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Making Home Affordable Program Servicer Performance Report through August 2009 Home Affordable Modification Program (HAMP) Snapshot through August 20091 Number of Trial Modifications Started2 (Cumulative) 360,165 HAMP Trial Modifications Started (Cumulative) 450,000 400,000 360,165 350,000 Number of Trial Period Plan Offers Extended to Borrowers (Cumulative) 571,354 300,000 250,000 Number of Requests for Financial Information Sent to Borrowers (Cumulative) 1,883,108 200,000 150,000 100,000 1Source: 2 Trial Survey data provided by servicers. modifications start when the first trial payment is received. 50,000 , 0 HAMP Participating Servicers Approximately 85% of eligible mortgages are covered by HAMP participating servicers. 47 servicers have signed servicer participation agreements to modify loans under HAMP. These participants ti i t service i lloans owned d or guaranteed t db by F Fannie i Mae or Freddie Mac, loans held in portfolio, or loans serviced on behalf of other investors. Approximately 2,300 participants service loans owned or guaranteed by Fannie Mae or Freddie Mac. These servicers automatically participate in HAMP. HAMP Trial Plans Extended to Borrowers (Cumulative) 600,000 500,000 400 000 400,000 300,000 200,000 100,000 0 Additional information on HAMP can be found on MakingHomeAffordable.gov or by calling the Homeowner’s HOPE Hotline at 1-888-995-HOPE (4673). 571,354 Making Home Affordable Program Servicer Performance Report through August 2009 HAMP Modification Activity by Servicer Servicer Estimated Eligible 60+ Participation Day Date Delinquency1 Trial Trial Plan Modifications Offers as Share as Share of of Estimated Estimated Trial Plan Eligible 60+ Trial Eligible 60+ Offers Day Modifications Day Extended Delinquencies Started Delinquencies Trial Modification Tracker: Trial Modification Starts as a Share of Estimated Eligible 60+ Day Delinquencies 45% 40% American Home Mortgage Servicing Inc Aurora Loan Services, LLC 7/22/2009 98,754 900 1% 497 1% 5/1/2009 71,680 42,480 59% 16,044 22% 4/17/2009 835,680 125,338 15% 59,891 7% 7/1/2009 5 987 5,987 718 12% 219 4% 30% Carrington Mortgage Services , LLC CCO Mortgage CitiMortgage, Inc. 4/27/2009 6/17/2009 4/13/2009 15,975 4,401 191,128 1,308 634 59,916 8% 14% 31% 876 376 44,750 5% 9% 23% 25% Citizens First Wholesale Mortgage Company Farmers State Bank First Bank 6/26/2009 7/17/2009 7/29/2009 23 7 547 9 0 0 39% 0% 0% 8 0 0 35% 0% 0% 20% First Federal Savings and Loan 6/19/2009 20 3 15% 3 15% 15% GMAC Mortgage, Inc. 4/13/2009 67,561 26,210 39% 17,347 26% Green Tree Servicing LLC HomeEq Servicing 4/24/2009 8/5/2009 5,343 30,521 610 3 11% 0% 366 0 7% 0% Home Loan Services, Inc. IBM Southeast Employees’ Federal Credit Union J.P. Morgan Chase Bank, NA3 Lake City Bank 4/20/2009 38,530 0 0% 0 0% 7/10/2009 4/13/2009 8/5/2009 69 417,341 40 4 139,450 18 6% 33% 45% 1 106,288 2 1% 25% 5% Lake National Bank Litton Loan Servicing LP 7/10/2009 8/12/2009 1 103,871 0 6,980 0% 7% 1 2,603 100% 3% Mission Federal Credit Union MorEquity, Inc. Mortgage Center, LLC National City Bank 7/22/2009 7/17/2009 7/22/2009 6/26/2009 20 2,223 251 37,936 1 0 2 5,381 5% 0% 1% 14% 0 0 1 1,115 0% 0% 0% 3% Nationstar Mortgage LLC 5/28/2009 27,798 13,404 48% 8,219 30% 8/5/2009 14 0 0% 1 7% Ocwen Financial Corporation, Inc. OneWest Bank6 4/16/2009 8/28/2009 57,203 126,934 9,092 NA 16% NA 4,785 NA 8% NA PennyMac Loan Services, Inc. 8/12/2009 903 0 0% 0 0% PNC Bank, National Association 7/17/2009 756 6 1% 3 0% Bank of America, NA2 B Bayview i L Loan S Servicing, i i LLC 35% 30% 26% 25% 23% 22% 17% 16% 11% 9% 10% 8% 7% 7% 5% 5% 4% 4% 3% 3% 3% 2% 1% 1% 0% 0% 0% 0% MorEquityy Home Loa an HomeEq RG Mortg gage American n Home Wachovia a C National City Other Serrvicers Litton Bayview Wilshire Carrington Bank of America A Greentree e Ocwen CCO Wells Farrgo Residentiial Credit Select Po ortfolio CitiMortga age Aurora 7 J.P. Morg gan Chase GMAC Nationsta ar Saxon Oakland Municipal Credit Union 39% Note: NA denotes a newly signed servicer that has not yet started reporting Purdue Employees Federal Credit Union 7/29/2009 11 0 0% 0 0% Residential Credit Solutions RG Mortgage Corporation 6/12/2009 6/17/2009 1,585 3,379 320 146 20% 4% 274 30 17% 1% Roundpoint Mortgage Servicing Corporation6 8/28/2009 67 NA NA NA NA Saxon Mortgage Services, Inc. 4/13/2009 73,694 35,622 48% 29,011 39% Select Portfolio Servicing Servis One, Inc. Shore Bank 4/13/2009 8/12/2009 7/17/2009 59,184 258 247 25,115 3 0 42% 1% 0% 9,500 7 24 16% 3% 10% Stanford Federal Credit Union6 Technology Credit Union Wachovia Mortgage, FSB4 Wells Fargo Bank, NA 8/28/2009 6/26/2009 7/1/2009 4/13/2009 15 1 74,231 292,515 NA 0 2,470 71,718 NA 0% 3% 25% NA 0 1,812 33,172 NA 0% 2% 11% Wescom Central Credit Union 6/19/2009 163 65 40% 46 28% Wilshire Credit Corporation Other GSE Servicers5 Total 4/20/2009 19,280 299,833 2,965,980 3,428 NA 571,354 18% NA 19% 746 22,147 360,165 4% 7% 12% 1Estimated eligible 60+ day delinquent mortgages as of July 31, 2009 include loans: in foreclosure and bankruptcy. with a current unpaid principal balance less than $729,750 on a one unit property, $934,200 on a two unit property, $1,129,250 on a three unit property and $1,403,400 on a four unit property. on a property owner-occupied at origination. originated prior to January 1, 2009. Estimated eligible 60+ day delinquent loans excludes: FHA and VA loans. loans that are current or less than 60 days delinquent, which may be eligible for HAMP if a borrower is in imminent default. Bank of America, NA includes Countrywide Home Loans Servicing LP. 3 J.P. Morgan Chase Bank, NA includes EMC Mortgage Corporation. 4 Wachovia Mortgage FSB includes Wachovia Bank NA. 5Includes approximately 2,300 participants that service loans owned or guaranteed by Fannie Mae and Freddie Mac. 6 Estimated Eligible 60+ Day delinquencies based on the servicer registration form. 7 Other Servicers include entities with less than 1,000 Estimated Eligible 60+ Day Delinquencies. 2
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