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Approved Loan Mods

Keeping thing simple Approved Loan Mods 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 01 AHMSI {Investment Property}

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Approved Loan Mods

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  1. Keeping thing simple Approved Loan Mods

  2. 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 01

  3. 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% 02

  4. 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% ……………………………………………………………….............................................................. 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 03

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  6. Loan MOd 2 Dawn Franco • Nature of Hardship • Separation • Loss of Job • Drawing Unemployment • DTI 200% ……………………………………………………………….............................................................. 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 05

  7. Old Terms:- • Principal Amount $324,394.00 • PI Payments $2,087.24 • Rate of Interest 7% The Deal THAT WE GOT!!!! 06

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  9. Load Mod 3 {Adriana Marmalejo} Nature of Hardship 1. Single Mother 2. Reduced Income 3. DTI 150% ……………………………………………………………….............................................................. 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% 08

  10. Old Terms:- • Principal Amount $369,671.00 • PI Payments $3,270.96 • Rate of Interest 7% The deal that we got !!!! 09

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  12. Loan Mod 4 Christan Jomoc • Nature of Hardship • Reduced Income • Loss of Job • DTI 55% ……………………………………………………………….............................................................. 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% 11

  13. Old Terms:- • Principal Amount $343,898.00 • Payments $2,006.08 • Rate of Interest 7% interest only. 12

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  15. Loan Mod 5 Margaret Belton • Nature of Hardship • Reduced Income • Loss of Job • DTI 70% • Spouse Passed Away ……………………………………………………………….............................................................. 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} 14

  16. Old Terms:- Principal Amount $316.356.00 Payments $2,040.08 Rate of Interest 6.75% interest only. 15

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  24. Contact Us Rhombus Technologies Inc. 82-36, 259th St., Floral Park, New York, 11004 Contact Person: Rekha Singh (Rebecca) Tel: 1-877-869-7950 Fax: 1-800-309-6316 Email: rebecca@rhombustech.net Url: www.rhombustechnologies.com 24

  25. Rhombus Technologies Pvt.Ltd. 601,Dhanthak Plaza,Makwana Road,Marol .Andheri(East),Mumbai 59 | T: +91 22 2850 1416 | F:+91 22 6692 6600 82_36 259 St Floral Park NY 11004 | T:866-833-6840 | F: 800-579-4118z Keeping thing simple

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