9/30/2009
Bank of America
Attn: Howard Duff
100 France Street
Anywhere CA, 90000
Account: 0000000000 Subject Property: 1812 Main Street, Anywhere, CA 90000
Borrower: John Doe Co-borrower: Jane Doe
On behalf of my clients, I’m presenting the information necessary for consideration and execution of a residential
home loan modification based on the Home Affordability Modification Program (HAMP) as administered and
regulated by Fannie Mae. The conclusions contained herein were derived using the guidance contained in the
'Supplemental Directive 09-01' document as issued by the United States Treasury on April 6, 2009, and modified
from time to time.
Based on my discussions with the borrower and documentation provided by the borrower, the borrower meets the
minimum requirements for the Home Affordability Modification Program (HAMP) as listed below.
1. The mortgage is a first lien conventional mortgage originated on or before January 1, 2009.
2. The subject property is a single unit property and the unpaid principal balance is equal to or less than
$729,500.
3. The property is occupied by the borrower as a primary residence.
4. The borrower has a mortgage payment that is not affordable due to a financial hardship that can be
documented. ( 2 - Illness of principal borrower)
5. The borrower has a monthly mortgage payment greater than 31 percent of monthly gross income.
I have consulted the list of institutions and servicers participating in HAMP (Servicer List) and find your business
entity is participating in the HAMP program. Therefore, I submit to you a proposed modification using 31% of the
borrowers' income for the PITIA payment calculated using the waterfall method prescribed in the HAMP guidance
documentation.
The proposal package contains the following documents:
1. Exhibit - A Income and Employment
2. Exhibit - B Monthly Disbursements for Debt and Expenses
3. Exhibit - C Current and Proposed Mortgage Terms
4. Exhibit - D Hardship Letter
Thank your for kind consideration of this matter.
Sincerely,
Dean A Gittleson, Certified Public Accountant, California License No.: CA-53211 (714) 488-2350
Econolytix, LLC Page 1 of 5 Copyright 2008-2009

EXHIBIT - A
BORROWER EMPLOYMENT & INCOME
BORROWER CO-BORROWER
Company Name: New Company Company Name: Big Company
Address: 200 Elm Street Address: 215 West Ash, Suite A
City: Anywhere City: Anywhere
State: CA State: CA
Zip: 90000 Zip: 90000
Position/Title: Owner Position/Title: CFO
Years on Job: 6 Years on Job: 6
Monthly Income: $ - Monthly Income: $ 7,304
Overtime: $ - Overtime: $ -
Bonuses: $ - Bonuses: $ -
Commission: $ - Commission: $ -
Consulting: $ - Consulting: $ -
Rental Income: $ - Rental Income: $ -
Retirement/Pension: $ - Retirement/Pension: $ -
Alimony/Child Support: $ - Alimony/Child Support: $ -
Disability: $ 2,295 Disability: $ -
Government Grant: $ - Government Grant: $ -
Self Employment Income: $ 6,000 Self Employment Income: $ -
% probability of continuous receipt? 10% % probability of continuous receipt? 100%
Adjusted Self Employment Income: $ 600.00 Adjusted Self Employment Income: $ -
Worst Case Income: $ 2,895 Worst Case Income: $ 7,304
Likely Case Income: $ 8,295 Likely Case Income: $ 7,304
31% DTI - Worst case income: $ 897 31% DTI - Worst case income: $ 2,264
31% DTI - Likely case income: $ 2,571 31% DTI - Likely case income: $ 2,264
31% DTI - Worst case income - Combined: $ 3,162
31% DTI - Likely case income- Combined: $ 4,836
NOTES
Econolytix, LLC Page 2 of 5 Copyright 2008-2009

