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Independent Foreclosure Review

  • Appendix

Appendix

Table A.1. Banking organizations subject to Consent Orders issued in 2011 and 2012
Banking organization Regulator of servicing operation Consent Order date Consent Order Amendment date
Aurora--Aurora Bank FSB; Aurora Loan Services OCC 4/13/2011 2/28/2013
Bank of America--Bank of America Corporation; Bank of America, N.A.; BAC Home Loans Servicing OCC 4/13/2011 2/28/2013
Citi--Citigroup Inc.; Citibank, N.A.; Citi Financial Credit Co.; CitiMortgage OCC 4/13/2011 2/28/2013
EverBank--EverBank/EverHome Mortgage Company OCC 4/13/2011 10/16/2013
GMAC Mortgage--Ally Financial Inc.; Ally Bank; Residential Capital, LLC; GMAC Mortgage, LLC Federal Reserve 4/13/2011 7/26/2013
Goldman Sachs--The Goldman Sachs Group, Inc.; Goldman Sachs Bank USA;
Litton Loan Servicing LP		 Federal Reserve 9/1/2011 2/28/2013
HSBC--HSBC North America Holdings, Inc.; HSBC Bank USA, N.A.; HSBC Finance Corporation OCC and Federal Reserve 4/13/2011 2/28/2013
JPMC--JPMorgan Chase & Co.; JPMorgan Chase Bank, N.A.; EMC Mortgage Corporation OCC and Federal Reserve 4/13/2011 2/28/2013
MetLife--MetLife, Inc.; MetLife Bank, N.A. OCC 4/13/2011 2/28/2013
Morgan Stanley--Morgan Stanley; Saxon Mortgage Services, Inc. Federal Reserve 4/2/2012 2/28/2013
OneWest--OneWest Bank, FSB; IMB HoldCo OCC 4/13/2011 None 1
PNC--PNC Financial Services Group, Inc.; PNC Bank, N.A.; PNC Mortgage OCC 4/13/2011 2/28/2013
Sovereign--Sovereign Bank (now Santander Bank) OCC 4/13/2011 2/28/2013
SunTrust--SunTrust Banks, Inc.; SunTrust Bank; SunTrust Mortgage, Inc. Federal Reserve 4/13/2011 2/28/2013
U.S. Bank--U.S. Bancorp; U.S. Bank National Association; U.S. Bank National Association ND OCC 4/13/2011 2/28/2013
Wells Fargo--Wells Fargo & Company; Wells Fargo Bank, N.A. OCC 4/13/2011 2/28/2013

Note: The data provide a summary of the banking organizations subject to the Consent Orders, the primary regulator of their servicing operations, and the timing of their entry into the Consent Orders and Consent Order Amendments, as applicable. Two banking organizations, HSBC and JPMC, had residential mortgage servicing operations that were supervised by the Federal Reserve in addition to separate servicing operations supervised by the OCC. For that reason, separate Consent Orders and Amendments were issued by the Federal Reserve and the OCC against HSBC and JPMC.

1. OneWest has not entered into a payment agreement. It is finishing the IFR required by the original Consent Order against it. Return to table

Table A.2. Independent Foreclosure Review agreement amounts
Banking organization In-scope borrowers Required amount to be paid into the qualified settlement funds 1 Required amount of other foreclosure prevention assistance Total
Aurora 109,482 $93,000,000 $149,000,000 2 $242,000,000
Bank of America 1,293,583 1,128,000,000 1,759,000,000 2,887,000,000
Citibank 357,064 307,000,000 487,000,000 794,000,000
EverBank 32,574 3 40,000,0003 44,000,0002 84,000,000
GMAC Mortgage 232,014 198,000,000 317,000,0002 515,000,000
Goldman Sachs 128,827 135,000,000 195,000,000 330,000,000
HSBC 113,081 97,000,000 153,000,000 250,000,000
JPMorgan Chase 879,636 753,000,000 1,205,000,000 1,962,000,000
MetLife 43,229 30,000,000 48,000,0002 78,000,000
Morgan Stanley 94,932 97,000,000 130,000,0002 227,000,000
PNC 81,476 69,000,000 111,000,0002 180,000,000
Sovereign 7,262 6,000,000 10,000,000 16,000,000
SunTrust 73,424 63,000,000 100,000,0002 163,000,000
U.S. Bank 93,874 80,000,000 128,000,000 208,000,000
Wells Fargo 897,787 766,000,000 1,225,000,000 1,991,000,000
Totals 4,438,245 $3,866,000,000 $6,061,000,000 $9,927,000,000

Note: The data provide a summary of the amounts of cash payments to in-scope borrowers and foreclosure prevention assistance that the OCC and Federal Reserve Consent Order Amendments require from each participating servicer. Servicers have satisfied the amount to be paid to in-scope borrowers by depositing the requisite amount into qualified settlement funds. Servicer activities to satisfy the required amount of additional foreclosure prevention assistance are under way. The numbers of in-scope borrowers are based on data from Rust as of May 2014 and may vary from other published numbers because of timing. All dollar amounts are rounded to the nearest million.

