This document provides an overview of a loan modification information session presented by David Wilhite. The session agenda includes an overview of the Home Affordable Modification Program (HAMP), how California Foreclosure Assistance (CAFA) differs from other loan modification companies, and an exercise for homeowners. Key points made are that HAMP has had a lower success rate than projected, CAFA provides scenario-based analysis to determine eligibility for HAMP and other programs, and homeowners should be cautious of paying third parties for assistance that may be available for free.

1. WELCOME:>]
to th e

Loan M od ification Info-S e s s ion

2. Presented By:
-David
Wilhite

3. Disclaimer:
This presentation is for information purposes only and should not be
considered legal advice. California Foreclosure Assistance, (CAFA)
is not a loan modification company or a law firm or tax consultants
and cannot offer legal or tax advice. CAFA provides research and
analysis services only. CAFA strongly urges each of it prospective
customers to consult with an attorney regarding any questions or
concerns related to their mortgage. No loan can be modified
unless the lender consents.

4. Agenda
60+ minutes 
Loan Mod Guru?
• HAMP overview • Well informed
• CAFA difference • Better equipped
• Workshop exercise • Make a better
decision

5. Bad news:
-Congressional Oversight
Panel estimated that
HAMP would have a 20 to
30% success rate compared
to Treasury Department
projections
(700,000-800,000 compared
to 3-4 million)
-Servicers have
compounded the problem
and caused unnecessary
delays by failing to follow
program standards.

6. HAMP 2.0:
-Expands debt-to-income
requirements.
-Allows for rental homes.
-Offers to pay investors triple
for principal reductions.
- Throw money at the
problem.

7. $25 Billion Settlement:
- 5 largest servicers; Ally/GMAC, BofA, Citi,
JPMorganChase, Wells Fargo.
- 49 state attorney generals and the federal
government reached agreement on the
largest consumer financial protection
settlement in US history.
- Key provisions; $3b refi relief (HARP),
$1.5b for lost homes ($1k-$2k), process
reform & AG oversight (couragecampaign),
$17b principal reduction & loan
modification relief!!

8. Spirit of HAMP
- Stabilize housing market
- Lower monthly payments
- Increase disposable income
- Stimulate spending
- Improve economy

33. Why Loan Modifications Fail:
What NPV Test?
The NPV test is filled with secrets and uncertainties, though the grading is
simple: pass or fail.
NPV, which stands for net present value, is a concept used in making
financial choices. NPV is all about profit. It tells the investor what is more
profitable, helping the homeowner vs. foreclosure or short sale. NPV test
results could mean the difference between keeping or losing your home.
“Without access to the NPV analysis, homeowners are entirely reliant on the
servicer's good faith,” Julia Gordon, senior policy counsel for the Center for
Responsible Lending.

34. Why Loan Mods Fail (cont.):
- No uniform standards: dual tracking, incorrect
information compounded, bad rep from people getting
ripped off, etc.
- Most “loan modification” companies just fax your lender
the same docs you could yourself. You can pay, pray, and
they still say “nay”! You're in the dark either way...

35. The CAFA Difference
California Foreclosure Assistance (“CAFA”) has designed a proven “scenario
based” forecasting and qualitative analysis report that helps homeowners
increase the odds of qualifying for a loan modification program.
The CAFA analysis report is based on the U.S. Department of Treasury
authorized solutions platform developed for major lenders and servicers to
determine HAMP and other loan modification eligibility.
This is the same report your bank is using to determine your eligibility. Using
the latest HAMP version released by the U.S. Department of Treasury, the
CAFA Report will determine how you can pass the qualifying tests.

36. CAFA Difference (cont.)
Currently the only company in California performing
scenario-based modeling and forecast analysis for loan
modification eligibility.
- Full compliance with California Senate Bill 94 and Civil Code 2945.
- $100K bond on file with California Secretary of State.
- Certificate of Registration from California Department of Justice, Office of
the Attorney General.
- Each agent covered under $2 million professional liability insurance.

37. CAFA Difference (cont.)
15 years sophisticated portfolio underwriting & banking experience.
We create a customized analysis report that calculates your numbers
and ratios, allowing you to know the outcome prior to submittal of
your packet to the lender!
- We understand why homeowners don't qualify.
- We analyze and determine the qualifying changes that need to be made.
- We forecast what the payment outcome could reflect.

38. Loan Modification Process (DIY):
Hom eowner
Requests
Loan
M od ification
?
Le n d e r
Re q u e s t s New
Documents And
Im p r o v e d

39. Loan Mod Process (“ACME
LoanMod”):
Homeowner
hires
“ ACME LoanMod
Company”
? New
And
Im p r o v e d

40. C AFA
R e c a lc u la t e A n a ly s i
ne w s S u b m it M o d
In p u t v a lu e s P ac k
To Le nd e r
D e n ie Approv
d ed
Your
B A NK

41. Benefits of working with CAFA
- Forecast a “Pass” result on Net Present Value “NPV” test
- Pre-qualify for a 2% -3% interest rate –fixed; PITI all-inclusive.
- While being reviewed for a loan modification, your lender should postpone the
Trustee Sale.
- CAFA allows homeowners to know with confidence how they can pre-qualify for
HAMP & other loan modification programs. Homeowners will understand the
terms of their loan modification, BEFORE applying.
- Increase the possibility of a loan modification & reduce your mortgage
payments by 30-50% and potentially qualify for principle reduction.

42. Getting Started

Full Doc Loan 
Service Fee
− - W2, pay stubs, bank 
$3350 – in cash.
statement, schedule E,
mortgage statement,

Preparation time
YTD earnings
statement, tax returns,

5 days
property tax bill, etc.

43. Is It Worth It?
• Is $3350 > Your monthly mortgage payment?
• Is $3350 > Months of uncertainty and worry?
• Is $3350 > Price of being scammed or ripped off?
• Is $3350 > Saving your home?
D o in g N o t h in g = F o r e c lo s u r e !

49. Thank You!
Leave your email address
http://www.agentnpv.com
http://www.facebook.com/passthenpvtest

50. Workshop Key
• 1) If over 31% and below %65... Pass
• 2) If under 100%... Pass
• 3) If over 100%... Pass
• 4) If below 55%... Pass
• 5) If NO... Pass
• 6) If Yes... Pass
• 7) If statement is TRUE... Pass
• 8) If over 60%... Pass

52. Article Links
TARP Special Inspector General Report Says HAMP Is Failing
http://www.dsnews.com/articles/tarp-inspector-generals-report-says-hamp-is-failing-2011-01-26
HAMP changes expected to net 500k extra modifications
http://housingwire.com/news/hamp-changes-expected-net-500k-extra-modifications
California joins robo-signing settlement
http://lansner.ocregister.com/2012/02/09/california-joins-nationwide-robo-signing-settlement/158376

53. Please Note
It is not necessary to pay a third party to arrange for a loan
modification or other form of forbearance from your mortgage
lender or servicer. You may call your lender directly to ask for a
change in your loan terms. Nonprofit housing counseling agencies
also offer these and other forms of borrower assistance free of
charge. A list of nonprofit housing counseling agencies approved
by the United States Department of Housing and Urban
Development (HUD) is available from your local HUD office or by
visiting www.hud.gov.