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Loan Modification Presentation
Loan Modification vs. Equity Now ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What is a loan modification? ,[object Object],[object Object],[object Object],[object Object],[object Object]
Wall Street Journal  December 22, 2008 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
So how do they work? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object]
Banks view their mortgage securities as a pipeline.
Impact of Poor Performing Notes ,[object Object],[object Object],[object Object],[object Object],[object Object]
Loan Modification ,[object Object],[object Object],[object Object]
There is a better way – Equity Now ,[object Object],[object Object],[object Object],[object Object],[object Object]
So how do they do that?
[object Object],[object Object],[object Object]
Example Results for Borrower? The house is underwater here $100,000.00 The bank realizes a $300,000.00 loss.  And receives replenishing capitol via government TARP program. Note  $500,000.00 House  $400,000.00 Value Note  Purchase  $200,000.00 @ .50% of Current Value
Investor Financed  New Loan  The home owner relieved of $200,000 in debt.  The investor creates a new note at 75% of  current  market value. $400,000 (Current Value)‏ @ 75% LTV = $300,000 (new loan amount)‏ New loan has $100,000 in homeowner equity Homeowner's positive position encourages continuing payment
Next Step ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Loan Modification

  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8. Banks view their mortgage securities as a pipeline.
  • 9.
  • 10.
  • 11.
  • 12. So how do they do that?
  • 13.
  • 14. Example Results for Borrower? The house is underwater here $100,000.00 The bank realizes a $300,000.00 loss. And receives replenishing capitol via government TARP program. Note $500,000.00 House $400,000.00 Value Note Purchase $200,000.00 @ .50% of Current Value
  • 15. Investor Financed New Loan The home owner relieved of $200,000 in debt. The investor creates a new note at 75% of current market value. $400,000 (Current Value)‏ @ 75% LTV = $300,000 (new loan amount)‏ New loan has $100,000 in homeowner equity Homeowner's positive position encourages continuing payment
  • 16.