Approved Loan Mods

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Keeping thing simple
Approved Loan Mods
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Load Modi Ms.Evelyn Campbell

• Multiple Investment Properties
• Negative Rental Income Loss
• Nature of Hardship
• 1. Shutting down of business
• 2. Difficulties in renting Properties
• Lender AHMSI Citimortgage

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AHMSI Investment Property

• 378 Myrtle Avenue
• TAT - 40 Days
• Efforts - Package Sent, 3 calls without
  Negotiations deal is approved Package sent to
  the Borrower.
• Case Strength -
• 1. Borrower Past Due for 3 payments 90 days
• 2. Declining House Price by 20
• 18 Arverne Terrace
• TAT - 30 Days
• Efforts - Package Sent, 3 calls without
  Negotiations deal is approved Package sent to
  the Borrower.
• Case Strength -
• 1. Borrower Past Due for 3 payments 90 days
• 2. Decline in House Price by 20

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Citimortgage Investment Property

• 59 Girard Avenue
• TAT - 25 Days
• Efforts - Package Sent, 5 calls Updated
  Financials over the phone, deal is approved
  Package sent
• to the
• Borrower.
• Case Strength -
• 1. Borrower Past Due for 3 payments 90 days
• 2. Decline in House Price by 25

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The deal that we got !!!!

• Step up Program with AHMSI on both the
  properties with the Rates capping at 6.25 for
  Life of the
• Loan rate starting from 2
• Citi has put her on Trial Payment PITI of
  1,850.00 has promised that the payments will
  be in that
• range,earlier payment was 2,722.00

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Loan MOd 2 Dawn Franco

• Nature of Hardship
• Separation
• Loss of Job
• Drawing Unemployment
• DTI 200

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Wachovia Paimary Residence

• 8 Pine Ave
• TAT - 15 Days
• Efforts - Package Sent, 2 calls updated the
  Financials over the phone, send the most updated
  income
• proof.
• Case Strength -
• 1. Borrower Past Due for 5 payments 150 days
• 2. Decline in House Price by 20
• 3. ARM Loan

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Old Terms-

• Principal Amount 324,394.00
• PI Payments 2,087.24
• Rate of Interest 7

The Deal THAT WE GOT!!!!
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Load Mod 3 Adriana Marmalejo

• Nature of Hardship
• 1. Single Mother
• 2. Reduced Income
• 3. DTI 150

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Chase Primary Residence

• 157 Jackson St
• TAT - 60 Days
• Efforts - Package Sent, many calls to the
  lender, updated the Financials over the phone.
• Case Strength -
• 1. Borrower Past Due for 5 payments 150 days
• 2. Decline in House Price by 25

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Old Terms-

• Principal Amount 369,671.00
• PI Payments 3,270.96
• Rate of Interest 7

The deal that we got !!!!
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Loan Mod 4 Christan Jomoc

• Nature of Hardship
• Reduced Income
• Loss of Job
• DTI 55

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Indymac Primary Residence

• 1363 ManzanaWay
• TAT - 10 Days
• Efforts - Package Sent, 1 call the Mod was
  approved
• Case Strength -
• 1. Borrower Past Due for 2 payments 60 days
• 2. Decline in House Price by 35

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Old Terms-

• Principal Amount 343,898.00
• Payments 2,006.08
• Rate of Interest 7 interest only.

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Loan Mod 5 Margaret Belton

• Nature of Hardship
• Reduced Income
• Loss of Job
• DTI 70
• Spouse Passed Away

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Nationstar Primary Residence

• 685 Haxton Avenue.
• TAT - 35 Days
• Efforts - Package Sent, Many calls made the
  Mod was approved
• Case Strength -
• 1. Borrower Past Due for 4 payments 120 days

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Old Terms-
Principal Amount 316.356.00 Payments
2,040.08 Rate of Interest 6.75 interest only.
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Contact Us

• Rhombus Technologies Inc.
• 82-36, 259th St., Floral Park, New York, 11004
• Contact Person Rekha Singh (Rebecca)
• Tel [phone]
• Fax [phone]
• Email rebecca_at_rhombustech.net
• Url www.rhombustechnologies.com

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Rhombus Technologies Pvt.Ltd. 601,Dhanthak
Plaza,Makwana Road,Marol .Andheri(East),Mumbai 59
T 91 22 2850 1416 F91 22 6692 6600 82_36
259 St Floral Park NY 11004 T866-833-6840 F
800-579-4118z