{"id":43622,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/shared-loss-agreement-single-family-residential-mortgage-loans.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"shared-loss-agreement-single-family-residential-mortgage-loans","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/planning\/shared-loss-agreement-single-family-residential-mortgage-loans.html","title":{"rendered":"Shared-Loss Agreement – Single-Family Residential Mortgage Loans – UnionBanCal Corp. and the FDIC"},"content":{"rendered":"

SINGLE FAMILY SHARED-LOSS AGREEMENT<\/strong><\/p>\n

\n

This agreement for the reimbursement of loss sharing on certain single family
\nresidential mortgage loans (the “Single Family Shared-Loss Agreement”) shall
\napply when the Assuming Institution purchases Single Family Shared-Loss Loans as
\nthat term is defined herein. The terms hereof shall modify and supplement, as
\nnecessary, the terms of the Purchase and Assumption Agreement to which this
\nSingle Family Shared-Loss Agreement is attached as Exhibit 4.15A and
\nincorporated therein. To the extent any inconsistencies may arise between the
\nterms of the Purchase and Assumption Agreement and this Single Family
\nShared-Loss Agreement with respect to the subject matter of this Single Family
\nShared-Loss Agreement, the terms of this Single Family Shared-Loss Agreement
\nshall control. References in this Single Family Shared-Loss Agreement to a
\nparticular Section shall be deemed to refer to a Section in this Single Family
\nShared-Loss Agreement, unless the context indicates that it is intended to be a
\nreference to a Section of the Purchase and Assumption Agreement.<\/p>\n

ARTICLE I : DEFINITIONS<\/strong><\/p>\n

\n

The capitalized terms used in this Single Family Shared-Loss Agreement that
\nare not defined in this Single Family Shared-Loss Agreement are defined in the
\nPurchase and Assumption Agreement. In addition to the terms defined above,
\ndefined below are certain additional terms relating to loss-sharing, as used in
\nthis Single Family Shared-Loss Agreement.<\/p>\n

“Accounting Records<\/u><\/strong>” means the subsidiary system of
\nrecord on which the loan history and balance of each Single Family Shared-Loss
\nLoan is maintained; individual loan files containing either an original or
\ncopies of documents that are customary and reasonable with respect to loan
\nservicing, including management and disposition of Other Real Estate; the
\nrecords documenting alternatives considered with respect to loans in default or
\nfor which a default is reasonably foreseeable; records of loss calculations and
\nsupporting documentation with respect to line items on the loss calculations;
\nand, monthly delinquency reports and other performance reports customarily
\nutilized by the Assuming Institution in management of loan portfolios.<\/p>\n

“Accrued Interest<\/u><\/strong>” means, with respect to Single
\nFamily Shared-Loss Loans, the amount of earned and unpaid interest at the note
\nrate specified in the applicable loan documents, limited to 90 days.<\/p>\n

“Affiliate<\/u>“<\/strong> shall have the meaning set forth in the
\nPurchase and Assumption Agreement; provided<\/u>, that<\/u>, for purposes of
\nthis Single Family Shared-Loss Agreement, no Third Party Servicer shall be
\ndeemed to be an Affiliate of the Assuming Institution.<\/p>\n

“Commencement Date<\/u><\/strong>” means the first calendar day
\nfollowing the Bank Closing.<\/p>\n

“Commercial Shared-Loss Agreement<\/u><\/strong>” means the
\nCommercial Shared-Loss Agreement attached to the Purchase and Assumption
\nAgreement as Exhibit 4.15B.<\/p>\n

62<\/p>\n

\n

<\/p>\n

“Cumulative Loss Amount<\/u><\/strong>” means the sum of the Monthly
\nLoss Amounts less the sum of all Recovery Amounts.<\/p>\n

“Cumulative Servicing Amount<\/u>“<\/strong> means the sum of the
\nPeriod Servicing Amounts for every consecutive twelve-month period prior to and
\nending on the True-Up Measurement Date in respect of each of the Shared-Loss
\nAgreements during which the loss-sharing provisions of the applicable
\nShared-Loss Agreement is in effect.<\/p>\n

“Cumulative Shared-Loss Amount<\/u><\/strong>” means the excess, if
\nany, of the Cumulative Loss Amount over the First Loss Tranche.<\/p>\n

“Cumulative Shared-Loss Payments<\/u><\/strong>” means (i) the
\naggregate of all of the payments made or payable to the Assuming Institution
\nunder the Shared-Loss Agreements minus (ii) the aggregate of all of the payments
\nmade or payable to the Receiver under the Shared-Loss Agreements.<\/p>\n

“Customary Servicing Procedures<\/u><\/strong>” means procedures
\n(including collection procedures) that the Assuming Institution (or, to the
\nextent a Third Party Servicer is engaged, the Third Party Servicer) customarily
\nemploys and exercises in servicing and administering mortgage loans for its own
\naccounts and the servicing procedures established by FNMA or FHLMC (as in effect
\nfrom time to time), which are in accordance with accepted mortgage servicing
\npractices of prudent lending institutions.<\/p>\n

“Deficient Loss<\/u>” <\/strong>means the determination by a court
\nin a bankruptcy proceeding that the value of the collateral is less than the
\namount of the loan in which case the loss will be the difference between the
\nthen unpaid principal balance (or the NPV of a modified loan that defaults) and
\nthe value of the collateral so established.<\/p>\n

“Examination Criteria<\/u>“<\/strong> means the loan classification
\ncriteria employed by, or any applicable regulations of, the Assuming
\nInstitution153s Chartering Authority at the time such action is taken, as such
\ncriteria may be amended from time to time.<\/p>\n

“Home Equity Loan<\/u><\/strong>” means a loan or funded or unfunded
\nportions of a line of credit secured by a mortgage on a one-to four-family
\nresidences or stock of cooperative housing association, where the Failed Bank
\ndid not have a first lien on the same property as collateral.<\/p>\n

“Final Shared-Loss Month<\/u><\/strong>” means the calendar month in
\nwhich the tenth anniversary of the Commencement Date occurs.<\/p>\n

“Foreclosure Loss<\/u><\/strong>” means the loss realized when the
\nAssuming Institution has completed the foreclosure on a Single Family
\nShared-Loss Loan and realized final recovery on the collateral through
\nliquidation and recovery of all insurance proceeds. Each Foreclosure Loss shall
\nbe calculated in accordance with the form and methodology specified in Exhibits
\n2c(1)-(3).<\/p>\n

“Intrinsic Loss Estimate<\/u>“<\/strong> means total losses under
\nthe shared loss agreements in the amount of One Billion, Five Hundred Thousand
\nDollars and No Cents ($1,500,000,000.00).<\/p>\n

“Investor-Owned Residential Loan<\/u><\/strong>” means a Loan,
\nexcluding advances made<\/p>\n

63<\/p>\n

\n

<\/p>\n

pursuant to a Home Equity Loan, that is secured by a mortgage on a one- to
\nfour family residences or stock of cooperative housing associations that is not
\nowner-occupied or the borrower153s primary residence.<\/p>\n

“Loss<\/u><\/strong>” means a Foreclosure Loss, Restructuring Loss,
\nShort Sale Loss, Portfolio Loss, Modification Default Loss or Deficient Loss.\n<\/p>\n

“Loss Amount<\/u><\/strong>” means the dollar amount of loss
\nincurred and reported on the Monthly Certificate for a Shared-Loss Loan.<\/p>\n

“Modification Default Loss<\/u><\/strong>” means the loss calculated
\nin Exhibits 2a(1)-(3) for single family loans previously modified pursuant to
\nthis Single Family Shared-Loss Agreement that subsequently default and result in
\na foreclosure, short sale or Deficient Loss.<\/p>\n

“Modification Guidelines<\/u>“<\/strong> has the meaning provided in
\nSection 2.1(a) of this Single Family Shared-Loss Agreement.<\/p>\n

“Monthly Certificate<\/u><\/strong>” has the meaning provided in
\nSection 2.1(b) of this Single Family Shared-Loss Agreement.<\/p>\n

“Monthly Loss Amount<\/u><\/strong>” means the sum of all
\nForeclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses,
\nModification Default Losses and Deficient Losses realized by the Assuming
\nInstitution for any Shared Loss Month.<\/p>\n

“Monthly Shared-Loss Amount<\/u><\/strong>” means the change in the
\nCumulative Shared-Loss Amount from the beginning of each month to the end of
\neach month.<\/p>\n

“Neutral Member<\/u><\/strong>” has the meaning provided in Section
\n2. 1(f)(ii) of this Single Family Shared-Loss Agreement.<\/p>\n

“Period Servicing Amount<\/u>“<\/strong> means, for any twelve month
\nperiod with respect to each of the Shared-Loss Agreements during which the
\nloss-sharing provisions of the applicable Shared-Loss Agreement are in effect,
\nthe product of (i) the simple average of the principal amount of Shared-Loss
\nLoans and Shared-Loss Assets (other than the Shared-Loss Securities) (in each
\ncase as defined in the Shared-Loss Agreements), as the case may be, at the
\nbeginning of such period and at the end of such period times (ii) one percent
\n(1%).<\/p>\n

“Portfolio Loss<\/u><\/strong>” means the loss realized on either
\n(i) a portfolio sale of Single Family Shared-Loss Loans in accordance with the
\nterms of Article IV or (ii) the sale of a loan with the consent of the Receiver
\nas provided in Section 2.7.<\/p>\n

“Recovery Amount<\/u><\/strong>” means, with respect to any period
\nprior to the Termination Date, the amount of collected funds received by the
\nAssuming Institution that (i) are applicable against a Foreclosure Loss
\ncalculated in accordance with Exhibits 2c(1)-(3), or (iii) gains realized from a
\nSection 4.1 sale of Single Family Shared-Loss Loans for which the Assuming
\nInstitution has previously received a Restructuring Loss payment from the
\nReceiver (iv) or any incentive payments from national programs paid to an
\ninvestor or borrower on loans that have been modified or otherwise treated
\n(short sale or foreclosure) in accordance with Exhibit 5.<\/p>\n

64<\/p>\n

\n

<\/p>\n

“Related Loans<\/u><\/strong>” has the meaning set forth in Section
\n3.1.<\/p>\n

“Restructuring Loss<\/u><\/strong>” means the loss on a modified or
\nrestructured loan measured by the difference between (a) the principal, Accrued
\nInterest, tax and insurance advances, third party or other fees due on a loan
\nprior to the modification or restructuring, and (b) the net present value of
\nestimated cash flows on the modified or restructured loan, discounted at the
\nThen-Current Interest Rate. Each Restructuring Loss shall be calculated in
\naccordance with the form and methodology attached as Exhibits 2a(1)-(3), as
\napplicable.<\/p>\n

