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12/4/09 LIVE WEBCAST EXHIBITS AND FOLLOW UPS BELOW:
EXHIBIT LIST AND LINKS:
December 4 2009 - NBI CMIS Live Video Webcast - CLE
Exhibits from Dec. 4 2009 NBI CMIS Live Webcast
NBI CMIS Business, Law Ethics Modifications – 12/4/09
1 Bank of America Letter 10/09 _ D1
2 Rydstrom Article: Mortgage Modification Safe-Harbors? HAMP, Are We There Yet? _ D2 )
3 Rydstrom Article New Final Regulations Resolve Open Issues for Modifications of Commercial Mortgages Held by REMICs – But Modifications Held by Investment Trusts Remain Unanswered Pending Comments [TD 9463, Rev. Proc. 2009-45, Notice 2009-79] _ D3)
4 Announcement 09-33 __D4 Program Documents: Fannie Mae Deed for Lease™ (D4L) – Frequently Asked Questions__D5)
5 Mod Agreement - (See Program Documents K_Mod __D6)
6 Forbearance (See Program Documents K_Forbearance __D6)
7 Security Retention Agreement (See Program Documents K_Security Retention K __D6)
8 Williams, et al v Geithner D7 OC and 1AC D7
9 State of Ohio et al v Carrington Mortgage D8
10 Ohio Attorney General v AHMSI _D9)
HAMP ONLINE DIRECTIVES AND EXHIBITS: GO TO:
All HAMP Supplemental Directives
18 Article Time Where Are All The Foreclosure Lawyers?, by Tim Padgett / Miami Sat., 10/24/09 __D1
19 Rydstrom Article: OCTOBER 8, 2009: A BUSY HAMP DAY IN D.C. New HAMP 20 Supplemental Directive 09-07, The HAMP 500,000 Modification Milestone Announcement, New Servicer Performance Report, COB 9-30-09 Making Home Affordable Remaining Problems & Solutions: __D18).
20 Reginald Warren, Sr. v Countrywide D19
21 Karen L. Jerman v Carlisle, McNellie, etc. D20
22 FTC, California Attorney General Brown, Missouri Attorney General v. US FORECLOSURE RELIEF CORP., (7/7/09) D21
23 The People of the State of California v RMR Group, etc. (July 2009) D22
24 THE PEOPLE OF THE STATE OF CALIFORNIA, v. HOME RELIEF SERVICES, LLC, et al D23
25 THE PEOPLE OF THE STATE OF CALIFORNIA v. STATEWIDE FINANCIAL GROUP, INC., et al D 24
26 FTC Advisory Opinion Dated May 19, 2008 _D25
EXHIBITS FOR SECTION 3 COURT MEDIATION & MONITOR PROGRAM
Laws, Statutes, Rulings
A
B
C
Additional Exhibits & Links
All HAMP Supplemental Directives
Followups:
Question: Follow up re: Social Security Income Gross up:
Answer: Supplemental Directive 09-07: All HAMP Supplemental Directives
Monthly Gross Income The borrower’s “monthly gross income” is the borrower’s income amount before any payroll deductions and includes wages and salaries, overtime pay, commissions, fees, tips, bonuses, housing allowances, other compensation for personal services, Social Security payments, including Social Security and adoption subsidies received by adults on behalf of minors or by minors intended for their own support, and monthly income from annuities, insurance policies, retirement funds, pensions, disability or death benefits, unemployment benefits, rental income and other income. If only net income is available, the servicer must multiply the net income amount by 1.25 to estimate the monthly gross income. All non-taxed income, including nontaxed social security income, is considered net income. Servicers should include non-borrower household income in monthly gross income if it is voluntarily provided by the borrower and if there is documentary evidence that the income has been, and reasonably can continue to be, relied upon to support the mortgage payment. All nonborrower household income included in monthly gross income must be documented and verified by the servicer using the same standards for verifying a borrower’s income. The servicer may not require a borrower to make an up-front cash contribution (other than the first trial period payment) for the borrower to be considered for HAMP.
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