1. These numbers are based on the cash payment requirement in the Consent Order Amendments. Some servicers paid additional amounts into the qualified settlement funds, including to satisfy their foreclosure prevention assistance requirement, as explained in the section of the report titled "Foreclosure Prevention Assistance."  Return to table

2. Satisfied by payment of a lesser amount to the qualified settlement funds or a HUD-certified organization. Return to table

3. Based on table 7 of the OCC Status Report. Return to table

Table A.3. Most common errors with financial injury found by independent consultants
Category Percent of total financial harm
errors found
General error 50.5
SCRA-related errors 9.3
Modification denied in error 9.1
Bankruptcy 8.9
Servicer failed to provide legally sufficient notice 8.5

Note: The data list the most common types of financial injury errors found by independent consultants in completed file reviews when the IFR ended and the percentage of all financial injury error findings accounted for by each type of financial injury error listed in the June 2012 Financial Remediation Framework. They include data regarding GMAC Mortgage in addition to data published by the OCC in table 3 of the OCC Status Report regarding 13 servicers where the IFR ended in January 2013.

Table A.4. Completion and financial injury error rates (percent) at Federal Reserve-regulated servicers entering IFR Payment Agreement in January 2013 (data as of December 31, 2012)
Servicer Foreclosure in progress Foreclosure complete Total
Sampled file reviews Requested file reviews Sampled file reviews Requested file reviews
Reviews complete Error rate Reviews complete Error rate Reviews complete Error rate Reviews complete Error rate Reviews complete Error rate
Goldman Sachs 0.9 0.0 ... ... 0.5 0.0 ... ... 0.7 0.0
Morgan Stanley 1 0.0 ... ... ... 0.0 ... ... ... 0.0 ...
SunTrust 52.0 0.5 4.3 0.0 65.9 4.7 7.9 5.2 26.1 3.3

... Not applicable.

1. Morgan Stanley reported no completed files and would not speculate on results. Return to table

Table A.5. Completion and financial injury error rates (percent) at Federal Reserve-regulated servicer entering IFR Payment Agreement in July 2013 (data as of June 30, 2013)
Servicer Foreclosure in progress Foreclosure complete Total
Sampled file reviews Requested file reviews Sampled file reviews Requested file reviews
Reviews complete Error rate Reviews complete Error rate Reviews complete Error rate Reviews complete Error rate Reviews complete Error rate
GMAC Mortgage 10.0 6.9 0.5 7.4 5.7 20.3 1.3 9.8 2.6 11.4
Table A.6. Aggregate findings of independent consultants as of the end of the IFR
File type Total slated for review Files--
initial or final review complete		 Files with no errors Files with nonfinancial injury errors 1 Files with financial injury
errors		 Financial injury framework category counts
1 2 3a 3b 4 5
Foreclosure in process
Look back files 2 169,095 106,630                  
Files--Initial IC work complete 3   46,181   915 39,892 3 - 89 1 1 2,002
Files--Review complete 4   60,449 56,004 2,438 2,007 89 1 45 2 - 211
Outreach files 5 262,425 27,934                  
Files?Initial IC work complete3   18,537   331 14,606 4 - 51 - 3 920
Files--Review complete4   9,397 8,730 105 562 - - 53 1 1 75
                     
Foreclosure complete
Look back files2 155,637 108,582                  
Files--Initial IC work complete3   79,832   829 67,829 21 - 22 5 19 546
Files--Review complete4   28,750 24,811 2,002 1,937 447 - 12 - 4 192
Outreach Files5 190,564 19,695                  
Files--Initial IC work complete3   13,584   422 8,848 13 - 77 9 25 1,023
Files--Review complete4   6,111 5,700 122 265 8 1 10 1 - 54
                     
Aggregate files
Look back files2 324,732 215,212                  
Files--Initial IC work complete3   126,013   1,744 107,721 24 - 111 6 20 2,548
Files--Review complete4   89,199 80,815 4,440 3,944 536 1 57 2 4 403
Outreach files5 452,989 47,629                  
Files--Initial IC work complete3   32,121   753 23,454 17 - 128 9 28 1,943
Files--Review complete4   15,508 14,430 227 827 8 1 63 2 1 129

Note: Includes data regarding GMAC Mortgage in addition to data published by the OCC in table 9 of the OCC Status Report regarding 13 servicers where the IFR ended in January 2013.

1. Includes only those files with errors not resulting in financial injury. This count is mutually exclusive from the Files with Financial Injury errors count. Return to table

2. Total sample, which includes internal and referred complaints subject to 100 percent review. Return to table

3. Includes only those files where the independent consultant (IC) completed an initial review, but final decision of financial injury/no injury was pending receipt of additional documents from the servicer or for IC's quality control review. Return to table