“Restructured Loan<\/u><\/strong>” means a Single Family Shared-Loss
\nLoan for which the Assuming Institution has received a Restructuring Loss
\npayment from the Receiver. This applies to owner occupied and investor owned
\nresidences.<\/p>\n

“Servicing Officer<\/u><\/strong>” has the meaning provided in
\nSection 2.1(b) of this Single Family Shared-Loss Agreement.<\/p>\n

“Shared Loss Loan<\/u><\/strong>” means a Single Family Shared-Loss
\nLoan, Investor-Owned Residential Loan, Restructured Loan or Home Equity Loan.\n<\/p>\n

“Shared-Loss Month<\/u><\/strong>” means each calendar month between
\nthe Commencement Date and the last day of the month in which the tenth
\nanniversary of the Commencement Date occurs, provided that, the first
\nShared-Loss Month shall begin on the Commencement Date and end on the last day
\nof that month.<\/p>\n

“Shared-Loss Payment Trigger<\/u><\/strong>” means when the sum of
\nthe Cumulative Loss Amount under this Single Family Shared-Loss Agreement and
\nthe cumulative Shared-Loss Amounts under the Commercial Shared-Loss Agreement,
\nexceeds the First Loss Tranche. If the First Loss Tranche is zero or a negative
\nnumber, the Shared Loss Payment Trigger shall be deemed to have been reached
\nupon Bank Closing.<\/p>\n

“Shares<\/u><\/strong>” means common stock and any instrument which
\nby its terms is currently convertible into common stock, or which may become
\nconvertible into common stock.<\/p>\n

“Short-Sale Loss<\/u><\/strong>” means the loss resulting from the
\nAssuming Institution153s agreement with the mortgagor to accept a payoff in an
\namount less than the balance due on the loan (including the costs of any cash
\nincentives to borrower to agree to such sale or to maintain the property pending
\nsuch sale), further provided<\/u>, that<\/u> each Short-Sale Loss shall be
\ncalculated in accordance with the form and methodology specified in Exhibits
\n2b(1)-(3).<\/p>\n

“Single Family Shared-Loss Loan<\/u><\/strong>” means a single
\nfamily one-to-four owner-occupied residential mortgage loans, excluding advances
\nmade pursuant to Home Equity Loans, that is secured by a mortgage on a one-to
\nfour family residences or stock of cooperative housing associations (whether
\nowned by the Assuming Institution or any Subsidiary).<\/p>\n

“Termination Date<\/u><\/strong>” means the last day of the Final
\nShared-Loss Month.<\/p>\n

“Then-Current Interest Rate<\/u><\/strong>” means the most recently
\npublished Freddie Mac survey rate for 30-year fixed-rate loans for
\nInvestor-Owned Loans or such other interest rate<\/p>\n

65<\/p>\n

\n

<\/p>\n

approved by the Receiver.<\/p>\n

“Third Party Servicer<\/u><\/strong>” means any servicer appointed
\nfrom time to time by the Assuming Institution or any Affiliate of the Assuming
\nInstitution to service the Shared-Loss Loans on behalf of the Assuming
\nInstitution, the identity of which shall be given to the Receiver prior to or
\nconcurrent with the appointment thereof.<\/p>\n

ARTICLE II : SHARED-LOSS ARRANGEMENT<\/strong><\/p>\n

\n

2.1 Shared-Loss Arrangement<\/u>.<\/strong><\/p>\n

(a) Loss Mitigation and Consideration of
\nAlternatives<\/u><\/strong>.<\/p>\n

(i) For each Single Family Shared-Loss Loan in default or for which a default
\nis reasonably foreseeable, the Assuming Institution shall undertake reasonable
\nand customary loss mitigation efforts, in accordance with any of the following
\nprograms selected by Assuming Institution in its sole discretion, Exhibit 5
\n(FDIC Mortgage Loan Modification Program), the United States Treasury153s Home
\nAffordable Modification Program Guidelines or any other modification program
\napproved by the United States Treasury Department, the Corporation, the Board of
\nGovernors of the Federal Reserve System or any other governmental agency (it
\nbeing understood that the Assuming Institution can select different programs for
\nthe various Single Family Shared-Loss Loans) (such program chosen, the
\n“Modification Guidelines”). After selecting the applicable Modification
\nGuideline for each such Single Family Shared-Loss Loan, the Assuming Institution
\nshall document its consideration of foreclosure, loan restructuring under the
\napplicable Modification Guideline chosen, and short-sale (if short-sale is a
\nviable option) alternatives and shall select the alternative the Assuming
\nInstitution believes, based on its estimated calculations, will result in the
\nleast Loss. If unemployment or underemployment is the primary cause for default
\nor for which a default is reasonably foreseeable, the Assuming Institution may
\nconsider the borrower for a temporary forbearance plan which reduces the loan
\npayment to an affordable level for at least six (6) months.<\/p>\n

(ii) Losses on Home Equity Loans shall be shared under the charge-off
\npolicies of the Assuming Institution153s Examination Criteria as if they were
\nSingle Family Shared-Loss Loans.<\/p>\n

(iii) Losses on Investor-Owned Residential Loans shall be treated as
\nRestructured Loans, and with the consent of the Receiver can be restructured
\nunder terms separate from the Exhibit 5 standards. Please refer to Exhibits
\n2(a)(1)-(2) for guidance in Calculation of Loss for Restructured Loans. Losses
\non Investor-Owned Residential Loans will be treated as if they were Single
\nFamily Shared-Loss Loans.<\/p>\n

(iv) The Assuming Institution shall retain its loss calculations for the
\nShared Loss Loans and such calculations shall be provided to the Receiver upon
\nrequest. For the avoidance of doubt and notwithstanding anything herein to the
\ncontrary, (x) the Assuming Institution is not required to modify or restructure
\nany Shared-Loss Loan on more than one occasion and (y) the Assuming Institution
\nis not required to consider any alternatives with respect to any Shared-Loss
\nLoan in the process of foreclosure as of the Bank Closing if the Assuming
\nInstitution can<\/p>\n

66<\/p>\n

\n

<\/p>\n

document that a loan modification is not cost effective and shall be entitled
\nto continue such foreclosure measures and recover the Foreclosure Loss as
\nprovided herein, and (z) the Assuming Institution shall have a transition period
\nof up to 90 days after Bank Closing to implement the Modification Guidelines,
\nduring which time, the Assuming Institution may submit claims under such
\nguidelines as may be in place at the Failed Bank.<\/p>\n

(b) Monthly Certificates<\/u><\/strong>.<\/p>\n

Not later than fifteen (15) days after the end of each Shared-Loss Month,
\nbeginning with the month in which the Commencement Date occurs and ending in the
\nFinal Shared-Loss Month, the Assuming Institution shall deliver to the Receiver
\na certificate, signed by an officer of the Assuming Institution involved in, or
\nresponsible for, the administration and servicing of the Shared-Loss Loans whose
\nname appears on a list of servicing officers furnished by the Assuming
\nInstitution to the Receiver, (a “Servicing Officer”) setting forth in such form
\nand detail as the Receiver may reasonably specify (a “Monthly Certificate”):\n<\/p>\n

(i) (A) a schedule substantially in the form of Exhibit 1 listing:<\/p>\n

(i) each Shared-Loss Loan for which a Loss Amount (calculated in accordance
\nwith the applicable Exhibit) is being claimed, the related Loss Amount for each
\nShared-Loss Loan, and the total Monthly Loss Amount for all Shared-Loss Loans;\n<\/p>\n

(ii) each Shared-Loss Loan for which a Recovery Amount was received, the
\nRecovery Amount for each Shared-Loss Loan, and the total Recovery Amount for all
\nShared-Loss Loans;<\/p>\n

(iii) the total Monthly Loss Amount for all Shared-Loss Loans minus the total
\nmonthly Recovery Amount for all Shared-Loss Loans;<\/p>\n

(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the
\nmonth;<\/p>\n

(v) the Monthly Shared Loss Amount;<\/p>\n

(vi) the result obtained in (v) times 80%, which is the amount to be paid
\nunder Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver
\nto the Assuming Institution if the amount is a positive number, or by the
\nAssuming Institution to the Receiver if the amount is a negative number;<\/p>\n

(ii) for each of the Shared-Loss Loans for which a Loss is claimed for that
\nShared-Loss Month, a schedule showing the calculation of the Loss Amount using
\nthe form and methodology shown in Exhibits 2a(1)-(3), Exhibit 2b, or Exhibits
\n2c(1)-(2), as applicable.<\/p>\n

67<\/p>\n

\n

<\/p>\n

(iii) For each of the Restructured Loans where a gain or loss is realized in
\na sale under Section 4.1 or 4.2, a schedule showing the calculation using the
\nform and methodology shown in Exhibits 2d(1)-(2).<\/p>\n

(iv) a portfolio performance and summary schedule substantially in the form
\nshown in Exhibit 3.<\/p>\n

(c) Monthly Data Download<\/u><\/strong>. Not later than fifteen
\n(15) days after the end of each month, beginning with the month in which the
\nCommencement Date occurs and ending with the Final Shared-Loss Month, Assuming
\nInstitution shall provide Receiver:<\/p>\n

(i) the servicing file in machine-readable format including but not limited
\nto the fields shown on Exhibit 2.1(c) for each outstanding Single Family
\nShared-Loss Loan, as applicable; and<\/p>\n

(ii) an Excel file for ORE held as a result of foreclosure on a Single Family
\nShared-Loss Loan listing:<\/p>\n

(A) Foreclosure date<\/p>\n

(B) Unpaid loan principal balance<\/p>\n

(C) Appraised value or BPO value, as applicable<\/p>\n

(D) Projected liquidation date<\/p>\n

Notwithstanding the foregoing, the Assuming Institution shall not be required
\nto provide any of the foregoing information to the extent it is unable to do so
\nas a result of the Failed Bank153s or Receiver153s failure to provide information
\nrequired to produce the information set forth in this Section 2.1(c);
\nprovided<\/u>, that the Assuming Institution shall, consistent with Customary
\nServicing Procedures seek to produce any such missing information or improve any
\ninaccurate information previously provided to it.<\/p>\n

(d) Payments With Respect to Shared-Loss Assets<\/u><\/strong>.
\nAfter the Shared Loss Payment Trigger is reached, not later than fifteen (15)
\ndays after the date on which the Receiver receives the Monthly Certificate, the
\nReceiver shall pay to the Assuming Institution, in immediately available funds,
\nan amount equal to eighty percent (80%) of the Monthly Shared-Loss Amount
\nreported on the Monthly Certificate. If the total Monthly Shared-Loss Amount
\nreported on the Monthly Certificate is a negative number, the Assuming
\nInstitution shall pay to the Receiver in immediately available funds eighty
\npercent (80%) of that amount.<\/p>\n

