Valuation Type (Interior/exterior appraisal, 11 BPO, AVM, etc) Ext Appraisal Short-Sale Loss calculation 13 Book Value 300000 14 Less: Post closing principal payments 0 17 Accrued interest, limited to 90 days 6375 18 Attorney's fees 75 Foreclosure costs, including title search, 19 filing fees, advertising, etc. 0 Property protection costs, maint., repairs and any costs or expenses relating to 20 environmental conditions 0 21 Tax and insurance advances 0 Other Advances 22 Appraisal/Broker’s Price Opinion fees 250 23 Inspections 600 24 Other 0 25 Incentive to borrower 5000 Gross balance recoverable by Purchaser 312300 26 Amount accepted in Short-Sale (net proceeds) 275000 27 Hazard Insurance 0 28 Mortgage Insurance 0 29 T & I escrow account balance, if positive 0 30 Other credits, if any (itemize) 0 Total Cash Recovery 275000 31 Gain/Loss Amount 37300 1 Costs with respect to environmental remediation activities are limited to $200,000 unless prior consent of the FDIC Line item definitions located in SF Data Submission Handbook Exhibit 2b(2) CALCULATION OF LOSS FOR SHORT SALE LOANS No Preceeding Loan Mod under Loss Share 1 Shared-Loss Month: 20090531 3 Interest Paid-to-Date 20080731 4 Short Payoff Date 20090417 5 Note Interest rate 0.07750 6 Occupancy Owner If owner occupied:
CALCULATION OF LOSS FOR SHORT SALE LOANS. Loan written down to book value prior to Loss Share 1 Shared-Loss Month: 20090531 3 Interest Paid-to-Date 20071130 4 Short Payoff Date 20090522 5 Note Interest rate 0.08500 6 Occupancy Owner If owner occupied: 7 Household current annual income 45000 8 Estimated NPV of loan mod 220000 9 Valuation Date 20090121 10 Valuation Amount 300000 Valuation Type (Interior/exterior appraisal, 11 BPO, AVM, etc) Short-Sale Loss calculation 13 Book Value
CALCULATION OF LOSS FOR SHORT SALE LOANS. Short Sale after a Covered Loan Mod 1 Shared-Loss Month: 20090531 3 Interest paid-to-date 20080930 4 Short Payoff Date 20090402 5 Note Interest rate 0.07500 9 Valuation Date 20090121 10 Valuation Amount 230000 11 Valuation Type (Interior/exterior appraisal, BPO, AVM, etc) Ext Appraisal Short-Sale Loss calculation 15 NPV of projected cash flows at first loan mod 311000 16 Less: Post modification principal payments 1000 Plus:
CALCULATION OF LOSS FOR SHORT SALE LOANS. Short Sale after a Covered Loan Mod 1 Shared-Loss Month: May-09 2 Loan # 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 14 Tax and insurance advances 1,500 15 3rd party fees due 2,600 16 Incentive to borrower 3,500 17 Gross balance recoverable by Purchaser 317,600 18 Amount accepted in Short-Sale 234,000 19 Hazard Insurance 0 20 Mortgage Insurance 0 21 Total Cash Recovery 234,000 22 Loss Amount 83,600 Module 1 – Whole Bank w/ Loss Share – P&A Version 1.08 July 24, 0000 XXXXXX XXXX XXXXX XXXX, XXXX Notes to Exhibit 2c (short sale)
CALCULATION OF LOSS FOR SHORT SALE LOANS. Loan written down to book value prior to Loss Share 1 Shared-Loss Month: 20090531 2 Loan # 62201 3 Interest Paid-to-Date 20071130 4 Short Payoff Date 20090522 5 Note Interest rate 0.08500 6 Occupancy Owner If owner occupied:
CALCULATION OF LOSS FOR SHORT SALE LOANS. Short Sale after a Covered Loan Mod 1 Shared-Loss Month: 20090531 3 Interest paid-to-date 20080930 4 Short Payoff Date 20090402 5 Note Interest rate 0.07500 9 Valuation Date 20090121 10 Valuation Amount 230000 11 Valuation Type (Interior/exterior appraisal, BPO, AVM, etc) Ext Appraisal Short-Sale Loss calculation 15 NPV of projected cash flows at first loan mod 311000 16 Less: Post modification principal payments 1000 Plus: 18 Attorney's fees 0 19 Foreclosure costs, including title search, filing fees, advertising, etc. 0 Property protection costs, maint., repairs and any costs or 20 expenses relating to environmental conditions 0 21 Tax and insurance advances 0 Other advances 22 Appraisal/Broker’s Price Opinion fees 350 23 Inspections 600 24 Other 0 25 Incentive to borrower 3500 Gross balance recoverable by Purchaser 314450 26 Amount accepted in Short-Sale (net proceeds) 210000 27 Hazard Insurance 0 28 Mortgage Insurance 0 29 T & I escrow account balance, if positive 400 30 Other credits, if any (itemize) 0 Total Cash Recovery 210400 Costs with respect to environmental remediation activities are limited to $200,000 unless prior consent of the FDIC Line item definitions located in SF Data Submission Handbook Module 1 – Whole Bank w/ Loss Share – P&A Western Commercial Bank Version 2.10B Woodlands Hills, California September 22, 2010 Notes to Exhibits 2b (short sale)
CALCULATION OF LOSS FOR SHORT SALE LOANS. Short Sale after a Covered Loan Mod Shared-Loss Month: May-09 Loss # S2 Loan # 20076 Loan mod date 5/12/2008 Interest paid-to-date 9/30/2008 Short Payoff Date 4/2/2009 Note Interest rate 7.500% Most recent BPO 230,000 Most recent BPO date 1/21/2009 Short-Sale Loss calculation NPV of projected cash flows at loan mod 311,000 Less: Principal payments between loan mod and delinquency 1,000 Plus: Attorney’s fees 0 Tax and insurance advances 1,500 Property protection costs, maint., repairs and any costs or expenses relating to environmental conditions, (it being understood that any such costs with respect to remediation activities are limited to $200,000 per asset without Assuming Bank having received the prior consent of the FDIC) 0 3rd party fees due 2,600 Incentive to borrower 3,500 Gross balance recoverable by Purchaser 317,600 Amount accepted in Short-Sale 234,000 Hazard Insurance 0 Mortgage Insurance 0 Total Cash Recovery 234,000 Loss Amount 83,600 Exhibit 2d Shared-Loss Month: [input month] Loan no.: [input loan no.)