4. Includes only those files where the IC rendered the final decision of financial injury/no injury. Return to table

5. Outreach file totals do not include 271 RFRs received as of 12/31/2012 that were out of scope. Return to table

Table A.6. -- continued
File type Financial injury framework category counts-- continued Completion
rate		 Error rate
6 7 8 9 10 11 12 13 Duplicate Net total
Foreclosure in process
Look back files                     63.1%  
Files--Initial IC work complete 4,044 1,615 1,106 53 13,997 1,835 18,522 23,059 27,289 39,038 27.3 86.4%
Files--Review complete 47 86 12 26 51 49 162 1,716 490 2,007 35.7 3.3
Outreach files                     10.6  
Files--Initial IC work complete 4,299 1,192 1,455 29 372 238 2,956 12,228 10,292 13,455 7.1 78.8
Files--Review complete 43 55 - - 3 - 2 574 245 562 3.6 6.0
Final review complete                     16.2 3.7
Foreclosure complete
Look back files                     69.8  
Files--Initial IC work complete 922 1,291 188 7 58,395 1,219 6,533 8,745 10,383 67,530 51.3 85.0
Files--Review complete 56 137 7 1 470 78 319 523 309 1,937 18.5 6.7
Outreach files                     10.3  
Files--Initial IC work complete 1,456 1,837 276 20 251 173 1,917 6,738 5,263 8,552 7.1 65.1
Files--Review complete 19 63 - 1 1 1 14 156 64 265 3.2 4.3
Final review complete                     10.1 6.3
Aggregate files
Look back files                     66.3  
Files--Initial IC work complete 4,966 2,906 1,294 60 72,392 3,054 25,055 31,804 37,672 106,568 38.8 85.5
Files--Review complete 103 223 19 27 521 127 481 2,239 799 3,944 27.5 4.4
Outreach files                     10.5  
Files--Initial IC work complete 5,755 3,029 1,731 49 623 411 4,873 18,966 15,555 22,007 7.1 73.0
Files--Review complete 62 118 - 1 4 1 16 730 309 827 3.4 5.3
Final review complete                     13.5% 4.6%
Table A.7. State-level payment data for Fund 2 (as of April 25, 2014)
State Total dollars Total quantity Paid dollars
(satisfied accounts) 1		 Paid quantity
(satisfied accounts)1
Alabama $2,304,093 1,571 $1,874,634 1,342
Alaska 116,160 120 98,400 95
Arizona 11,267,903 8,472 9,327,152 7,011
Arkansas 1,003,095 920 838,275 768
California 48,983,843 36,460 41,469,929 31,010
Colorado 4,116,532 3,663 3,566,828 3,106
Connecticut 2,541,075 2,810 2,140,781 2,359
Delaware 749,918 698 481,520 573
District of Columbia 416,210 394 338,402 316
Florida 41,899,117 44,129 34,767,625 36,078
Georgia 9,672,313 7,766 8,324,084 6,656
Hawaii 804,030 814 670,390 647
Idaho 1,670,965 1,094 1,340,427 935
Illinois 8,608,174 8,999 7,247,416 7,559
Indiana 3,323,085 3,682 2,956,015 3,193
Iowa 831,510 891 744,274 764
Kansas 1,373,410 1,155 1,201,738 982
Kentucky 1,575,991 1,662 1,378,749 1,447
Louisiana 2,123,036 2,066 1,738,760 1,679
Maine 523,423 650 446,553 551
Maryland 5,270,110 4,786 4,441,948 3,907
Massachusetts 2,695,922 2,797 2,224,210 2,252
Michigan 7,347,801 6,904 6,518,880 6,025
Minnesota 2,749,856 2,377 2,484,512 2,145
Mississippi 1,677,500 1,444 1,451,932 1,230
Missouri 3,503,899 3,120 3,050,649 2,669
Montana 203,810 200 170,230 171
Nebraska 628,950 599 546,496 524
Nevada 6,821,697 5,028 5,926,786 4,246
New Hampshire 643,963 694 557,563 590
New Jersey 5,200,812 5,994 4,163,934 4,608
New Mexico 788,480 720 654,692 604
New York 7,372,964 8,830 5,923,466 6,845
North Carolina 4,822,319 4,137 4,155,750 3,547
North Dakota 44,820 57 40,580 51
Ohio 7,825,799 8,380 6,785,828 7,177
Oklahoma 1,382,214 1,291 1,151,000 1,033
Oregon 3,053,651 2,258 2,652,303 1,942
Pennsylvania 5,142,684 5,398 4,145,180 4,431
Puerto Rico 6,220 10 2,172 3
Rhode Island 867,974 806 705,608 672
South Carolina 2,769,834 3,021 2,234,199 2,552
South Dakota 200,990 207 181,610 188
Tennessee 5,247,979 3,865 4,379,237 3,275
Texas 11,296,322 10,278 9,329,030 8,365
Utah 1,689,570 1,358 1,438,895 1,164
Virginia 5,228,310 4,354 4,450,202 3,658
Virgin Islands 300 1 300 1
Vermont 118,270 132 104,050 111
Washington 5,016,933 3,730 4,225,987 3,114
Wisconsin 2,576,547 2,407 2,310,937 2,156
West Virginia 448,570 407 389,930 344
Wyoming 185,440 153 165,760 128
Totals $246,734,391 223,759 $207,915,807 186,799

Note: Data are presented on the number and value of checks required to be distributed and on the number and value that have been cashed or deposited for each state for Fund 2, which includes in-scope borrowers whose mortgages were serviced by Goldman Sachs and Morgan Stanley.

