Servicer: OCWEN Mortgage
|Manuel S.||Old Loan||Modified Loan|
|Loan Type||3 Yr fixed||5 yr fixed|
|Monthly Payment||$3,647.56 not including taxes and insurance||$2,664,24 which includes $414.00 for taxes and insurance|
TOTAL SAVINGS: This loan modification resulted in a Total Monthly Savings of approximately $1400.00 a month and a 4.51% rate reduction for our client. Client did have to pay $4000 down as a good faith payment after being delinquent for many months.