(e) Limitations on Shared-Loss Payment<\/u><\/strong>. The Receiver
\nshall not be required to make any payments pursuant to Section 2.1(d) with
\nrespect to any Foreclosure Loss, Restructuring Loss, Short Sale Loss, Deficient
\nLoss, or Portfolio Loss that the Receiver determines, based upon the criteria
\nset forth in this Single Family Shared-Loss Agreement (including the analysis
\nand documentation requirements of Section 2.1(a)) or Customary Servicing
\nProcedures, should not have been effected by the Assuming Institution; provided,
\nhowever, (x) the Receiver must provide notice to the Assuming Institution
\ndetailing the grounds for not making such payment, (y) the Receiver must provide
\nthe Assuming Institution with a reasonable opportunity to cure any such
\ndeficiency and (z) (1) to the extent curable, if cured, the<\/p>\n

68<\/p>\n

\n

<\/p>\n

Receiver shall make payment with respect to the properly effected Loss, and
\n(2) to the extent not curable, shall not constitute grounds for the Receiver to
\nwithhold payment as to all other Losses (or portion of Losses) that are properly
\npayable pursuant to the terms of this Single Family Shared-Loss Agreement. In
\nthe event that the Receiver does not make any payment with respect to Losses
\nclaimed pursuant to Section 2.1(d), the Receiver and Assuming Institution shall,
\nupon final resolution, make the necessary adjustments to the Monthly Shared-Loss
\nAmount for that Monthly Certificate and the payment pursuant to Section 2.1(d)
\nabove shall be adjusted accordingly.<\/p>\n

(f) Payments by Wire-Transfer<\/u><\/strong>. All payments under
\nthis Single Family Shared-Loss Agreement shall be made by wire-transfer in
\naccordance with the wire-transfer instructions on Exhibit 4.<\/p>\n

(g) Payment in the Event Losses Fail to Reach Expected
\nLevel<\/u><\/strong>. On the date that is 45 days following the last day (such
\nday, the “True-Up Measurement Date”) of the Final Shared Loss Month, or upon the
\nfinal disposition of all Shared Loss Assets under this Single Family Shared-Loss
\nAgreement at any time after the termination of the Commercial Shared-Loss
\nAgreement, the Assuming Institution shall pay to the Receiver fifty percent
\n(50%) of the excess, if any, of (i) twenty percent (20%) of the Intrinsic Loss
\nEstimate less (ii) the sum of (A) twenty-five percent (25%) of the asset premium
\n(discount) plus (B) twenty-five percent (25%) of the Cumulative Shared-Loss
\nPayments plus (C) the Cumulative Servicing Amount. The Assuming Institution
\nshall deliver to the Receiver not later than 30 days following the True-Up
\nMeasurement Date, a schedule, signed by an officer of the Assuming Institution,
\nsetting forth in reasonable detail the calculation of the Cumulative Shared-Loss
\nPayments and the Cumulative Servicing Amount.<\/p>\n

(h) Payments as Administrative Expenses<\/u>. <\/strong>Payments
\nfrom the Receiver with respect to this Single Family Shared-Loss Agreement are
\nadministrative expenses of the Receiver. To the extent the Receiver needs funds
\nfor shared-loss payments respect to this Single Family Shared-Loss Agreement,
\nthe Receiver shall request funds under the Master Loan and Security Agreement,
\nas amended (“MLSA”), from FDIC in its corporate capacity. The Receiver will not
\nagree to any amendment of the MLSA that would prevent the Receiver from drawing
\non the MLSA to fund shared-loss payments.<\/p>\n

2.2 Auditor Report; Right to Audit.<\/u><\/strong><\/p>\n

(a) Within the time period permitted for the examination audit pursuant to 12
\nCFR Section 363 after the end of each fiscal year during which the Receiver
\nmakes any payment to the Assuming Institution under this Single Family
\nShared-Loss Agreement, the Assuming Institution shall deliver to the Receiver a
\nreport signed by its independent public accountants stating that they have
\nreviewed the terms of this Single Family Shared-Loss Agreement and that, in the
\ncourse of their annual audit of the Assuming Institution153s books and records,
\nnothing has come to their attention suggesting that any computations required to
\nbe made by the Assuming Institution during such fiscal year pursuant to this
\nArticle II were not made by the Assuming Institution in accordance herewith. In
\nthe event that the Assuming Institution cannot comply with the preceding
\nsentence, it shall promptly submit to the Receiver corrected computations
\ntogether with a report signed by its independent public accountants stating
\nthat, after giving effect to such<\/p>\n

69<\/p>\n

\n

<\/p>\n

corrected computations, nothing has come to their attention suggesting that
\nany computations required to be made by the Assuming Institution during such
\nyear pursuant to this Article II were not made by the Assuming Institution in
\naccordance herewith. In such event, the Assuming Institution and the Receiver
\nshall make all such accounting adjustments and payments as may be necessary to
\ngive effect to each correction reflected in such corrected computations,
\nretroactive to the date on which the corresponding incorrect computation was
\nmade.<\/p>\n

(b) The Assuming Institution shall perform on an annual basis an internal
\naudit of its compliance with the provisions of this Article II and shall provide
\nthe Receiver and the Corporation with copies of the internal audit reports and
\naccess to internal audit workpapers related to such internal audit.<\/p>\n

(c) The Receiver or the FDIC in its corporate capacity (“Corporation”), its
\ncontractors and their employees, and its agents may perform an audit or audits
\nto determine the Assuming Institution153s compliance with the provisions of this
\nSingle Family Shared-Loss Agreement, including this Article II, by providing not
\nless than ten (10) Business Days153 prior written notice. Assuming Institution
\nshall provide access to pertinent records and proximate working space in
\nAssuming Institution153s facilities. The scope and duration of any such audit
\nshall be within the reasonable discretion of the Receiver or the Corporation,
\nbut shall in no event be administered in a manner that unreasonably interferes
\nwith the operation of the Assuming Institution153s business. The Receiver or the
\nCorporation, as the case may be, shall bear the expense of any such audit. In
\nthe event that any corrections are necessary as a result of such an audit or
\naudits, the Assuming Institution and the Receiver shall make such accounting
\nadjustments and payments as may be necessary to give retroactive effect to such
\ncorrections.<\/p>\n

2.3 Withholdings<\/u><\/strong>. Notwithstanding any other provision
\nin this Article II, the Receiver, upon the direction of the Director (or
\ndesignee) of the Federal Deposit Insurance Corporation153s Division of Resolutions
\nand Receiverships, may withhold payment for any amounts included in a Monthly
\nCertificate delivered pursuant to Section 2.1, if in its good faith and
\nreasonable judgment there is a reasonable basis under the requirements of this
\nSingle Family Shared-Loss Agreement for denying the eligibility of an item for
\nwhich reimbursement or payment is sought under such Section. In such event, the
\nReceiver shall provide a written notice to the Assuming Institution detailing
\nthe grounds for withholding such payment. At such time as the Assuming
\nInstitution demonstrates to the satisfaction of the Receiver, in its reasonable
\njudgment, that the grounds for such withholding of payment, or portion of
\npayment, no longer exist or have been cured, then the Receiver shall pay the
\nAssuming Institution the amount withheld which the Receiver determines is
\neligible for payment, within fifteen (15) Business Days.<\/p>\n

2.4 Books and Records<\/u><\/strong>. The Assuming Institution shall
\nat all times during the term of this Single Family Shared-Loss Agreement keep
\nbooks and records sufficient to ensure and document compliance with the terms of
\nthis Single Family Shared-Loss Agreement, including but not limited to (a)
\ndocumentation of alternatives considered with respect to defaulted loans or
\nloans for which default is reasonably foreseeable, (b) documentation showing the
\ncalculation of loss for claims submitted to the Receiver, (c) retention of
\ndocuments that support each line item on the loss claim forms, and (d)
\ndocumentation with respect to the Recovery Amount on loans for which the
\nReceiver has made a loss-share payment<\/p>\n

70<\/p>\n

\n

<\/p>\n

2.5 Information<\/u><\/strong>. The Assuming Institution shall
\npromptly provide to the Receiver such other information, including but not
\nlimited to, financial statements, computations, and bank policies and
\nprocedures, relating to the performance of the provisions of this Single Family
\nShared-Loss Agreement, as the Receiver may reasonably request from time to time.\n<\/p>\n

2.6 Tax Ruling<\/u><\/strong>. The Assuming Institution shall not at
\nany time, without the Receiver153s prior written consent, seek a private letter
\nruling or other determination from the Internal Revenue Service or otherwise
\nseek to qualify for any special tax treatment or benefits associated with any
\npayments made by the Receiver pursuant to this Single Family Shared-Loss
\nAgreement.<\/p>\n

2.7 Loss of Shared-Loss Coverage on Shared-Loss
\nLoans<\/u><\/strong>. The Receiver shall be relieved of its obligations with
\nrespect to a Shared-Loss Loan upon payment of a Foreclosure Loss amount, or a
\nShort Sale Loss amount with respect to such Single Family Shared-Loss Loan, or
\nupon the sale without FDIC consent of a Single Family Shared-Loss Loan by
\nAssuming Institution to a person or entity that is not an Affiliate. The
\nAssuming Institution shall provide the Receiver with timely notice of any such
\nsale. Failure to administer any Shared-Loss Loan or Loans in accordance with
\nArticle III shall at the discretion of the Receiver constitute grounds for the
\nloss of shared loss coverage with respect to such Shared-Loss Loan or Loans.
\nNotwithstanding the foregoing, a sale of the Single Family Shared-Loss Loan, for
\npurposes of this Section 2.7, shall not be deemed to have occurred as the result
\nof (i) any change in the ownership or control of Assuming Institution or the
\ntransfer of any or all of the Single Family Shared-Loss Loan(s) to any Affiliate
\nof Assuming Institution, (ii) a merger by Assuming Institution with or into any
\nother entity, or (iii) a sale by Assuming Institution of all or substantially
\nall of its assets.<\/p>\n

ARTICLE III – RULES REGARDING THE ADMINISTRATION OF
\nSHARED-LOSS LOANS<\/strong><\/p>\n

\n

3.1 Agreement with Respect to Administration<\/u><\/strong>. The
\nAssuming Institution shall (and shall cause any of its Affiliates to which the
\nAssuming Institution transfers any Shared-Loss Loans to) manage, administer, and
\ncollect the Shared-Loss Loans while owned by the Assuming Institution or any
\nAffiliate thereof during the term of this Single Family Shared-Loss Agreement in
\naccordance with the rules set forth in this Article III. The Assuming
\nInstitution shall be responsible to the Receiver in the performance of its
\nduties hereunder and shall provide to the Receiver such reports as the Receiver
\nreasonably deems advisable, including but not limited to the reports required by
\nSections 2.1, 2.2 and 3.3 hereof, and shall permit the Receiver to monitor the
\nAssuming Institution153s performance of its duties hereunder.<\/p>\n