1. Some borrowers whose mortgages were serviced by Goldman Sachs or Morgan Stanley were sent more than one check because the initial check was for less than the amount that the Federal Reserve directed the paying agent to pay those borrowers. The number of borrowers paid and the dollar amount of checks cashed reflect only borrowers who cashed both their original check and supplemental check (satisfied accounts). Return to table

Table A.8. State-level payment data for Fund 3 (as of April 25, 2014)
State Total dollars Total quantity Paid dollars
(satisfied accounts)		 Paid quantity
(satisfied accounts)
Alabama $3,387,000 2,992 $2,360,650 2,116
Alaska 347,600 225 301,200 160
Arizona 14,472,486 13,195 10,399,236 9,498
Arkansas 920,100 932 613,200 662
California 37,722,730 38,977 27,771,250 28,416
Colorado 5,797,750 5,598 4,146,250 3,990
Connecticut 2,636,150 2,612 1,953,850 1,947
Delaware 835,400 781 525,400 536
District of Columbia 251,400 323 141,150 197
Florida 28,907,600 33,156 19,667,400 22,456
Georgia 8,448,700 7,548 5,941,600 5,240
Hawaii 641,717 549 361,650 376
Idaho 1,202,100 1,343 923,250 1,021
Illinois 7,978,600 8,518 5,588,150 5,995
Indiana 4,984,044 5,397 3,707,544 3,984
Iowa 1,026,050 979 874,650 767
Kansas 1,408,051 1,107 1,132,601 797
Kentucky 1,947,819 1,739 1,373,200 1,258
Louisiana 2,348,550 2,396 1,504,400 1,605
Maine 547,400 759 407,100 557
Maryland 3,637,700 4,489 2,485,350 3,049
Massachusetts 3,456,250 3,744 2,452,000 2,687
Michigan 10,790,250 10,589 8,323,900 8,105
Minnesota 3,836,750 3,883 2,952,800 2,983
Mississippi 1,446,050 1,289 974,600 883
Missouri 3,529,150 2,995 2,352,200 2,147
Montana 372,750 364 284,950 275
Nebraska 373,000 457 298,400 341
Nevada 5,654,100 5,433 4,166,800 3,951
New Hampshire 1,094,432 930 728,400 698
New Jersey 5,332,586 7,836 3,530,050 5,196
New Mexico 825,155 779 608,505 535
New York 3,502,000 5,219 2,345,500 3,444
North Carolina 4,871,850 4,608 3,406,300 3,339
North Dakota 54,150 73 38,200 52
Ohio 6,457,357 6,688 4,759,762 4,923
Oklahoma 2,018,931 1,698 1,441,481 1,093
Oregon 2,948,300 2,947 2,090,250 2,109
Pennsylvania 4,992,131 5,285 3,443,800 3,747
Rhode Island 456,700 506 325,650 374
South Carolina 4,113,654 3,682 3,072,812 2,677
South Dakota 241,504 116 224,554 87
Tennessee 3,267,350 3,288 2,277,150 2,314
Texas 10,192,657 9,563 6,650,607 6,096
Utah 2,130,100 2,278 1,586,400 1,650
Vermont 303,450 250 132,200 184
Virginia 4,919,550 4,742 3,611,050 3,370
Washington 5,624,600 5,163 3,933,600 3,657
Wisconsin 3,149,550 3,309 2,388,450 2,535
West Virginia 337,850 435 258,050 312
Wyoming 385,700 250 296,000 175
Totals $226,126,803 232,014 $161,133,502 164,566

Note: Data are presented on the number and value of checks required to be distributed and on the number and value that have been cashed or deposited for each state for Fund 3, which includes in-scope borrowers whose mortgages were serviced by GMAC Mortgage.

Table A.9. Payments in qualified settlement Fund 2 by payment category (as of April 25, 2014)
Category Foreclosure stage Number of
borrowers in
category (accounts)		 Payment
(dollars)		 Number of borrowers paid
(satisfied accounts) 1		 Dollar amount of checks cashed
(satisfied accounts)1
Servicer foreclosed on borrower eligible for Servicemembers Civil Relief Act (SCRA) protection (applies only to rescinded or completed foreclosures) 2 Rescinded 14 $15,000 13 $224,204
Completed 49 125,000 40 5,146,826
Servicer charged servicemembers interest rates that exceed SCRA Section 527 limits 3 In process 101 =300 95 184,979
Completed 0 =300 0 0
Servicer initiated or completed foreclosure on borrower who was not in default2 In process 55 5,000 50 250,000
Rescinded 10 15,000 8 128,284
Completed 3 125,000 2 279,853
Servicer initiated or completed foreclosure on borrower who was protected by federal bankruptcy law In process 1,069 4,650 950 4,398,621
Rescinded 67 4,650 57 258,866
Completed 108 38,750 87 3,371,250
Servicer completed foreclosure on borrower who was meeting all requirements of documented forbearance plan (applies only to rescinded or completed foreclosures) Rescinded 45 3,900 36 140,400
Completed 48 15,600 41 639,600
Servicer failed to convert borrower to permanent modification after three successful payments under a written trial-period plan In process 312 3,900 284 1,106,508
Rescinded 44 3,900 38 146,835
Completed 150 32,500 132 4,280,900
Servicer completed foreclosure on borrower who was performing all requirements of the written trial-period plan Rescinded 77 3,900 67 261,300
Completed 337 32,500 287 9,266,725
Modification request approved In process 62,927 300 54,696 16,408,800
Rescinded 869 300 735 220,500
Completed 15,987 300 13,271 3,981,900
Modification request denied In process 41,913 1,300 36,086 46,691,671
Rescinded 1,016 1,300 854 1,102,738
Completed 26,642 3,900 22,669 87,805,848
Modification request received but no underwriting decision made In process 13,090 520 10,407 5,411,640
Rescinded 324 520 250 130,000
Completed 14,006 520 10,838 5,635,760
Servicer did not engage with borrower in a loan modification or other loss mitigation action In process 5,825 300 4,420 1,326,000
Rescinded 96 300 71 21,300
Completed 9,536 300 7,328 2,198,400
All other loans In process 13,780 300 10,948 3,284,400
Rescinded 304 300 239 71,700
Completed 14,955 300 11,800 3,540,000
Totals   223,759   186,799 $207,915,807

