Terms of Modified/Restructured Loan Sample Clauses

Terms of Modified/Restructured Loan. 16 1st Trial Payment Due Date 20090119 17 Modification Effective Date 20090419 Net Unpaid Principal Balance (net of forbearance & 18 principal reduction) 467188 19 Principal forbearance 0 20 Principal reduction 0 21 Product (fixed or step) step 22 Remaining amortization term 480 23 Maturity date 20490119 24 Interest rate 0.02159 25 Next Payment due date 20090601 26 Monthly payment - P&I 1454 27 Monthly payment - T&I 1000 Total monthly payment 2454 28 Next reset date 20140501 29 Interest rate change per adjustment 0.01000 30 Lifetime interest rate cap 0.05530 31 Back end DTI 0.45000 Restructuring Loss Calculation same as Unpaid Principal Balance before 4 above restructuring/modification 450000 34 Accrued interest, limited to 90 days 7313 35 Attorney's fees 0 Foreclosure costs, including title search, filing fees, 36 advertising, etc. 500 37 Property protection costs, maint. and repairs 0 38 Tax and insurance advances 2500 Other Advances 39 Appraisal/Broker's Price Opinion fees 100 40 Inspections 0 41 Other 0 Total loan balance due before restructuring 460413 Cash Recoveries: 42 MI contribution 0 43 Other credits 0 44 T & I escrow account balances, if positive Total Cash Recovery 0 Assumptions for Calculating Loss Share Amount, Restructured Loan: 45 Discount rate for projected cash flows 0.05530 46 Loan prepayment in full 120 47 NPV of projected cash flows (see amort schd1) 386927 48 Gain/Loss Amount 73485 Line item definitions can be found in SFR Data Submission Handbook. Exhibit 2a(2)
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Terms of Modified/Restructured Loan. Closing date on modified/restructured loan New Principal balance Remaining term Interest rate Monthly payment - P&I Monthly payment - T&I Total monthly payment Loan type (Fixed-rate, ARM, I/O, Option ARM, negative amortization features, etc.) Lien type (1st, 2nd) If adjustable: Initial interest rate Term - initial interest rate Initial payment amount Term - initial payment amount Negative amortization? [Yes/No] Rate reset frequency after first adjustment Next reset date Index Margin Cap per adjustment Lifetime Cap Floor Restructuring Loss Calculation Loan Principal balance before restructuring xx Accrued interest, limited to 90 days xx (1) Tax and insurance advances xx 3rd party fees due xx Total loan balance due before restructuring XX XX (A) Assumptions for NPV Calculation, Restructured Loan: Discount rate for projected cash flows xx% (2) Loan prepayment in full 120 months NPV of projected cash flows (3) XX XX (B) Loss Amount XX (A) - (B) Times 80% (Receiver Loss Share percentage) 80% Amount due Assuming Bank for Receiver Loss Share Amount XX Footnotes
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Terms of Modified/Restructured Loan. 16 1st Trial Payment Due Date 20090119 17 Modification Effective Date 20090419 18 Net Unpaid Principal Balance (net of forbearance & principal reduction) 403147 19 Principal forbearance 60040 20 Principal reduction 0 21 Product (fixed or step) step 22 Remaining amortization term 480 23 Maturity date 20490119 24 Interest rate 0.02000 25 Next Payment due date 20090601 26 Monthly payment - P&I 1221 27 Monthly payment - T&I 200 Total monthly payment 1421 28 Next reset date 20140501 29 Interest rate change per adjustment 0.01000 30 Lifetime interest rate cap 0.05530 31 Back end DTI 0.45000 THE BANK OF ASHEVILLE ASHEVILLE, NORTH CAROLINA Restructuring Loss Calculation 50-51 Net Book Value Less Principal Payments 372500 35 Attorneys’ fees 0 36 Foreclosure costs, including title search, filing fees, advertising, etc. 500 37 Property protection costs, maint. and repairs 0 38 Tax and insurance advances 2500 Other Advances 39 Appraisal/Broker's Price Opinion fees 100 40 Inspections 0 41 Other 0 Gross balance recoverable by Assuming Institution 375600 Cash Recoveries: 52 MI Claim Date 20090119 53 MI Claim Amount 252000 54 MI Response Date 20090519 42 MI Contribution 0 43 Other credits 0 44 T & I escrow account balances, if positive 0 Total Cash Recovery 0 Assumptions for Calculating Loss Share Amount, Restructured Loan: 45 Discount rate for projected cash flows 0.05530 46 Loan prepayment in full 120 47 NPV of projected cash flows (see amort schd1) 364556 48 Loss Amount 11044 Note: If the calculated Loss Amount is negative, meaning loss event proceeds are greater than the gross balance recoverable by the Assuming Institution, the claim is considered a recovery and reduces the total reported loss claim amount prior to applying the Applicable Percentage. If the total amount of the Certificate loss claim is negative, the payment amount due the FDIC is calculated by applying the Applicable Percentage. THE BANK OF ASHEVILLE ASHEVILLE, NORTH CAROLINA 35 EXHIBIT 2a(2) CALCULATION OF RESTRUCTURING LOSS HAMP OR FDIC LOAN MODIFICATION (No Preceding Loan Restructure Under Loss Share) Note: This is an example only and not representative of any transaction. 1 Shared-Loss Month 20090531 2 Loan no: 123456 3 Modification Program: HAMP Loan before Restructuring 4 Unpaid principal balance 450000 5 Remaining term 298 6 Interest rate 0.06500 7 Next ARM reset rate (if within next 4 months) 0.00000 8 Interest Paid-To-Date 20091230 9 Delinquency Status F 10 Monthly payment - P&I 3047 11 Mont...
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Terms of Modified/Restructured Loan. 16 1st Trial Payment Due Date 20090201 18 Net Principal balance (net of forbearance & principal reduction) 403147 20 Principal reduction 0 21 Product (fixed or step) step 22 Remaining amortization term 480 23 Maturity date 20490501 24 Interest rate 0.02000 25 Next Payment due date 20090601 42 26 Monthly payment - P&I 1221 27 Monthly payment - T&I 200 Total monthly payment 1421 28 Next reset date 20140501 29 Interest rate change per adjustment 0.01000 30 Lifetime interest rate cap 0.05530 31 Back end DTI 0.45000 Restructuring Loss Calculation 32 Previous NPV of loan modification 458740 33 Less: Post modification principal payments 2500 Plus:
Sample 1
Terms of Modified/Restructured Loan. Closing date on modified/restructured loan New Principal balance Remaining term Interest rate Monthly payment - P&I Monthly payment - T&I Total monthly payment Loan type (Fixed-rate, ARM, I/O, Option ARM, negative amortization features, etc.) Lien type (1st, 2nd) If adjustable: Initial interest rate Term - initial interest rate Initial payment amount Module 1 – Whole Bank w/ Loss Share – P&A Version 1.03 March 31, 2009 70 XXXX XXXX XXXX XXXXXXXXX, XX Term - initial payment amount Negative amortization? [Yes/No] Rate reset frequency after first adjustment Next reset date Index Margin Cap per adjustment Lifetime Cap Floor
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Related to Terms of Modified/Restructured Loan