3.2 Duties of the Assuming Institution<\/u><\/strong>.<\/p>\n

(a) In the performance of its duties under this Article III, the Assuming
\nInstitution shall:<\/p>\n

(i) manage and administer each Shared-Loss Loan in accordance with Assuming
\nInstitution153s usual and prudent business and banking practices and Customary
\nServicing Procedures;<\/p>\n

(ii) exercise its best business judgment in managing, administering and
\ncollecting amounts<\/p>\n

71<\/p>\n

\n

<\/p>\n

owed on the Shared-Loss Loans;<\/p>\n

(iii) use commercially reasonable efforts to maximize Recoveries with respect
\nto Losses on Shared-Loss Loans without regard to the effect of maximizing
\ncollections on assets held by the Assuming Institution or any of its Affiliates
\nthat are not Shared-Loss Loans;<\/p>\n

(iv) retain sufficient staff (in Assuming Institution153s discretion) to
\nperform its duties hereunder; and<\/p>\n

(v) other than as provided in Section 2.1(a), comply with the terms of the
\nModification Guidelines for any Single Family Shared-Loss Loans meeting the
\nrequirements set forth therein. For the avoidance of doubt, the Assuming
\nInstitution may propose exceptions to Exhibit 5 (the FDIC Loan Modification
\nProgram) for a group of Loans with similar characteristics, with the objectives
\nof (1) minimizing the loss to the Assuming Institution and the FDIC and (2)
\nmaximizing the opportunity for qualified homeowners to remain in their homes
\nwith affordable mortgage payments.<\/p>\n

(b) Any transaction with or between any Affiliate of the Assuming Institution
\nwith respect to any Shared-Loss Loan including, without limitation, the
\nexecution of any contract pursuant to which any Affiliate of the Assuming
\nInstitution will manage, administer or collect any of the Shared-Loss Loans will
\nbe provided to FDIC for informational purposes and if such transaction is not
\nentered into on an arm153s length basis on commercially reasonable terms such
\ntransaction shall be subject to the prior written approval of the Receiver.<\/p>\n

3.3 Shared-Loss Asset Records and Reports<\/u><\/strong>. The
\nAssuming Institution shall establish and maintain such records as may be
\nappropriate to account for the Single Family Shared-Loss Loans in such form and
\ndetail as the Receiver may reasonably require, and to enable the Assuming
\nInstitution to prepare and deliver to the Receiver such reports as the Receiver
\nmay from time to time request regarding the Single Family Shared-Loss Loans and
\nthe Monthly Certificates required by Section 2.1 of this Single Family
\nShared-Loss Agreement.<\/p>\n

3.4 Related Loans<\/u><\/strong>.<\/p>\n

(a) Assuming Institution shall use its best efforts to determine which loans
\nare “Related Loans,” as hereinafter defined. The Assuming Institution shall not
\nmanage, administer or collect any “Related Loan” in any manner that would have
\nthe effect of increasing the amount of any collections with respect to the
\nRelated Loan to the detriment of the Shared-Loss Loan to which such loan is
\nrelated. A “Related Loan” means any loan or extension of credit to an Obligor of
\na Shared-Loss Loan held by the Assuming Institution at any time on or prior to
\nthe end of the Final Shared-Loss Month.<\/p>\n

(b) The Assuming Institution shall prepare and deliver to the Receiver with
\nthe Monthly Certificates for the calendar months ending June 30 and December 31,
\na schedule of all Related Loans on the Accounting Records of the Assuming
\nInstitution as of the end of each such semi-annual period.<\/p>\n

3.5 Legal Action; Utilization of Special Receivership
\nPowers<\/u><\/strong>. The Assuming Institution shall notify the Receiver in
\nwriting (such notice to be given in accordance with Article V below and to
\ninclude all relevant details) prior to utilizing in any legal action any special
\nlegal<\/p>\n

72<\/p>\n

\n

<\/p>\n

power or right which the Assuming Institution derives as a result of having
\nacquired an asset from the Receiver, and the Assuming Institution shall not
\nutilize any such power unless the Receiver shall have consented in writing to
\nthe proposed usage. The Receiver shall have the right to direct such proposed
\nusage by the Assuming Institution and the Assuming Institution shall comply in
\nall respects with such direction. Upon request of the Receiver, the Assuming
\nInstitution will advise the Receiver as to the status of any such legal action.
\nThe Assuming Institution shall immediately notify the Receiver of any judgment
\nin litigation involving any of the aforesaid special powers or rights.<\/p>\n

3.6 Third Party Servicer<\/u><\/strong>. The Assuming Institution
\nmay perform any of its obligations and\/or exercise any of its rights under this
\nSingle Family Shared-Loss Agreement through or by one or more Third Party
\nServicers, who may take actions and make expenditures as if any such Third Party
\nServicer was the Assuming Institution hereunder (and, for the avoidance of
\ndoubt, such expenses incurred by any such Third Party Servicer on behalf of the
\nAssuming Institution shall be included in calculating Losses to the extent such
\nexpenses would be included in such calculation if the expenses were incurred by
\nAssuming Institution); provided, however, that the use thereof by the Assuming
\nInstitution shall not release the Assuming Institution of any obligation or
\nliability hereunder.<\/p>\n

ARTICLE IV : PORTFOLIO SALE<\/strong><\/p>\n

\n

4.1 Assuming Institution Portfolio Sales of Remaining Shared-Loss
\nLoans<\/u><\/strong>. The Assuming Institution shall have the right, with the
\nconsent of the Receiver, to liquidate for cash consideration, from time to time
\nin one or more transactions, all or a portion of Shared-Loss Loans held by the
\nAssuming Institution at any time prior to the Termination Date (“Portfolio
\nSales”). If the Assuming Institution exercises its option under this Section
\n4.1, it must give sixty (60) days notice in writing to the Receiver setting
\nforth the details and schedule for the Portfolio Sale, which shall be conducted
\nby means of sealed bid sales to third parties, not including any of the Assuming
\nInstitution153s affiliates, contractors, or any affiliates of the Assuming
\nInstitution153s contractors. Sales of Restructured Loans shall be sold in a
\nseparate pool from Shared-Loss Loans that have not been restructured. Other
\nproposals for the sale of a Shared-Loss Loan or Shared-Loss Loans submitted by
\nthe Assuming Institution will be considered by the Receiver on a case-by-case
\nbasis.<\/p>\n

4.2 Assuming Institution153s Liquidation of Remaining Shared-Loss
\nLoans<\/u><\/strong>. In the event that the Assuming Institution does not conduct
\na Portfolio Sale pursuant to Section 4.1, the Receiver shall have the right,
\nexercisable in its sole and absolute discretion, to require the Assuming
\nInstitution to liquidate for cash consideration, any Shared-Loss Loans held by
\nthe Assuming Institution at any time after the date that is six months prior to
\nthe Termination Date. If the Receiver exercises its option under this Section
\n4.2, it must give notice in writing to the Assuming Institution, setting forth
\nthe time period within which the Assuming Institution shall be required to
\nliquidate the Shared-Loss Loans. The Assuming Institution will comply with the
\nReceiver153s notice and must liquidate the Shared-Loss Loans as soon as reasonably
\npracticable by means of sealed bid sales to third parties, not including any of
\nthe Assuming Institution153s affiliates, contractors, or any affiliates of the
\nAssuming Institution153s contractors. The selection of any financial advisor or
\nother third party broker or sales agent retained for the liquidation of the
\nremaining Shared-Loss Loans pursuant to this Section shall be subject to the
\nprior approval of<\/p>\n

73<\/p>\n

\n

<\/p>\n

the Receiver, such approval not to be unreasonably withheld, delayed or
\nconditioned.<\/p>\n

4.3 Calculation of Sale Gain or Loss<\/u><\/strong>. For Shared-Loss
\nLoans that are not Restructured Loans, gain or loss on the sales under Section
\n4.1 or Section 4.2 will be calculated as the sale price received by the Assuming
\nInstitution less the unpaid principal balance of the remaining Shared-Loss
\nLoans. For any Restructured Loan included in the sale gain or loss on sale will
\nbe calculated as (a) the sale price received by the Assuming Institution less
\n(b) the net present value of estimated cash flows on the Restructured Loan that
\nwas used in the calculation of the related Restructuring Loss plus (c) Loan
\nprincipal payments collected by the Assuming Institution from the date the Loan
\nwas restructured to the date of sale. (See Exhibits 2d(1)-(2) for example
\ncalculations).<\/p>\n

ARTICLE V : LOSS-SHARING NOTICES GIVEN TO RECEIVER AND
\nPURCHASER<\/strong><\/p>\n

\n

All notices, demands and other communications hereunder shall be in writing
\nand shall be delivered by hand, or overnight courier, receipt requested,
\naddressed to the parties as follows:<\/p>\n

If to Receiver, to: Federal Deposit Insurance Corporation as Receiver for
\nFrontier Bank
\nDivision of Resolutions and Receiverships
\n550 17th Street, N.W.
\nWashington, D.C. 20429
\nAttention: Ralph Malami, Manager, Capital Markets<\/p>\n

with a copy to: Federal Deposit Insurance Corporation as Receiver for
\nFrontier Bank
\nRoom E7056
\n3501 Fairfax Drive, Arlington, VA 2226
\nAttn: Special Issues Unit<\/p>\n

With respect to a notice under Section 3.5 of this Single Family Shared-Loss
\nAgreement, copies of such notice shall be sent to:<\/p>\n

Federal Deposit Insurance Corporation
\nLegal Division 40 Pacifica, Irvine, CA 92618
\nAttention: Managing Counsel<\/p>\n

If to Assuming Institution, to:<\/p>\n

UNION BANK, N.A.<\/p>\n

400 California Street<\/p>\n

San Francisco, California 94104<\/p>\n

Attention: John F. Woods, Vice Chairman & Chief Financial Officer<\/p>\n

Copy to: Jon Nakamura, VP & Compliance Counsel<\/p>\n

74<\/p>\n

\n

<\/p>\n

Such Persons and addresses may be changed from time to time by notice given
\npursuant to the provisions of this Article V. Any notice, demand or other
\ncommunication delivered pursuant to the provisions of this Article V shall be
\ndeemed to have been given on the date actually received.<\/p>\n

ARTICLE VI : MISCELLANEOUS<\/strong><\/p>\n

\n

6.1. Expenses<\/u>.<\/strong> Except as otherwise expressly provided
\nherein, all costs and expenses incurred by or on behalf of a party hereto in
\nconnection with this Single Family Shared-Loss Agreement shall be borne by such
\nparty whether or not the transactions contemplated herein shall be consummated.\n<\/p>\n

