387005062.

xlsx
Run on: 05/13/2018

BORROWER INPUTS
MFY's Proprietary Waterfall Worksheet for HAMP Tiers 1 and 2
Cell Color Code MORTGAGE INFORMATION
Requires Input Linked Cell
Formula Cell Result Cell Owner Type
Fannie Mae Mod Rate
BORROWER INFORMATION
Loan Terms
Estimated Value of Property $ 350,000.00 Original Principal
Rental Property? No Term in Months
Current Interest Rate
Borrower Gross Monthly Income Rate Type
Timing of Employment Income Monthly
2/10/2017 Date of First Payment
Employment Income $ 3,500.00 Amount of Forbearance
Monthly Employment Income $ 3,500.00
Monthly Contribution $ - Monthly Property Taxes
Monthly Fixed Income $ - Monthly Homeowner's Insurance
Monthly Untaxed Income $ - Monthly Association Fees
$ - Grossed up Arrears and UPB
Rental income UPB Information:
Primary Residence $ 900.00 Estimate Arrears and UPB at Default:
$ 675.00 Reduced by 25%
Rental Property $ - Default Date
$ - Reduced by 25% Today's Date
PITIA on Rental $ - Total Months in Default
Err:508 Reduced by PITIA Est UPB at Default
Taxes in Arrears
Subtotal $ 4,175.00 Insurance Arrears
Association Fee Arrears
Co-Borrower Interest Arrears
Timing of Employment Income Monthly PITIA Payment
10/15/2012 Allowable Fees & Costs
Employment Income $ - Total Eligible Arrears
Monthly Employment Income $ -
Monthly Fixed Income $ -
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Monthly Untaxed Income $ -

$ - Grossed up

Subtotal $ -

Gross Monthly Income $ 4,175.00

MFY Legal Services Inc.'s Proprietary Waterfa

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NFORMATION

Fannie Mae
4.250%

Terms
$ 300,000.00
360
6.000%
Fixed Rate
13.000%
1/1/2008
$ -
$ 2,409.00
$ 300.00
$ 120.00
$ -
and UPB
Only Default Date
$ 296,894.89
$ 100,000.00
2/1/2014
5/13/2018
52
$ 272,904.37 0
$ 15,600.00
$ 6,240.00
$ -
$ 71,493.37
$ 2,218.65
$ -
$ 95,552.02
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$ 1,000.00
$ -
$ -

gal Services Inc.'s Proprietary Waterfall Worksheet

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FANNIE MAE FLEX MODIFICATION

MFY's Proprietary Waterfall Worksheet for HAMP Tiers 1 and 2
STEP 4: FORBEAR PRINCIPAL
Cell Color Code
Requires Input Linked Cell Property value
Formula Cell Result Cell Capitalized UPB
Post-Mod LTV
Gross Monthly Income $ 4,175.00
Is post-mod LTV greater than 100%?
Proceed to Step 5
CURRENT MONTHLY PITIA AMOUNT Forbear the lesser of….
(i) Post-mod LTV = 100%
Principal & Interest $ 1,798.65 New UPB
Taxes $ 300.00 + Forbearance
Insurance $ 120.00 + (ii) 30% of capitalized UPB
Association Fee $ - + New UPB
Forbearance
Monthly PITIA Payment $ 2,218.65 Amount to forbear

Remaining Term on Loan 235 months New interest-bearing principal balance

STEP 5: TEST FOR FURTHER FORBEARANCE

STEP 1: CAPITALIZE THE ARREARAGE
Borrower Over 90 Days in Default. Target P&I Reduction Only
Current Principal Balance $ 272,904.37 Target Amortizing UPB for 20% P&I Reduction
Total Eligible Arrears $ 95,552.02 +
Unpaid Principal Balance $ 368,456.39 Additional Forbearance Needed For Target

Forbearance Limits
STEP 2: SET INTEREST RATE MTMLTV at 80%
30% of Post-Mod UPB
Lesser of: Additional Forbearance
Fannie Mae Mod Rate 4.250%
Current Rate 6.000% MODIFICATION RESULTS
Result 4.250%
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New P&I Payment

New PITIA Payment
New Principal Balance
STEP 3: EXTEND THE TERM Principal Forbearance
New Interest Rate
New mortgage term 480 months New Term

Current as of FNMA Lender Letter 2016-06 MFY Legal Services Inc.'s Proprietary Waterfa
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PRINCIPAL

$ 350,000.00
$ 368,456.39
105.27%

NO

$ 257,919.47

$ 368,456.39

R FORBEARANCE

et P&I Reduction Only

$ 331,839.05
$ 288,270.70
$ 36,617.34

$ 88,456.39
$ 110,536.92
$ 36,617.34

ESULTS
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$ 1,438.92
$ 1,858.92
$ 368,456.39
$ 36,617.34
4.250%
480

ervices Inc.'s Proprietary Waterfall Worksheet

387005062.xlsx
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FANNIE MAE STANDARD MODIFICATION

MFY's Proprietary Waterfall Worksheet for HAMP Tiers 1 and 2
FORBEAR PRINCIPAL
Cell Color Code
Requires Input Linked Cell Property value
Formula Cell Result Cell Capitalized UPB
Post-Mod LTV
Gross Monthly Income $ 4,175.00
Is post-mod LTV greater than 115%?
Proceed to Step 5
CURRENT MONTHLY PITIA AMOUNT Forbear the lesser of….
(i) Post-mod LTV = 115%
Principal & Interest $ 1,798.65 New UPB
Taxes $ 300.00 + Forbearance
Insurance $ 120.00 + (ii) 30% of capitalized UPB
Association Fee $ - + New UPB
Forbearance
Monthly PITIA Payment $ 2,218.65 Amount to forbear

Remaining Term on Loan 235 months New interest-bearing principal balance

TEST FOR AFFORDABILITY

CAPITALIZE THE ARREARAGE
Post-mod P&I payment
Current Principal Balance $ 272,904.37 Post-mod PITIA payment
Total Eligible Arrears $ 95,552.02 +
Unpaid Principal Balance $ 368,456.39 (1) Is new DTI between 10% and 55%
Post-mod DTI
Answer
REDUCE INTEREST RATE
(2) Is new P&I less than old P&I?
Lesser of: Percent Reduction
Fannie Mae Mod Rate 4.250% Answer
Current Rate 6.000%
Result 4.250% Modification Results
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New P&I Payment

New PITIA Payment
EXTEND THE TERM New Principal Balance
Principal Forbearance
New mortgage term 480 months New Interest Rate
New Term
Current as of FNMA Servicing Announcement 2015-12 MFY Legal Services Inc.'s Proprietary Waterfa
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CIPAL

$ 350,000.00
$ 368,456.39
105.27%

NO

$ 257,919.47

$ 368,456.39

DABILITY

$ 1,597.70
$ 2,017.70

48.33%
YES

11.17%
YES

esults
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$ 1,597.70
$ 2,017.70
$ 368,456.39
$ -
4.250%
480
ervices Inc.'s Proprietary Waterfall Worksheet