Note: Data presented on the number of in-scope borrowers and payment amounts in each category for borrowers covered by the IFR Payment Agreement whose mortgages were serviced by Goldman Sachs or Morgan Stanley and on the number and value of these checks that have been cashed or deposited. The table contains only standard payout amounts; it does not include amounts for lost equity, which borrowers in the first and third categories may receive in addition to the standard payout amounts, the payments calculated on a case-by-case basis in the second category, or any tax withholding (if applicable).

1. Some borrowers whose mortgages were serviced by Goldman Sachs or Morgan Stanley were sent more than one check because the initial check was for less than the amount that the Federal Reserve directed the paying agent to pay those borrowers. The number of borrowers paid and the dollar amount of checks cashed reflect only borrowers who cashed both their original check and supplemental check (satisfied accounts). Return to table

2. Total amount received by borrower in the first and third categories listed here may differ from amount shown because of offsets resulting from other legal settlements. Return to table

3. Servicemembers who were charged interest rates higher than limits allowed by the SCRA Section 527 will receive payments of $300 or the amount overcharged and paid by the borrower, whichever is greater. Return to table

Table A.10. Payments in qualified settlement Fund 3 by payment category (as of April 25, 2014)
Category Borrowers who requested a review All other borrowers Total borrowers paid (satisfied accounts)1
Foreclosure stage Number of borrowers in category Payment
(dollars)		 Number of borrowers paid (satisfied accounts) 1 Dollar amount of checks cashed (satisfied accounts)1 Number of borrowers in category Payment
(dollars)		 Number of borrowers paid (satisfied accounts)1 Dollar amount of checks cashed (satisfied accounts)1 Total borrowers in category
Servicer foreclosed on borrower eligible for Servicemembers Civil Relief Act (SCRA) protection (applies only to rescinded or completed foreclosures) 2 Rescinded 1 $15,000 1 $15,000 3 $15,000 1 $15,000 4 2
Completed 16 125,000 10 1,291,965 89 125,000 60 7,777,086 105 70
Servicer charged servicemembers interest rates that exceed SCRA Section 527 limits 3 In process 0 =400 0 0 0 =400 0 0 - -
Completed 0 =400 0 0 0 =400 0 0 - -
Servicer initiated or completed foreclosure on borrower who was not in default2 In process 61 5,000 48 240,000 544 5,000 387 1,935,000 605 435
Rescinded 3 15,000 1 15,000 7 15,000 4 60,000 10 5
Completed 0 125,000 0 0 1 125,000 0 0 1 0
Servicer initiated or completed foreclosure on borrower who was protected by federal bankruptcy law In process 41 9,000 35 315,000 255 4,500 187 841,500 296 222
Rescinded 0 9,000 0 0 13 4,500 12 54,000 13 12
Completed 21 75,000 17 1,275,000 91 37,500 52 1,950,000 112 69
Servicer completed foreclosure on borrower who was meeting all requirements of documented forbearance plan (applies only to rescinded or completed foreclosures) Rescinded 3 7,500 2 15,000 20 3,750 13 48,750 23 15
Completed 15 30,000 13 390,000 45 15,000 27 405,000 60 40
Servicer failed to convert borrower to permanent modification after three successful payments under a written trial-period plan In process 9 7,500 8 60,000 119 3,750 81 303,750 128 89
Rescinded 2 7,500 1 7,500 2 3,750 2 7,500 4 3
Completed 30 62,500 22 1,375,000 149 31,250 83 2,593,750 179 105
Servicer completed foreclosure on borrower who was performing all requirements of the written trial-period plan Rescinded 1 7,500 1 7,500 7 3,750 7 26,250 8 8
Completed 4 62,500 2 125,000 11 31,250 7 218,750 15 9
Modification request approved In process 8,374 500 6,922 3,461,000 54,807 400 40,837 16,334,800 63,181 47,759
Rescinded 288 500 226 113,000 1,234 400 862 344,800 1,522 1,088
Completed 4,293 500 3,398 1,699,000 23,268 400 15,285 6,114,000 27,561 18,683
Modification request denied In process 1,992 2,500 1,618 4,045,000 16,453 1,250 11,839 14,798,750 18,445 13,457
Rescinded 140 2,500 116 290,000 650 1,250 445 556,250 790 561
Completed 3,531 7,500 2,814 21,105,000 16,004 3,750 11,150 41,812,500 19,535 13,964
Modification request received but no underwriting decision made In process 141 1,000 127 127,000 1,321 500 970 485,000 1,462 1,097
Rescinded 18 10,000 12 12,000 70 500 54 27,000 88 66
Completed 418 10,000 333 333,000 2,155 500 1,473 736,500 2,573 1,806
Servicer did not engage with borrower in a loan modification or other loss mitigation action In process 663 800 548 438,400 11,208 400 7,198 2,879,200 11,871 7,746
Rescinded 59 800 47 37,600 751 400 456 182,400 810 503
Completed 2,634 800 2,086 1,668,800 37,996 400 24,900 9,960,000 40,630 26,986
All other loans In process 1,400 500 1,180 590,000 20,933 400 15,047 6,018,800 22,333 16,227
Rescinded 52 500 40 20,000 463 400 297 118,800 515 337
Completed 2,178 500 1,758 879,000 16,957 400 11,444 4,577,600 19,135 13,202
Totals   26,388   21,386 $39,950,766 205,626   143,180 $121,182,737 232,014 164,566