6.2 Successors and Assigns; Specific Performance<\/u>.<\/strong>
\nThis Single Family Shared-Loss Agreement, and all of the terms and provisions
\nhereof shall be binding upon and shall inure to the benefit of the parties
\nhereto and their respective permitted successors and assigns only. The Receiver
\nmay assign or otherwise transfer this Single Family Shared-Loss Agreement and
\nthe rights and obligations of the Receiver hereunder (in whole or in part) to
\nthe Federal Deposit Insurance Corporation in its corporate capacity without the
\nconsent of Assuming Institution. Notwithstanding anything to the contrary
\ncontained in this Single Family Shared-Loss Agreement, except as is expressly
\npermitted in this Section 6.2, the Assuming Institution may not assign or
\notherwise transfer this Single Family Shared-Loss Agreement or any of the
\nAssuming Institution153s rights or obligations hereunder (in whole or in part), or
\nsell or transfer of any subsidiary of the Assuming Institution holding title to
\nShared-Loss Assets or Shared-Loss Securities, without the prior written consent
\nof the Receiver, which consent may be granted or withheld by the Receiver in its
\nsole and absolute discretion. An assignment or transfer of this Single Family
\nShared-Loss Agreement includes:<\/p>\n

(i) a merger or consolidation of the Assuming Institution with or into
\nanother company, if the shareholders of the Assuming Institution will own less
\nthan sixty-six and two\/thirds percent (66.66 %) of the equity of the
\nconsolidated entity;<\/p>\n

(ii) a merger or consolidation of the Assuming Institution153s Holding Company
\nwith or into another company, if the shareholders of the Holding Company will
\nown less than sixty-six and two\/thirds percent (66.66 %) of the equity of the
\nconsolidated entity;<\/p>\n

(iii) the sale of all or substantially all of the assets of the Assuming
\nInstitution to another company or person; or<\/p>\n

(iv) a sale of shares by any one or more shareholders that will effect a
\nchange in control of the Assuming Institution, as determined by the Receiver
\nwith reference to the standards set forth in the Change in Bank Control Act, 12
\nU.S.C. 1817(j).<\/p>\n

For the avoidance of doubt, any transaction under this Section 6.2 that
\nrequires the Receiver153s consent that is made without consent of the Receiver
\nhereunder will relieve the Receiver of any of its obligations under this Single
\nFamily Shared-Loss Agreement.<\/p>\n

75<\/p>\n

\n

<\/p>\n

No Loss shall be recognized under this Single Family Shared-Loss Agreement as
\na result of any accounting adjustments that are made due to or as a result of
\nany assignment or transfer of this Single Family Shared-Loss Agreement or any
\nmerger, consolidation, sale or other transaction to which the Assuming
\nInstitution, its Holding Company or any Affiliate is a party, regardless of
\nwhether the Receiver consents to such assignment or transfer in connection with
\nsuch transaction pursuant to this Section 6.2.<\/p>\n

6.3 WAIVER OF JURY TRIAL<\/u><\/strong>. EACH PARTY HERETO HEREBY
\nIRREVOCABLY AND UNCONDITIONALLY WAIVES ALL RIGHT TO TRIAL BY JURY IN OR TO HAVE
\nA JURY PARTICIPATE IN RESOLVING ANY DISPUTE, ACTION, PROCEEDING OR COUNTERCLAIM,
\nWHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, ARISING OUT OF OR RELATING TO
\nOR IN CONNECTION WITH THIS SINGLE FAMILY SHARED-LOSS AGREEMENT OR ANY OF THE
\nTRANSACTIONS CONTEMPLATED HEREBY.<\/p>\n

6.4 No Third Party Beneficiary<\/u><\/strong>. This Single Family
\nShared-Loss Agreement and the Exhibits hereto are for the sole and exclusive
\nbenefit of the parties hereto and their respective permitted successors and
\npermitted assigns and there shall be no other third party beneficiaries, and
\nnothing in this Single Family Shared-Loss Agreement or the Exhibits shall be
\nconstrued to grant to any other Person any right, remedy or Claim under or in
\nrespect of this Single Family Shared-Loss Agreement or any provision hereof.\n<\/p>\n

6.5 Consent<\/u><\/strong>. Except as otherwise provided herein,
\nwhen the consent of a party is required herein, such consent shall not be
\nunreasonably withheld or delayed.<\/p>\n

6.6 Rights Cumulative<\/u><\/strong>. Except as otherwise expressly
\nprovided herein, the rights of each of the parties under this Single Family
\nShared-Loss Agreement are cumulative, may be exercised as often as any party
\nconsiders appropriate and are in addition to each such party153s rights under the
\nPurchase and Sale Agreement and any of the related agreements or under law.
\nExcept as otherwise expressly provided herein, any failure to exercise or any
\ndelay in exercising any of such rights, or any partial or defective exercise of
\nsuch rights, shall not operate as a waiver or variation of that or any other
\nsuch right.<\/p>\n

ARTICLE VII
\nDISPUTE RESOLUTION<\/strong><\/p>\n

\n

7.1 Dispute Resolution Procedures<\/u>.<\/strong><\/p>\n

(a) In the event a dispute arises about the interpretation, application,
\ncalculation of Loss, or calculation of payments or otherwise with respect to
\nthis Single Family Shared-Loss Agreement (“SF Shared-Loss Dispute Item”), then
\nthe Receiver and the Assuming Institution shall make every attempt in good faith
\nto resolve such items within sixty (60) days following the receipt of a written
\ndescription of the SF Shared-Loss Dispute Item, with notification of the
\npossibility of taking the matter to arbitration (the date on which such 60-day
\nperiod expires, or any extension of such period as the parties hereto may
\nmutually agree to in writing, herein called the “Resolution Deadline Date”). If
\nthe Receiver and the Assuming Institution resolve all such<\/p>\n

76<\/p>\n

\n

<\/p>\n

items to their mutual satisfaction by the Resolution Deadline Date, then
\nwithin thirty (30) days following such resolution, any payment due as a result
\nof such resolution shall be made arising from the settlement of the SF
\nShared-Loss Dispute.<\/p>\n

(b) If the Receiver and the Assuming Institution fail to resolve any
\noutstanding SF Shared-Loss Dispute Items by the Resolution Deadline Date, then
\neither party may notify the other of its intent to submit the SF Shared-Loss
\nDispute Item to arbitration pursuant to the provisions of this Article VII.
\nFailure of either party to submit pursuant to paragraph (c) hereof any
\nunresolved SF Shared-Loss Dispute Item to arbitration within thirty (30) days
\nfollowing the Resolution Deadline Date (the date on which such thirty (30) day
\nperiod expires is herein called the “Arbitration Deadline Date”) shall
\nextinguish that party153s right to submit the non-submitted SF Shared-Loss Dispute
\nItem to arbitration, and constitute a waiver of the submitting party153s right to
\ndispute such non-submitted SF Shared-Loss Dispute Item (but not a waiver of any
\nsimilar claim which may arise in the future).<\/p>\n

(c) If a SF Shared-Loss Dispute Item is submitted to arbitration, it shall be
\ngoverned by the rules of the American Arbitration Association (the “AAA”),
\nexcept as otherwise provided herein. Either party may submit a matter for
\narbitration by delivering a notice, prior to the Arbitration Deadline Date, to
\nthe other party in writing setting forth:<\/p>\n

(i) A brief description of each SF Shared-Loss Dispute Item submitted for
\narbitration;<\/p>\n

(ii) A statement of the moving party153s position with respect to each SF
\nShared-Loss Dispute Item submitted for arbitration;<\/p>\n

(iii) The value sought by the moving party, or other relief requested
\nregarding each SF Shared-Loss Dispute Item submitted for arbitration, to the
\nextent reasonably calculable; and<\/p>\n

(iv) The name and address of the arbiter selected by the moving party (the
\n“Moving Arbiter”), who shall be a neutral, as determined by the AAA.<\/p>\n

Failure to adequately include any information above shall not be deemed to be
\na waiver of the parties right to arbitrate so long as after notification of such
\nfailure the moving party cures such failure as promptly as reasonably
\npracticable.<\/p>\n

(d) The non-moving party shall, within thirty (30) days following receipt of
\na notice of arbitration pursuant to this Section 7.1, deliver a notice to the
\nmoving party setting forth:<\/p>\n

(i) The name and address of the arbiter selected by the non-moving party (the
\n“Respondent Arbiter”), who shall be a neutral, as determined by the AAA;<\/p>\n

(ii) A statement of the position of the respondent with respect to each
\nDispute Item; and<\/p>\n

(iii) The ultimate resolution sought by the respondent or other relief, if
\nany, the respondent deems is due the moving party with respect to each SF
\nShared-Loss Dispute Item.<\/p>\n

Failure to adequately include any information above shall not be deemed to be
\na waiver of the non-moving party153s right to defend such arbitration so long as
\nafter notification of<\/p>\n

77<\/p>\n

\n

<\/p>\n

such failure the non-moving party cures such failure as promptly as
\nreasonably practicable<\/p>\n

(e) The Moving Arbiter and Respondent Arbiter shall select a third arbiter
\nfrom a list furnished by the AAA. In accordance with the rules of the AAA, the
\nthree (3) arbiters shall constitute the arbitration panel for resolution of each
\nSF Loss-Share Dispute Item. The concurrence of any two (2) arbiters shall be
\ndeemed to be the decision of the arbiters for all purposes hereunder. The
\narbitration shall proceed on such time schedule and in accordance with the Rules
\nof Commercial Arbitration of the AAA then in effect, as modified by this Section
\n7.1. The arbitration proceedings shall take place at such location as the
\nparties thereto may mutually agree, but if they cannot agree, then they will
\ntake place at the offices of the Corporation in Washington, DC, or Arlington,
\nVirginia.<\/p>\n

(f) The Receiver and Assuming Institution shall facilitate the resolution of
\neach outstanding SF Shared-Loss Dispute Item by making available in a prompt and
\ntimely manner to one another and to the arbiters for examination and copying, as
\nappropriate, all documents, books, and records under their respective control
\nand that would be discoverable under the Federal Rules of Civil Procedure.<\/p>\n

(g) The arbiters designated pursuant to subsections (c), (d) and (e) hereof
\nshall select, with respect to each Dispute Item submitted to arbitration
\npursuant to this Section 7.1, either (i) the position and relief submitted by
\nthe Assuming Institution with respect to each SF Shared-Loss Dispute Item, or
\n(ii) the position and relief submitted by the Receiver with respect to each SF
\nShared-Loss Dispute Item, in either case as set forth in its respective notice
\nof arbitration. The arbiters shall have no authority to select a value for each
\nDispute Item other than the determination set forth in Section 7.1(c) and
\nSection 7.1(d). The arbitration shall be final, binding and conclusive on the
\nparties.<\/p>\n

