Independent Foreclosure Review Payment Agreement Details

The table below provides number of eligible borrowers and payment amounts in each category for borrowers covered by the Independent Foreclosure Review Payment Agreement. The agreement was announced in January 2013 between federal banking regulators -- the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System -- and 11 mortgage servicers. More information about these agreements is available from the regulators' Web sites -- www.occ.gov and www.federalreserve.gov. 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, or the payments calculated on a case-by-case basis in the second category. This table excludes borrowers whose mortgages were serviced by Goldman Sachs and Morgan Stanley. Borrowers Who  Requested a Review All Other Borrowers Foreclosure Number of Stage Borrowers
Rescinded Completed In process Completed Servicer initiated or completed foreclosure on In process borrower who was not in default* Rescinded Completed Servicer initiated or completed foreclosure on In process borrower who was protected by federal Rescinded bankruptcy law Completed Servicer completed foreclosure on borrower who was meeting all requirements of documented forbearance plan (applies only to rescinded or completed foreclosures) Rescinded 8 123 33 11 46 8 8 2,401 28 763 50

Category
Servicer foreclosed on borrower eligible for Servicemembers Civil Relief Act (SCRA) protection (applies only to rescinded or completed foreclosures)* Servicer charged servicemembers interest rates that exceed SCRA Section 527 limits**

Number of Payment Borrowers Payment
$15,000 $125,000 >=$300 >=$300 $5,000 $15,000 $125,000 $7,500 $7,500 $62,500 $6,000 108 959 317 63 543 29 45 19,860 160 5,075 185 $15,000 $125,000 >=$300 >=$300 $5,000 $15,000 $125,000 $3,750 $3,750 $31,250 $3,000

Total Borrowers
116 1,082 350 74 589 37 53 22,261 188 5,838 235

Completed

162

$24,000

684

$12,000

846

In process Servicer failed to convert borrower to permanent modification after three successful Rescinded payments under a written trial-period plan Completed Servicer completed foreclosure on borrower who was performing all requirements of the written trial-period plan Modification request approved Rescinded Completed In process Rescinded Completed Modification request denied In process Rescinded Completed Modification request received but no underwriting decision made In process Rescinded Completed Servicer did not engage with borrower in a loan modification or other loss mitigation action All other loans In process Rescinded Completed In process Rescinded Completed Totals

461 31 239 29 163 118,177 2,617 39,368 62,557 1,539 60,251 21,153 709 27,152 16,679 350 36,564 21,459 450 24,959 438,548

$6,000 $6,000 $50,000 $6,000 $50,000 $500 $500 $500 $2,000 $2,000 $6,000 $800 $800 $800 $600 $600 $600 $500 $500 $500

2,436 91 718 126 477 746,894 9,229 195,448 432,595 6,007 309,597 200,596 3,757 168,479 312,881 4,549 531,912 334,630 4,161 218,737 3,511,348

$3,000 $3,000 $25,000 $3,000 $25,000 $300 $300 $300 $1,000 $1,000 $3,000 $400 $400 $400 $300 $300 $300 $300 $300 $300

2,897 122 957 155 640 865,071 11,846 234,816 495,152 7,546 369,848 221,749 4,466 195,631 329,560 4,899 568,476 356,089 4,611 243,696 3,949,896

*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. **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.

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