Note: Data presented on the number of in-scope borrowers and payment amounts in each category for borrowers covered by the IFR Payment Agreement whose mortgages were serviced by GMAC Mortgage and on the number and value of these checks that have been cashed or deposited. The table contains only standard payout amounts; it does not include amounts for lost equity, which borrowers in the first and third categories may receive in addition to the standard payout amounts, the payments calculated on a case-by-case basis in the second category, or any tax withholding (if applicable).

1. If multiple checks were issued to a borrower, which generally was not the case for borrowers whose mortgages were serviced by GMAC Mortgage, the number of borrowers paid and the dollar amount of checks cashed reflect only borrowers who cashed all of their checks (satisfied accounts). Return to table

2. Total amount received by borrower in the first and third categories listed here may differ from amount shown because of offsets resulting from other legal settlements. Return to table

3. Servicemembers who were charged interest rates higher than limits allowed by the SCRA Section 527 will receive payments of $400 or the amount overcharged and paid by the borrower, whichever is greater. Return to table

Table A.11. Foreclosure prevention assistance activity submitted by Goldman Sachs
Action Total
# of loans 1,977
Unpaid balance (UPB) before action $ 118,474,583
Average UPB before action $ 59,926
Average sales price (short sales) ...
Deficiency waived ...
Average deficiency waived ...
Transition assistance provided ...
Average interest rate before action 6.36%
Average interest rate after action 3.75%
Average debt-to-income (DTI) before action 41
Average DTI after action 27
Average payment reduction (if applicable) $ 542

Note: Aggregate data presented on the gross value of foreclosure prevention assistance activities that Goldman Sachs reported taking as of April 30, 2014, including first-lien modifications, debt cancellation, and the extinguishment of first and second liens. These activities have not yet been validated as eligible to receive credit toward Goldman Sachs's foreclosure prevention assistance obligation.

... Not applicable.