EXHIBIT - B
MONTHLY DISBURSEMENTS FOR DEBT & EXPENSES
Mortgage Debt & Related Expenses Pre-Mod Mortgage Debt & Related Expenses Post-Mod
Primary Residence Primary Residence
1st Lien $ 4,482 1st Lien $ 2,425
2nd Lien $ - 2nd Lien $ -
3rd Lien $ - 3rd Lien $ -
Taxes $ 666 Taxes $ 666
Insurance $ 75 Insurance $ 75
HOA $ - HOA $ -
Ownership Expenses: $ 1,628 Ownership Expenses: $ 1,628
TOTAL -------------------------------------------------> $ 6,850 TOTAL -------------------------------------------------> $ 4,793
Vacation Residence Vacation Residence
1st Lien $ - 1st Lien $ -
2nd Lien $ - 2nd Lien $ -
3rd Lien $ - 3rd Lien $ -
Taxes $ - Taxes $ -
Insurance $ - Insurance $ -
HOA $ - HOA $ -
Ownership Expenses: $ - Ownership Expenses: $ -
TOTAL -------------------------------------------------> $ - TOTAL -------------------------------------------------> $ -
TOTAL Res. & Vacation Home Costs -----> $ 6,850 TOTAL Res. & Vacation Home Costs -----> $ 4,793
Secured Debt $ 3,328 Secured Debt $ 3,328
Unsecured Debt $ 1,643 Unsecured Debt $ 1,643
Living Expenses Living Expenses
Automobile Insurance $ 230 Automobile Insurance $ 230
Gas Maintenance: $ 350 Gas Maintenance: $ 350
Auto Maintenance: $ 104 Auto Maintenance: $ 104
Telephone/Cell: $ 285 Telephone/Cell: $ 285
Grocery: $ 1,310 Grocery: $ 1,310
Cable Internet: $ 75 Cable Internet: $ 75
Life Insurance: $ 712 Life Insurance: $ 712
Health Insurance: $ 667 Health Insurance: $ 667
Medical / Dental: $ 40 Medical / Dental: $ 40
Prescriptions: $ 50 Prescriptions: $ 50
Alimony/Child Care: $ - Alimony/Child Care: $ -
Entertainment: $ 150 Entertainment: $ 150
Misc.: $ 200 Misc.: $ 200
TOTAL -------------------------------------------------> $ 4,173 TOTAL -------------------------------------------------> $ 4,173
Payroll & Income Taxes $ 2,682 Payroll & Income Taxes $ 2,682
TOTAL -------------------------------------------------> $ 18,677 TOTAL -------------------------------------------------> $ 16,619
Income $ 15,599 Income $ 15,599
SURPLUS / (DEFECIT) $ (3,078) SURPLUS / (DEFECIT) $ (1,021)
Econolytix, LLC Page 3 of 5 Copyright 2008-2009

EXHIBIT - C
CURRENT & PROPOSED MORTGAGE TERMS
MORTGAGE Structure (Pre-Mod) Mortgage Debt & Related Expenses Post-Mod
Origination Date: 3/4/2004 Origination Date: 1/15/2010
Principal: $768,000 Principal: $771,142
Initial Rate: 5.75% Initial Rate: 2.00%
Amortization Term:: 360 Amortization Term:: 425
Balloon Due Date: 3/4/2034 Balloon Due Date: 6/15/2045
Balloon Due: $0 Balloon Due: $33,213
1st Reset Date: 3/4/2034 1st Reset Date: 1/15/2015
1st Reset rate: 0.00% 1st Reset rate: 2.50%
Int Only Int Only Ending
Date Rate Pmt Full Amort Balance Date Rate Pmt Full Amort Balance
3/4/2004 5.75% $3,680 $4,482 $0 1/15/2010 2.00% $1,230 $2,425 $695,816
$0 $0 $0 1/15/2015 2.50% $1,380 $2,594 $681,085
1/15/2016 3.00% $1,620 $2,765 $667,152
1/14/2017 3.50% $1,849 $2,937 $653,886
1/14/2018 4.00% $2,069 $3,109 $641,171
1/14/2019 4.50% $2,280 $3,282 $628,898
6/15/2045 5.00% $2,482 $3,454 $33,213
We propose a loan modifcation with a pricipal of $771142 with $737929 amortized over 425 months and
a forbearance (balloon) of $33213 due at the end of the loan. Please note the dates, interest, rate and
fully ammortized value in the first row of the box on the lower right. This fully amortized payment plus taxes
and insurance equal 31% of the worst case gross income.
NOTES
Econolytix, LLC Page 4 of 5 Copyright 2008-2009

EXHIBIT - D
HARDSHIP LETTER
September 25, 2009
Bank of America
Loss Mitigation Department
Loan # 0000000000
RE: Hardship letter
To whom it may concern:
This letter is to inform you of the chain of events that created our collective hardships leading to our inability to pay
our mortgage payments.
I was employed by XXX earning roughly $xxx,xxx. When the recession began in 2007 my earnings decreased to
$xxx,xxx but I continued to be able to support my family
As the recession tighten its grip on the overall economy my earnings slipped to $xxx,xxx. Though my wife works
and earns $xx,xxx we had to start paying the mortgage out of savings. Now with my earnings bottoming at
$xxx,xxx and the fact that my house is worth $xxx,xxx, I cannot qualify for a refinance.
I believe I qualify for a modification under HAMP. The current payment is greater than 31% of my income. This is
my primary residence. The first lien is below $729,500. We have a financial hardship and Bank of America is part
of the HAMP program.
We hope you now understand and can see the devastation we have experienced at this time in our life. We are
looking forward to restructuring the monthly payments to be able to stay in our home and continue to stay current
on our new agreement.
Sincerely,
John & Jane Doe
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