(h) Any amounts ultimately determined to be payable pursuant to such award
\nshall bear interest at the Settlement Interest Rate from and including the date
\nspecified for the arbiters decisions specified in this Section 7.1, without
\nregard to any extension of the finality of such award, to but not including the
\ndate paid. All payments required to be made under this Section 7.1 shall be made
\nby wire transfer.<\/p>\n

(i) For the avoidance of doubt, to the extent any notice of a SF Shared-Loss
\nDispute Item(s) is provided prior to the Termination Date, the terms of this
\nSingle Family Shared-Loss Agreement shall remain in effect with respect to the
\nSingle Family Shared-Loss Loans that are the subject of such SF Shared-Loss
\nDispute Item(s) until such time as any such dispute is finally resolved.<\/p>\n

7.2 Fees and Expenses of Arbiters<\/u>.<\/strong> The aggregate fees
\nand expenses of the arbiters shall be borne equally by the parties. The parties
\nshall pay the aggregate fees and expenses within thirty (30) days after receipt
\nof the written decision of the arbiters (unless the arbiters agree in writing on
\nsome other payment schedule).<\/p>\n

Exhibit 1<\/p>\n

Monthly Certificate<\/strong><\/p>\n

\n

78<\/p>\n

\n

<\/p>\n

SEE FOLLOWING PAGE<\/strong><\/p>\n

\n

79<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n
<\/p>\n

CERTIFICATE<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

MONTHLY SUMMARY<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

FOR SINGLE FAMILY ASSETS<\/strong><\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
\n

FDIC – RECEIVER FOR XXXXXXX BANK<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

PURCHASE AND ASSUMPTION AGREEMENT DATED: Jan 1,
\n2009<\/strong><\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n
\n

Shared-Loss Period Ended:<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

(Dollars)<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Calculation of Amount Due from (to) FDIC<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

FDIC % Share<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

0%<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

80%<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n\n

Total<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Carry forward from other types of assets:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

1. Cumulative losses from single family pool<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

2. Cumulative losses from securities<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

3. Cumulative loss from commercial and other pool<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

4. Total cumulative losses at beg of period<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

5. Covered single family losses (gains) during period<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

6. Cumulative loss at end of period<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

FDIC % Share<\/p>\n<\/td>\n

<\/td>\n\n

x 0<\/p>\n<\/td>\n

\n

%<\/p>\n<\/td>\n

\n

x 80<\/p>\n<\/td>\n

\n

%<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

7. Amount Due from (to) FDIC<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

\n

+<\/p>\n<\/td>\n

\n

0<\/p>\n<\/td>\n

\n

+<\/p>\n<\/td>\n

<\/td>\n\n

=<\/p>\n<\/td>\n

<\/td>\n\n

–<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

Memo: threshold for recovery percentage<\/em><\/p>\n<\/td>\n

<\/td>\n\n

0<\/em><\/p>\n<\/td>\n

<\/td>\n\n

0<\/em><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Preparer name:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n\n

Preparer signature<\/p>\n<\/td>\n<\/tr>\n

\n

Preparer title:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Officer name:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n\n

Officer signature<\/p>\n<\/td>\n<\/tr>\n

\n

Officer title:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Date:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

1<\/p>\n

\n

<\/p>\n

XXXXXXXXX<\/u><\/strong> Bank<\/strong><\/p>\n

FIN No.<\/strong><\/p>\n\n\n\n\n
\n

Schedule 4.15B<\/strong><\/p>\n<\/td>\n

\n

Date:<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Non-Single Family Shared-Loss Agreement<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n\n
<\/td>\n<\/td>\n\n

Proforma Net Balance*<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

Unfunded<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Schedule 4.15B as provided<\/p>\n<\/td>\n

<\/td>\n\n

$<\/p>\n<\/td>\n

\n

:<\/p>\n<\/td>\n

<\/td>\n\n

$<\/p>\n<\/td>\n

\n

:<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Loan<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

Explanation<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Number<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

Name<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

Net Balance<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

Unfunded<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

(Loan Description)<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Add the following loans currently included in Schedule 4.15A Non-Single
\nFamily Shared-Loss Agreement:<\/u><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\n

Subtotal<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Subtract the following loans currently included in Schedule 4.15B Single
\nFamily Shared-Loss Agreement:<\/u><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\n

Subtotal<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Add the following loan not included in either Schedule 4.15A or 4.15B
\nAsset Detail (Must provide documentation)<\/u><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\n

Subtotal<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Add the following Unfunded Commitments (Must provide documentation)<\/u>\n<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\n

Subtotal<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\n

Total Adjustments<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

:<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

:<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Schedule 4.15B Revised Totals<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

$<\/strong><\/p>\n<\/td>\n

\n

:<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

$<\/strong><\/p>\n<\/td>\n

\n

:<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n

Note: Total adjustments should also be reflected in the Certificate filing
\nfor the quarter this form is submitted.<\/p>\n

* Net Balance agrees with amount noted on Schedule 4.15A Single Family
\nShared-Loss Agreement, or Revised Totals if this form has already been submitted
\npreviously.<\/p>\n

81<\/p>\n

\n

<\/p>\n

XXXXXXXXX<\/u><\/strong> Bank<\/strong><\/p>\n

FIN No.<\/strong><\/p>\n\n\n\n\n
\n

Schedule 4.15A<\/strong><\/p>\n<\/td>\n

\n

Date:<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Single Family Shared-Loss Agreement<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n\n
<\/td>\n<\/td>\n\n

Proforma Net Balance*<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

Unfunded<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Schedule 4.15A as provided<\/p>\n<\/td>\n

<\/td>\n\n

$<\/p>\n<\/td>\n

\n

:<\/p>\n<\/td>\n

<\/td>\n\n

$<\/p>\n<\/td>\n

\n

:<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Loan<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

Explanation<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Number<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

Name<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

Net Balance<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

Unfunded<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

(Loan Description)<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Add the following loans currently included in Schedule 4.15B Non-Single
\nFamily Shared-Loss Agreement:<\/u><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\n

Subtotal<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Subtract the following loans currently included in Schedule 4.15A Single
\nFamily Shared-Loss Agreement:<\/u><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\n

Subtotal<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Add the following loan not included in either Schedule 4.15A or 4.15B
\nAsset Detail (Must provide documentation)<\/u><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\n

Subtotal<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Add the following Unfunded Commitments (Must provide documentation)<\/u>\n<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\n

Subtotal<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n\n

:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\n

Total Adjustments<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

:<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

:<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Schedule 4.15A Revised Totals<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