Table A.12. Foreclosure prevention assistance activity reported by state for Goldman Sachs
State Action HAMP/HFA first-lien modifications Debt cancellation and lien extinguishment first liens Debt cancellation and lien extinguishment junior liens
Alabama # of loans - 2 5
Unpaid balance (UPB) before action - $ 48,506 $ 98,891
Average UPB before action - $ 24,253 $ 19,778
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action      
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
Arizona # of loans - - 26
Unpaid balance (UPB) before action - - $ 1,425,165
Average UPB before action - - $ 54,814
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
Arkansas # of loans 1 - 6
Unpaid balance (UPB) before action $ 289,735 - $ 101,101
Average UPB before action $ 289,735 - $ 16,850
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action 9.1% - -
Average interest rate after action 3.9% - -
Average debt-to-income (DTI) before action 54 - -
Average DTI after action 32 - -
Average payment reduction (if applicable) $ 1,429 - -
California # of loans 7 - 222
Unpaid balance (UPB) before action $ 2,326,670 - $ 17,685,060
Average UPB before action $ 332,381 - $ 79,662
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action 6.5% - -
Average interest rate after action 3.7% - -
Average debt-to-income (DTI) before action 41 - -
Average DTI after action 29 - -
Average payment reduction (if applicable) $ 488 - -
Colorado # of loans - 2 29
Unpaid balance (UPB) before action - $ 151,409 $ 1,112,601
Average UPB before action - $ 75,704 $ 38,366
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
Connecticut # of loans 1 - 47
Unpaid balance (UPB) before action $ 95,609 - $ 2,576,571
Average UPB before action $ 95,609 - $ 54,821
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action 6.0% - -
Average interest rate after action 2.0% - -
Average debt-to-income (DTI) before action 58 - -
Average DTI after action 31 - -
Average payment reduction (if applicable) $ 470 - -
Delaware # of loans - 1 12
Unpaid balance (UPB) before action - $ 123,829 $ 450,846
Average UPB before action - $ 123,829 $ 37,571
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
District of Columbia # of loans - - 1
Unpaid balance (UPB) before action - - $ 45,185
Average UPB before action - - $ 45,185
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
Florida # of loans 4 4 243
Unpaid balance (UPB) before action $ 863,630 $ 464,564 $ 12,036,756
Average UPB before action $ 215,908 $ 116,141 $ 49,534
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action 5.2% - -
Average interest rate after action 4.7% - -
Average debt-to-income (DTI) before action 48 - -
Average DTI after action 27 - -
Average payment reduction (if applicable) $ 463 - -
Georgia # of loans 4 1 93
Unpaid balance (UPB) before action $ 589,218 $ 2,998 $ 3,417,913
Average UPB before action $ 147,305 $ 2,998 $ 36,752
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action 5.0% - -
Average interest rate after action 4.0% - -
Average debt-to-income (DTI) before action 37 - -
Average DTI after action 29 - -
Average payment reduction (if applicable) $ 179 - -
Hawaii # of loans - - 29
Unpaid balance (UPB) before action - - $ 2,721,734
Average UPB before action - - $ 93,853
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
Idaho # of loans - - 4
Unpaid balance (UPB) before action - - $ 148,256
Average UPB before action - - $ 37,064
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
Illinois # of loans 7 2 115
Unpaid balance (UPB) before action $ 1,625,505 $ 192,284 $ 5,374,296
Average UPB before action $ 232,215 $ 96,142 $ 46,733
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action 5.8% - -
Average interest rate after action 3.3% - -
Average debt-to-income (DTI) before action 42 - -
Average DTI after action 29 - -
Average payment reduction (if applicable) $ 674 - -
Indiana # of loans - 2 18
Unpaid balance (UPB) before action - $ 82,118 $ 435,266
Average UPB before action - $ 41,059 $ 24,181
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
Iowa # of loans - 1 4
Unpaid balance (UPB) before action - $ 63,531 $ 94,855
Average UPB before action - $ 63,531 $ 23,714
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
Kansas # of loans 1 1 4
Unpaid balance (UPB) before action $ 252,725 $ 31,233 $ 105,101
Average UPB before action $ 252,725 $ 31,233 $ 26,275
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action 7.3% - -
Average interest rate after action 4.1% - -
Average debt-to-income (DTI) before action 36 - -
Average DTI after action 19 - -
Average payment reduction (if applicable) $ 713 - -
Kentucky # of loans - 5 9
Unpaid balance (UPB) before action - $ 233,796 $ 211,497
Average UPB before action - $ 46,759 $ 23,500
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
Louisiana # of loans - - 2
Unpaid balance (UPB) before action - - $ 88,434
Average UPB before action - - $ 44,217
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
Maine # of loans - - 14
Unpaid balance (UPB) before action - - $ 538,323
Average UPB before action - - $ 38,452
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
Maryland # of loans 5 1 82
Unpaid balance (UPB) before action $ 1,102,651 $ 40,896 $ 4,924,567
Average UPB before action $ 220,530 $ 40,896 $ 60,056
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action 7.4% - -
Average interest rate after action 4.3% - -
Average debt-to-income (DTI) before action 38 - -
Average DTI after action 25 - -
Average payment reduction (if applicable) $ 660 - -
Massachusetts # of loans - - 42
Unpaid balance (UPB) before action - - $ 2,403,552
Average UPB before action - - $ 57,227
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
Michigan # of loans - 8 32
Unpaid balance (UPB) before action - $ 713,150 $ 860,038
Average UPB before action - $ 89,144 $ 26,876
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
Minnesota # of loans - - 20
Unpaid balance (UPB) before action - - $ 849,905
Average UPB before action - - $ 42,495
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
Mississippi # of loans - - 6
Unpaid balance (UPB) before action - - $ 296,566
Average UPB before action - - $ 49,428
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
Missouri # of loans - 3 17
Unpaid balance (UPB) before action - $ 168,816 $ 526,312
Average UPB before action - $ 56,272 $ 30,960
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
Nebraska # of loans - - 3
Unpaid balance (UPB) before action - - $ 89,742
