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Making Home Affordable Program Servicer Performance Report Through September 2009 Home Affordable Modification Program (HAMP) Snapshot through September 2009 HAMP Trial Modifications (Cumulative, by Month) 487,081 500,000 Number of Trial Modifications1 487,081 386,865 400,000 Number of Trial Period Plan Offers Extended to Borrowers (Cumulative) 2 757,955 300,000 253,673 Number of Requests for Financial Information Sent to Borrowers (Cumulative) 2 2,484,783 200,000 143,276 100,000 50,130 1 Trial and official modifications as of September 30; based on numbers reported by servicers to the HAMP system of record. 2 Source: Survey data provided by servicers, through October 1. 0 May and Prior June July August September Source: Trial and official modifications as of September 30; based on numbers reported by servicers to the HAMP system of record. HAMP Participating Servicers Approximately 85% of eligible 60-plus day delinquent mortgage debt outstanding is covered by HAMP participating servicers. 63 servicers have signed servicer participation agreements to modify loans under HAMP. These participants service loans owned or guaranteed by Fannie 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, by Month) 757,955 800,000 700,000 571,354 600,000 500,000 406,542 400,000 300,000 242,366 200,000 105,806 100,000 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). May June Source: Survey data provided by servicers. September data includes October 1. July August September Making Home Affordable Program Servicer Performance Report Through September 2009 HAMP Modification Activity by Servicer Servicer American Home Mortgage Servicing Inc Aurora Loan Services, LLC Bank of America, NA3 Bayview Loan Servicing, LLC Carrington Mortgage Services LLC CCO Mortgage CitiMortgage, Inc. Franklin Credit Management Corporation GMAC Mortgage, Inc. Green Tree Servicing LLC HomeEq Servicing Home Loan Services, Inc. J.P. Morgan Chase Bank, NA4 Litton Loan Servicing LP MorEquity, Inc. National City Bank Nationstar Mortgage LLC Ocwen Financial Corporation, Inc. OneWest Bank Residential Credit Solutions RG Mortgage Corporation Saxon Mortgage Services, Inc. Select Portfolio Servicing US Bank NA Wachovia Mortgage, FSB5 Wells Fargo Bank, NA Wilshire Credit Corporation Other SPA servicers6 Other GSE Servicers7 Total 1 Estimated Estimated Eligible 60+ Participation Day Date Delinquency1 Trial Plan Offers Extended Trial Modification Tracker: Trial Modifications as a Share of Estimated Eligible 60+ Day Delinquencies Trial Modifications Trial Plan as Share of Offers as Share Estimated of Estimated Eligible 60+ Eligible 60+ Trial Day Day Modifications Delinquencies Delinquencies Started 2 7/22/09 5/1/29 4/17/29 7/1/09 114,272 72,912 875,917 8,987 6,817 37,831 156,120 2,158 6% 52% 18% 24% 440 23,889 94,918 196 0% 33% 11% 2% 4/27/09 6/17/09 4/13/09 17,149 4,648 208,427 1,584 879 88,472 9% 19% 42% 584 158 68,248 3% 3% 33% Saxon 41% CitiMortgage 33% Aurora 33% Nationstar 28% J.P. Morgan Chase 27% GMAC 26% Select Portfolio 26% Wells Fargo 20% Residential Credit 9/11/09 4/13/09 4/24/09 8/5/09 4/20/09 4/13/09 8/12/09 7/17/09 6/26/09 5/28/09 4/16/09 8/28/09 6/12/09 6/17/09 4/13/09 4/13/09 9/9/09 7/1/09 4/13/09 4/20/09 --- 2,635 73,498 4,114 39,934 45,822 437,652 107,341 2,244 40,582 29,846 68,088 109,222 1,831 3,473 79,921 60,848 28,356 75,074 310,716 29,153 4,684 242,959 3,100,305 eligible 60+ day delinquent mortgages as of August 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 that was 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. 2 Trial and official modifications as reported into the HAMP system of record. 3 Bank of America, NA includes Countrywide Home Loans Servicing LP. 4 J.P. Morgan Chase Bank, NA includes EMC Mortgage Corporation. 5 Wachovia Mortgage FSB includes Wachovia Bank NA. 6 Other SPA servicers are entities with less than 1,000 estimated eligible 60+ day 0 31,720 810 444 279 163,617 13,567 11 9,267 16,974 10,650 23,017 364 173 38,332 32,024 6,925 2,896 106,427 6,412 185 NA 757,955 0% 43% 20% 1% 1% 37% 13% 0% 23% 57% 16% 21% 20% 5% 48% 53% 24% 4% 34% 22% 4% NA 24% NA8 19,331 474 0 26 117,196 2,229 0 3,845 8,413 5,193 5,217 313 64 32,931 15,706 863 2,019 62,989 2,929 102 18,808 487,081 NA 26% 12% 0% 0% 27% 2% 0% 9% 28% 8% 5% 17% 2% 41% 26% 3% 3% 20% 10% 2% 8% 16% delinquencies that have signed participation agreements with Treasury and Fannie Mae. Those servicers are: Allstate Mortgage Loans and Investments; AMS Servicing, LLC; Bay Federal Credit Union; Central Florida Educators Federal Credit Union; Central Jersey Federal Credit Union; Citizens First Wholesale Mortgage Company; CUC Mortgage Corp.; Farmers State bank; First Bank; First Federal Savings and Loan; Glass City Federal Credit Union; Horicon Bank; IBM Southeast Employees’ Federal Credit Union; Lake City Bank; Lake National Bank; Metropolitan National Bank; Mission Federal Credit Union; Mortgage Center LLC; Oakland Municipal Credit Union; ORNL Federal Credit Union; PennyMac Loan Services LLC; PNC Bank, NA; Purdue Employees Federal Credit Union; Roundpoint Mortgage Servicing Corp.; Schools Financial Credit Union; SEFCU; Servis One, Inc.; Shore Bank; Stanford Federal Credit Union; Technology Credit Union; Vantium Capital, Inc.; Wescom Central Credit Union; and Yadkin Valley Bank. 7 Includes approximately 2,300 participants that service loans owned or guaranteed by Fannie Mae and Freddie Mac. 8 NA denotes a newly signed servicer not yet fully reporting into the program. Greentree 12% Bank of America September 11% Wilshire 10% National City 9% Other GSE Servicers 8% Ocwen 8% OneWest 1 5% CCO 3% US Bank 1 3% Carrington 3% Wachovia 3% RG Mortgage 2% Bayview Litton August 17% 2% 1 2% American Home 0% HomeEq 1 0% Home Loan 0% MorEquity 0% 0% 5% 10% 15% 20% 25% 30% % of Eligible 60+ Day Loans in Trial 1 HomeEq, Litton, OneWest and USBank began participation after July 31, 2009. Note: August trials as a share of 60+ day delinquencies on July 31, 2009. September trials as a share of 60+ day delinquencies on August 31, 2009. 35% 40% 45%