$<\/strong><\/p>\n<\/td>\n

\n

:<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

$<\/strong><\/p>\n<\/td>\n

\n

:<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

82<\/p>\n

\n

<\/p>\n

Exhibit 2.1(c)<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

1<\/p>\n<\/td>\n

\n

Shared-Loss Month<\/p>\n<\/td>\n<\/tr>\n

\n

2<\/p>\n<\/td>\n

\n

Loan ID<\/p>\n<\/td>\n<\/tr>\n

\n

3<\/p>\n<\/td>\n

\n

First payment date<\/p>\n<\/td>\n<\/tr>\n

\n

4<\/p>\n<\/td>\n

\n

Property type<\/p>\n<\/td>\n<\/tr>\n

\n

5<\/p>\n<\/td>\n

\n

Lien<\/p>\n<\/td>\n<\/tr>\n

\n

6<\/p>\n<\/td>\n

\n

Original loan amount<\/p>\n<\/td>\n<\/tr>\n

\n

7<\/p>\n<\/td>\n

\n

Documentation<\/p>\n<\/td>\n<\/tr>\n

\n

8<\/p>\n<\/td>\n

\n

Original FICO<\/p>\n<\/td>\n<\/tr>\n

\n

9<\/p>\n<\/td>\n

\n

Original LTV<\/p>\n<\/td>\n<\/tr>\n

\n

10<\/p>\n<\/td>\n

\n

Original combined LTV<\/p>\n<\/td>\n<\/tr>\n

\n

11<\/p>\n<\/td>\n

\n

Original front-end DTI<\/p>\n<\/td>\n<\/tr>\n

\n

12<\/p>\n<\/td>\n

\n

Original back-end DTI<\/p>\n<\/td>\n<\/tr>\n

\n

13<\/p>\n<\/td>\n

\n

Negative Amortization cap<\/p>\n<\/td>\n<\/tr>\n

\n

14<\/p>\n<\/td>\n

\n

Property city<\/p>\n<\/td>\n<\/tr>\n

\n

15<\/p>\n<\/td>\n

\n

Property state<\/p>\n<\/td>\n<\/tr>\n

\n

16<\/p>\n<\/td>\n

\n

Property street address<\/p>\n<\/td>\n<\/tr>\n

\n

17<\/p>\n<\/td>\n

\n

Property zip<\/p>\n<\/td>\n<\/tr>\n

\n

18<\/p>\n<\/td>\n

\n

Maturity date<\/p>\n<\/td>\n<\/tr>\n

\n

19<\/p>\n<\/td>\n

\n

MI Coverage<\/p>\n<\/td>\n<\/tr>\n

\n

20<\/p>\n<\/td>\n

\n

Occupancy<\/p>\n<\/td>\n<\/tr>\n

\n

21<\/p>\n<\/td>\n

\n

Interest rate type<\/p>\n<\/td>\n<\/tr>\n

\n

22<\/p>\n<\/td>\n

\n

Product Type<\/p>\n<\/td>\n<\/tr>\n

\n

23<\/p>\n<\/td>\n

\n

Loan amortization type<\/p>\n<\/td>\n<\/tr>\n

\n

24<\/p>\n<\/td>\n

\n

Lookback<\/p>\n<\/td>\n<\/tr>\n

\n

25<\/p>\n<\/td>\n

\n

Margin<\/p>\n<\/td>\n<\/tr>\n

\n

26<\/p>\n<\/td>\n

\n

Interest rate index<\/p>\n<\/td>\n<\/tr>\n

\n

27<\/p>\n<\/td>\n

\n

Interest rate cap<\/p>\n<\/td>\n<\/tr>\n

\n

28<\/p>\n<\/td>\n

\n

Interest rate floor<\/p>\n<\/td>\n<\/tr>\n

\n

29<\/p>\n<\/td>\n

\n

First interest cap<\/p>\n<\/td>\n<\/tr>\n

\n

30<\/p>\n<\/td>\n

\n

Periodic interest cap<\/p>\n<\/td>\n<\/tr>\n

\n

31<\/p>\n<\/td>\n

\n

Periodic interest floor<\/p>\n<\/td>\n<\/tr>\n

\n

32<\/p>\n<\/td>\n

\n

Pay Cap<\/p>\n<\/td>\n<\/tr>\n

\n

33<\/p>\n<\/td>\n

\n

UPB<\/p>\n<\/td>\n<\/tr>\n

\n

34<\/p>\n<\/td>\n

\n

Interest rate<\/p>\n<\/td>\n<\/tr>\n

\n

35<\/p>\n<\/td>\n

\n

Paid-to date<\/p>\n<\/td>\n<\/tr>\n

\n

36<\/p>\n<\/td>\n

\n

Next payment due date<\/p>\n<\/td>\n<\/tr>\n

\n

37<\/p>\n<\/td>\n

\n

Scheduled payment<\/p>\n<\/td>\n<\/tr>\n

\n

38<\/p>\n<\/td>\n

\n

Escrow payment<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

83<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/p>\n

39<\/p>\n<\/td>\n

\n

Escrow balance<\/p>\n<\/td>\n<\/tr>\n

\n

40<\/p>\n<\/td>\n

\n

Next interest rate reset date<\/p>\n<\/td>\n<\/tr>\n

\n

41<\/p>\n<\/td>\n

\n

Next payment reset date<\/p>\n<\/td>\n<\/tr>\n

\n

42<\/p>\n<\/td>\n

\n

Rate reset period<\/p>\n<\/td>\n<\/tr>\n

\n

43<\/p>\n<\/td>\n

\n

Payment reset period<\/p>\n<\/td>\n<\/tr>\n

\n

44<\/p>\n<\/td>\n

\n

Payment History<\/p>\n<\/td>\n<\/tr>\n

\n

45<\/p>\n<\/td>\n

\n

Exceptional Loan Status<\/p>\n<\/td>\n<\/tr>\n

\n

46<\/p>\n<\/td>\n

\n

Valuation date<\/p>\n<\/td>\n<\/tr>\n

\n

47<\/p>\n<\/td>\n

\n

Valuation amount<\/p>\n<\/td>\n<\/tr>\n

\n

48<\/p>\n<\/td>\n

\n

Valuation type<\/p>\n<\/td>\n<\/tr>\n

\n

49<\/p>\n<\/td>\n

\n

Household income<\/p>\n<\/td>\n<\/tr>\n

\n

50<\/p>\n<\/td>\n

\n

Current FICO<\/p>\n<\/td>\n<\/tr>\n

\n

51<\/p>\n<\/td>\n

\n

Maximum Draw Amount<\/p>\n<\/td>\n<\/tr>\n

\n

52<\/p>\n<\/td>\n

\n

Draw period<\/p>\n<\/td>\n<\/tr>\n

\n

53<\/p>\n<\/td>\n

\n

Superior Lien Balance<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

84<\/p>\n

\n

<\/p>\n<\/p>\n

Exhibit 2a (1)<\/strong><\/p>\n

CALCULATION OF RESTRUCTURING LOSS – HAMP or FDIC
\nLOAN<\/strong><\/p>\n

MODIFICATION<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

1<\/p>\n<\/td>\n

\n

Shared-Loss Month<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

20090531<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

2<\/p>\n<\/td>\n

\n

Loan no:<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

123456<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

3<\/p>\n<\/td>\n

\n

Modification Program:<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

HAMP<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Loan before Restructuring<\/u><\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

4<\/p>\n<\/td>\n

\n

Unpaid principal balance<\/p>\n<\/td>\n

<\/td>\n\n

450000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

5<\/p>\n<\/td>\n

\n

Remaining term<\/p>\n<\/td>\n

<\/td>\n\n

298<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

6<\/p>\n<\/td>\n

\n

Interest rate<\/p>\n<\/td>\n

<\/td>\n\n

0.06500<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

7<\/p>\n<\/td>\n

\n

Next ARM reset rate (if within next 4 months)<\/p>\n<\/td>\n

<\/td>\n\n

0.00000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

8<\/p>\n<\/td>\n

\n

Interest Paid-To-Date<\/p>\n<\/td>\n

<\/td>\n\n

20081230<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

9<\/p>\n<\/td>\n

\n

Delinquency Status<\/p>\n<\/td>\n

<\/td>\n\n

FC<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

10<\/p>\n<\/td>\n

\n

Monthly payment – P&I<\/p>\n<\/td>\n

<\/td>\n\n

3047<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

11<\/p>\n<\/td>\n

\n

Monthly payment – T&I<\/p>\n<\/td>\n

<\/td>\n\n

1000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

Total monthly payment<\/p>\n<\/td>\n

<\/td>\n\n

4047<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

12<\/p>\n<\/td>\n

\n

Household current annual income<\/p>\n<\/td>\n

<\/td>\n\n

95000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

13<\/p>\n<\/td>\n

\n

Valuation Date<\/p>\n<\/td>\n

<\/td>\n\n

20090121<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

14<\/p>\n<\/td>\n

\n

Valuation Amount<\/p>\n<\/td>\n

<\/td>\n\n

425000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

15<\/p>\n<\/td>\n

\n

Valuation Type (Interior\/exterior appraisal, BPO, AVM, etc)<\/p>\n<\/td>\n

<\/td>\n\n

AVM<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Terms of Modified\/Restructured Loan<\/u><\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

16<\/p>\n<\/td>\n

\n

1st Trial Payment Due Date<\/p>\n<\/td>\n

<\/td>\n\n

20090119<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

17<\/p>\n<\/td>\n

\n

Modification Effective Date<\/p>\n<\/td>\n

<\/td>\n\n

20090419<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

18<\/p>\n<\/td>\n

\n

Net Unpaid Principal Balance (net of forbearance & principal reduction)\n<\/p>\n<\/td>\n

<\/td>\n\n

467188<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

19<\/p>\n<\/td>\n

\n

Principal forbearance<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

20<\/p>\n<\/td>\n

\n

Principal reduction<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

21<\/p>\n<\/td>\n

\n

Product (fixed or step)<\/p>\n<\/td>\n

<\/td>\n\n

step<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

22<\/p>\n<\/td>\n

\n

Remaining amortization term<\/p>\n<\/td>\n

<\/td>\n\n

480<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

23<\/p>\n<\/td>\n

\n

Maturity date<\/p>\n<\/td>\n

<\/td>\n\n

20490119<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

24<\/p>\n<\/td>\n

\n

Interest rate<\/p>\n<\/td>\n

<\/td>\n\n

0.02159<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

25<\/p>\n<\/td>\n

\n

Next Payment due date<\/p>\n<\/td>\n

<\/td>\n\n

20090601<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

26<\/p>\n<\/td>\n

\n

Monthly payment – P&I<\/p>\n<\/td>\n

<\/td>\n\n

1454<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

27<\/p>\n<\/td>\n

\n

Monthly payment – T&I<\/p>\n<\/td>\n

<\/td>\n\n

1000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

Total monthly payment<\/p>\n<\/td>\n

<\/td>\n\n

2454<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

28<\/p>\n<\/td>\n

\n

Next reset date<\/p>\n<\/td>\n

<\/td>\n\n

20140501<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

29<\/p>\n<\/td>\n

\n

Interest rate change per adjustment<\/p>\n<\/td>\n

<\/td>\n\n

0.01000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

30<\/p>\n<\/td>\n

\n

Lifetime interest rate cap<\/p>\n<\/td>\n

<\/td>\n\n

0.05530<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

31<\/p>\n<\/td>\n

\n

Back end DTI<\/p>\n<\/td>\n

<\/td>\n\n

0.45000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Restructuring Loss Calculation<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

same as Unpaid Principal Balance before<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

4 above restructuring\/modification<\/p>\n<\/td>\n

<\/td>\n\n

450000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

34<\/p>\n<\/td>\n

\n

Accrued interest, limited to 90 days<\/p>\n<\/td>\n

<\/td>\n\n

7313<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

35<\/p>\n<\/td>\n

\n

Attorney153s fees<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

36<\/p>\n<\/td>\n

\n

Foreclosure costs, including title search, filing fees, advertising, etc.\n<\/p>\n<\/td>\n

<\/td>\n\n

500<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

37<\/p>\n<\/td>\n

\n

Property protection costs, maint. and repairs<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

38<\/p>\n<\/td>\n

\n

Tax and insurance advances<\/p>\n<\/td>\n

<\/td>\n\n

2500<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

Other Advances<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

39<\/p>\n<\/td>\n

\n

Appraisal\/Broker153s Price Opinion fees<\/p>\n<\/td>\n

<\/td>\n\n

100<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

40<\/p>\n<\/td>\n

\n

Inspections<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

41<\/p>\n<\/td>\n

\n

Other<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

Total loan balance due before restructuring<\/p>\n<\/td>\n

<\/td>\n\n

460413<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Cash Recoveries<\/u><\/strong>:<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

42<\/p>\n<\/td>\n

\n

MI contribution<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

43<\/p>\n<\/td>\n

\n

Other credits<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

44<\/p>\n<\/td>\n

\n

T & I escrow account balances, if positive<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Total Cash Recovery<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Assumptions for Calculating Loss Share Amount, Restructured
\nLoan:<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

45<\/p>\n<\/td>\n

\n

Discount rate for projected cash flows<\/p>\n<\/td>\n

<\/td>\n\n

0.05530<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

46<\/p>\n<\/td>\n

\n

Loan prepayment in full<\/p>\n<\/td>\n

<\/td>\n\n

120<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

47<\/p>\n<\/td>\n

\n

NPV of projected cash flows (see amort schd1)<\/p>\n<\/td>\n

<\/td>\n\n

386927<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

48<\/p>\n<\/td>\n

\n

Gain\/Loss Amount<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

73485<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Line item definitions can be found in SFR Data Submission Handbook.<\/p>\n

85<\/p>\n

\n

<\/p>\n

Exhibit 2a(2)<\/p>\n

CALCULATION OF RESTRUCTURING LOSS – 2nd FDIC
\nMODIFICATION<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

1<\/p>\n<\/td>\n

\n

Shared-Loss Month<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

20090531<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

2<\/p>\n<\/td>\n

\n

Loan no:<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

123456<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

3<\/p>\n<\/td>\n

\n

Modification Program:<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

FDIC<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Loan before Restructuring<\/u><\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