Average UPB before action - - $ 29,914
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
Nevada # of loans - - 35
Unpaid balance (UPB) before action - - $ 2,078,495
Average UPB before action - - $ 59,386
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
New Hampshire # of loans - - 5
Unpaid balance (UPB) before action - - $ 212,077
Average UPB before action - - $ 42,415
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
New Jersey # of loans - 1 126
Unpaid balance (UPB) before action - $ 70,549 $ 8,295,247
Average UPB before action - $ 70,549 $ 65,835
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
New Mexico # of loans 1 - 12
Unpaid balance (UPB) before action $ 104,591 - $ 358,306
Average UPB before action $ 104,591 - $ 29,859
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action 7.8% - -
Average interest rate after action 2.0% - -
Average debt-to-income (DTI) before action 57 - -
Average DTI after action 31 - -
Average payment reduction (if applicable) $ 433 - -
New York # of loans 3 2 268
Unpaid balance (UPB) before action $ 966,842 $ 735,030 $ 22,792,247
Average UPB before action $ 322,281 $ 367,515 $ 85,046
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action 6.8% - -
Average interest rate after action 3.6% - -
Average debt-to-income (DTI) before action 43 - -
Average DTI after action 31 - -
Average payment reduction (if applicable) $ 755 - -
North Carolina # of loans 3 5 33
Unpaid balance (UPB) before action $ 544,976 $ 283,680 $ 829,835
Average UPB before action $ 181,659 $ 56,736 $ 25,147
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action 7.0% - -
Average interest rate after action 3.5% - -
Average debt-to-income (DTI) before action 35 - -
Average DTI after action 26 - -
Average payment reduction (if applicable) $ 413 - -
North Dakota # of loans - - 2
Unpaid balance (UPB) before action - - $ 43,708
Average UPB before action - - $ 21,854
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
Ohio # of loans 1 8 43
Unpaid balance (UPB) before action $ 176,769 $ 608,565 $ 1,036,448
Average UPB before action $ 176,769 $ 76,071 $ 24,103
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action 4.0% - -
Average interest rate after action 4.0% - -
Average debt-to-income (DTI) before action 34 - -
Average DTI after action 31 - -
Average payment reduction (if applicable) $ 123 - -
Oklahoma # of loans - 1 5
Unpaid balance (UPB) before action - $ 26,141 $ 176,500
Average UPB before action - $ 26,141 $ 35,300
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
Oregon # of loans - - 16
Unpaid balance (UPB) before action - - $ 657,343
Average UPB before action - - $ 41,084
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
Pennsylvania # of loans 2 8 29
Unpaid balance (UPB) before action $ 218,565 $ 340,401 $ 1,017,903
Average UPB before action $ 109,283 $ 42,550 $ 35,100
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action 7.4% - -
Average interest rate after action 4.2% - -
Average debt-to-income (DTI) before action 35 - -
Average DTI after action 25 - -
Average payment reduction (if applicable) $ 288 - -
Rhode Island # of loans - - 11
Unpaid balance (UPB) before action - - $559,553
Average UPB before action - - $50,868
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
South Carolina # of loans - 6 21
Unpaid balance (UPB) before action - $ 267,252 $ 671,945
Average UPB before action - $ 44,542 $ 31,997
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
South Dakota # of loans - - 4
Unpaid balance (UPB) before action - - $ 144,179
Average UPB before action - - $ 36,045
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
Tennessee # of loans - - 15
Unpaid balance (UPB) before action - - $ 396,671
Average UPB before action - - $ 26,445
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
Texas # of loans 2 - 75
Unpaid balance (UPB) before action $ 296,871 - $ 2,047,405
Average UPB before action $ 148,436 - $ 27,299
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action 7.9% - -
Average interest rate after action 4.1% - -
Average debt-to-income (DTI) before action 33 - -
Average DTI after action 22 - -
Average payment reduction (if applicable) $ 587 - -
Utah # of loans - - 7
Unpaid balance (UPB) before action - - $ 240,995
Average UPB before action - - $ 34,428
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
Vermont # of loans - - 1
Unpaid balance (UPB) before action - - $ 88,235
Average UPB before action - - $ 88,235
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
Virginia # of loans 1 - 32
Unpaid balance (UPB) before action $ 381,075 - $ 1,640,859
Average UPB before action $ 381,075 - $ 51,277
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action 4.8% - -
Average interest rate after action 2.0% - -
Average debt-to-income (DTI) before action 47 - -
Average DTI after action 31 - -
Average payment reduction (if applicable) $ 839 - -
Washington # of loans 1 - 30
Unpaid balance (UPB) before action $ 174,131 - $ 1,254,222
Average UPB before action $ 174,131 - $ 41,807
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action 5.1% - -
Average interest rate after action 4.1% - -
Average debt-to-income (DTI) before action 29 - -
Average DTI after action 17 - -
Average payment reduction (if applicable) $ 573 - -
West Virginia # of loans - - 4
Unpaid balance (UPB) before action - - $ 175,691
Average UPB before action - - $ 43,923
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -
Wisconsin # of loans - 2 8
Unpaid balance (UPB) before action - $ 209,409 $ 270,464
Average UPB before action - $ 104,705 $ 33,808
Average sales price (short sales) - - -
Deficiency waived - - -
Average deficiency waived - - -
Transition assistance provided - - -
Average interest rate before action - - -
Average interest rate after action - - -
Average debt-to-income (DTI) before action - - -
Average DTI after action - - -
Average payment reduction (if applicable) - - -

Note: State-by-state data presented on the gross value of foreclosure prevention assistance activities that Goldman Sachs reported taking as of April 30, 2014, including first-lien modifications and debt cancellation and the extinguishment of first and second liens. These activities have not yet been validated as eligible to receive credit toward Goldman Sachs's foreclosure prevention assistance obligation.

HAMP Home Affordable Modification Program.

HFA Housing Finance Agencies.

Last update: July 21, 2014

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