  • Amendments to Servicing Agreements, Modification of Standard Provisions (a) Subject to the prior written consent of the Trustee pursuant to Section 3.07(b), the Master Servicer from time to time may, to the extent permitted by the applicable Servicing Agreement, make such modifications and amendments to such Servicing Agreement as the Master Servicer deems necessary or appropriate to confirm or carry out more fully the intent and purpose of such Servicing Agreement and the duties, responsibilities and obligations to be performed by the Servicer thereunder. Such modifications may only be made if they are consistent with the REMIC Provisions, as evidenced by an Opinion of Counsel. Prior to the issuance of any modification or amendment, the Master Servicer shall deliver to the Trustee such Opinion of Counsel and an Officer's Certificate setting forth (i) the provision that is to be modified or amended, (ii) the modification or amendment that the Master Servicer desires to issue and (iii) the reason or reasons for such proposed amendment or modification.

  • OGS Centralized Contract Modifications OGS, an Authorized User, or the Contractor may suggest modifications to the Centralized Contract or its Appendices. Except as specifically provided herein, modifications to the terms and conditions set forth herein may only be made with mutual written agreement of the Parties. Modifications may take the form of an update or an amendment. “

  • Complete Agreement; Modification of Agreement This Agreement constitutes the complete agreement among the parties hereto with respect to the subject matter hereof, supersedes all prior agreements and understandings relating to the subject matter hereof, and may not be modified, altered or amended except as set forth in Section 8.6.

  • DESCRIPTION OF CONTRACT MODIFICATION This contract modification is made in accordance with Exhibit E-Revised-1, Contractual Terms and Conditions, Section 22. CHANGES, to be made part hereof for all pertinent purposes. The changes are as follows:

  • Complete Agreement; Modification This Agreement sets forth the entire agreement of the parties with respect to the subject matter hereof, and supersedes any previous oral or written communications, negotiations, representations, understandings, or agreements between them. Any modification of this Agreement shall be effective only if set forth in a written document signed by you and a duly authorized officer of the Company.

  • Amendments to Original Credit Agreement On the Effective Date, the Original Credit Agreement shall be deemed to be amended as follows:

  • Contract Modification The conditions of this timber sale are completely set forth in this contract. Except as provided in B8.32 and B8.33, this contract can be modified only by written agreement between the parties. Only Contracting Officer may make contract modifications, with compensating adjustments to Current Contract Rates where appropriate, on behalf of Forest Service.

  • Enforcement of Due-on-Sale Clauses; Assumption and Modification Agreements; Certain Assignments (a) When any Mortgaged Property is conveyed by the Mortgagor, the Master Servicer or Subservicer, to the extent it has knowledge of such conveyance, shall enforce any due-on-sale clause contained in any Mortgage Note or Mortgage, to the extent permitted under applicable law and governmental regulations, but only to the extent that such enforcement will not adversely affect or jeopardize coverage under any Required Insurance Policy. Notwithstanding the foregoing:

  • Amendment; Modification No supplement, modification, or amendment of this Agreement shall be binding unless executed in writing and signed by both Parties.

  • Amendment, Modification and Supplement Upon amendment, modification and supplement of this Contract shall be subject to the written agreement executed by each party.

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