4<\/p>\n<\/td>\n

\n

Unpaid principal balance<\/p>\n<\/td>\n

<\/td>\n\n

450000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

5<\/p>\n<\/td>\n

\n

Remaining term<\/p>\n<\/td>\n

<\/td>\n\n

298<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

6<\/p>\n<\/td>\n

\n

Interest rate<\/p>\n<\/td>\n

<\/td>\n\n

0.06500<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

7<\/p>\n<\/td>\n

\n

Next ARM reset rate (if within next 4 months)<\/p>\n<\/td>\n

<\/td>\n\n

0.00000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

8<\/p>\n<\/td>\n

\n

Interest Paid-To-Date<\/p>\n<\/td>\n

<\/td>\n\n

20081230<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

9<\/p>\n<\/td>\n

\n

Delinquency Status<\/p>\n<\/td>\n

<\/td>\n\n

FC<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

10<\/p>\n<\/td>\n

\n

Monthly payment – P&I<\/p>\n<\/td>\n

<\/td>\n\n

3047<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

11<\/p>\n<\/td>\n

\n

Monthly payment – T&I<\/p>\n<\/td>\n

<\/td>\n\n

1000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

Total monthly payment<\/p>\n<\/td>\n

<\/td>\n\n

4047<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

12<\/p>\n<\/td>\n

\n

Household current annual income<\/p>\n<\/td>\n

<\/td>\n\n

95000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

13<\/p>\n<\/td>\n

\n

Valuation Date<\/p>\n<\/td>\n

<\/td>\n\n

20090121<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

14<\/p>\n<\/td>\n

\n

Valuation Amount<\/p>\n<\/td>\n

<\/td>\n\n

425000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

15<\/p>\n<\/td>\n

\n

Valuation Type (Interior\/exterior appraisal, BPO, AVM, etc)<\/p>\n<\/td>\n

<\/td>\n\n

AVM<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Terms of Modified\/Restructured Loan<\/u><\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

16<\/p>\n<\/td>\n

\n

1st Trial Payment Due Date<\/p>\n<\/td>\n

<\/td>\n\n

20090201<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

17<\/p>\n<\/td>\n

\n

Modification Effective Date<\/p>\n<\/td>\n

<\/td>\n\n

20090501<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

18<\/p>\n<\/td>\n

\n

Net Principal balance (net of forbearance & principal reduction)<\/p>\n<\/td>\n

<\/td>\n\n

467188<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

19<\/p>\n<\/td>\n

\n

Principal forbearance<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

20<\/p>\n<\/td>\n

\n

Principal reduction<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

21<\/p>\n<\/td>\n

\n

Product (fixed or step)<\/p>\n<\/td>\n

<\/td>\n\n

step<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

22<\/p>\n<\/td>\n

\n

Remaining amortization term<\/p>\n<\/td>\n

<\/td>\n\n

480<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

23<\/p>\n<\/td>\n

\n

Maturity date<\/p>\n<\/td>\n

<\/td>\n\n

20490501<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

24<\/p>\n<\/td>\n

\n

Interest rate<\/p>\n<\/td>\n

<\/td>\n\n

0.02159<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

25<\/p>\n<\/td>\n

\n

Next Payment due date<\/p>\n<\/td>\n

<\/td>\n\n

20090601<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

26<\/p>\n<\/td>\n

\n

Monthly payment – P&I<\/p>\n<\/td>\n

<\/td>\n\n

1454<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

27<\/p>\n<\/td>\n

\n

Monthly payment – T&I<\/p>\n<\/td>\n

<\/td>\n\n

1000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

Total monthly payment<\/p>\n<\/td>\n

<\/td>\n\n

2454<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

28<\/p>\n<\/td>\n

\n

Next reset date<\/p>\n<\/td>\n

<\/td>\n\n

20140501<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

29<\/p>\n<\/td>\n

\n

Interest rate change per adjustment<\/p>\n<\/td>\n

<\/td>\n\n

0.01000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

30<\/p>\n<\/td>\n

\n

Lifetime interest rate cap<\/p>\n<\/td>\n

<\/td>\n\n

0.05530<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

31<\/p>\n<\/td>\n

\n

Back end DTI<\/p>\n<\/td>\n

<\/td>\n\n

0.45000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Restructuring Loss Calculation<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

32<\/p>\n<\/td>\n

\n

Previous NPV of loan modification<\/p>\n<\/td>\n

<\/td>\n\n

458740<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

33<\/p>\n<\/td>\n

\n

Less: Post modification principal payments<\/p>\n<\/td>\n

<\/td>\n\n

2500<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

Plus:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

35<\/p>\n<\/td>\n

\n

Attorney153s fees<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

36<\/p>\n<\/td>\n

\n

Foreclosure costs, including title search, filing fees, advertising, etc.\n<\/p>\n<\/td>\n

<\/td>\n\n

500<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

37<\/p>\n<\/td>\n

\n

Property protection costs, maint. and repairs<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

38<\/p>\n<\/td>\n

\n

Tax and insurance advances<\/p>\n<\/td>\n

<\/td>\n\n

2500<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

Other Advances<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

39<\/p>\n<\/td>\n

\n

Appraisal\/Broker153s Price Opinion fees<\/p>\n<\/td>\n

<\/td>\n\n

100<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

40<\/p>\n<\/td>\n

\n

Inspections<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

41<\/p>\n<\/td>\n

\n

Other<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

Total loan balance due before restructuring<\/p>\n<\/td>\n

<\/td>\n\n

459340<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Cash Recoveries:<\/u><\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

42<\/p>\n<\/td>\n

\n

MI contribution<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

43<\/p>\n<\/td>\n

\n

Other credits<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

44<\/p>\n<\/td>\n

\n

T & I escrow account balances, if positive<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Total Cash Recovery<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Assumptions for Calculating Loss Share Amount, Restructured
\nLoan:<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

45<\/p>\n<\/td>\n

\n

Discount rate for projected cash flows<\/p>\n<\/td>\n

<\/td>\n\n

0.05530<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

46<\/p>\n<\/td>\n

\n

Loan prepayment in full<\/p>\n<\/td>\n

<\/td>\n\n

120<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

47<\/p>\n<\/td>\n

\n

NPV of projected cash flows (see amort schd1)<\/p>\n<\/td>\n

<\/td>\n\n

386927<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

48<\/p>\n<\/td>\n

\n

Gain\/Loss Amount<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

72413<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Line item definitions can be found in SFR Data Submission Handbook.<\/p>\n

86<\/p>\n

\n

<\/p>\n

Notes to Exhibits 2a (restructuring)<\/strong><\/p>\n

1. The data shown are for illustrative purpose. The figures will vary for
\nactual restructurings.<\/p>\n

2. For purposes of loss sharing, losses on restructured loans are calculated
\nas the difference between:<\/p>\n

a. The principal, accrued interest, advances due on the loan, and allowable
\n3rd party fees prior to restructuring (2a(1) lines 34-41, 2a(2) lines 33-41),
\nand<\/p>\n

b. The Net Present Value (NPV) of the estimated cash flows (line 47). The
\ncash flows should assume no default or prepayment for 10 years, followed by
\nprepayment in full at the end of 10 years (120 months).<\/p>\n

3. For owner-occupied residential loans, the NPV is calculated using the most
\nrecently published Freddie Mac survey rate on 30-year fixed rate loans as of the
\nrestructure date.<\/p>\n

4. For investor owned or non-owner occupied residential loans, the NPV is
\ncalculated using commercially reasonable rate on 30-year fixed rate loans as of
\nthe restructure date.<\/p>\n

5. If the new loan is an adjustable-rate loan, interest rate resets and
\nrelated cash flows should be projected based on the index rate in effect at the
\ndate of the loan restructuring. If the restructured loan otherwise provides for
\nspecific charges in monthly P&I payments over the term of the loan, those
\nchanges should be reflected in the projected cash flows. Assuming Institution
\nmust retain supporting schedule of projected cash flows as required by Section
\n2.1 of the Single Family Shared-Loss Agreement and provide it to the FDIC if
\nrequested for a sample audit.<\/p>\n

6. Do not include late fees, prepayment penalties, or any similar lender fees
\nor charges by the Failed Bank or Assuming Institution to the loan account, any
\nallocation of Assuming Institution153s servicing costs, or any allocations of
\nAssuming Institution153s general and administrative (G&A) or other operating
\ncosts.<\/p>\n

7. The amount of accrued interest that may be added to the balance of the
\nloan is limited to the minimum of:<\/p>\n

a. 90 days<\/p>\n

b. The number of days that the loan is delinquent at the time of
\nrestructuring<\/p>\n

c. The number of days between the resolution date and the restructuring<\/p>\n

To calculate accrued interest, apply the note interest rate that would have
\nbeen in effect if the loan were performing to the principal balance after
\napplication of the last payment made by the borrower.<\/p>\n

87<\/p>\n

\n

<\/p>\n

Exhibit 2b(1)<\/strong><\/p>\n

CALCULATION OF LOSS FOR SHORT SALE LOANS<\/strong><\/p>\n

Loan written down to book value prior to Loss
\nShare<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

1<\/p>\n<\/td>\n

\n

Shared-Loss Month:<\/p>\n<\/td>\n

<\/td>\n\n

20090531<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

2<\/p>\n<\/td>\n

\n

Loan #<\/p>\n<\/td>\n

<\/td>\n\n

62201<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

3<\/p>\n<\/td>\n

\n

Interest Paid-to-Date<\/p>\n<\/td>\n

<\/td>\n\n

20071130<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

4<\/p>\n<\/td>\n

\n

Short Payoff Date<\/p>\n<\/td>\n

<\/td>\n\n

20090522<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

5<\/p>\n<\/td>\n

\n

Note Interest rate<\/p>\n<\/td>\n

<\/td>\n\n

0.08500<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

6<\/p>\n<\/td>\n

\n

Occupancy<\/p>\n<\/td>\n

<\/td>\n\n

Owner<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

If owner occupied:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

7<\/p>\n<\/td>\n

\n

Household current annual income<\/p>\n<\/td>\n

<\/td>\n\n

45000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

8<\/p>\n<\/td>\n

\n

Estimated NPV of loan mod<\/p>\n<\/td>\n

<\/td>\n\n

220000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

9<\/p>\n<\/td>\n

\n

Valuation Date<\/p>\n<\/td>\n

<\/td>\n\n

20090121<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

10<\/p>\n<\/td>\n

\n

Valuation Amount<\/p>\n<\/td>\n

<\/td>\n\n

300000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

11<\/p>\n<\/td>\n

\n

Valuation Type (Interior\/exterior appraisal, BPO, AVM, etc)<\/p>\n<\/td>\n

<\/td>\n\n

Ext Appraisal<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Short-Sale Loss calculation<\/u><\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

13<\/p>\n<\/td>\n

\n

Book Value<\/p>\n<\/td>\n

<\/td>\n\n

300000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

14<\/p>\n<\/td>\n

\n

Less: Post closing principal payments<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

17<\/p>\n<\/td>\n

\n

Accrued interest, limited to 90 days<\/p>\n<\/td>\n

<\/td>\n\n

6375<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

18<\/p>\n<\/td>\n

\n

Attorney153s fees<\/p>\n<\/td>\n

<\/td>\n\n

75<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

19<\/p>\n<\/td>\n

\n

Foreclosure costs, including title search, filing fees, advertising, etc.\n<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

20<\/p>\n<\/td>\n

\n

Property protection costs, maint., repairs and any costs or expenses relating
\nto environmental conditions<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

21<\/p>\n<\/td>\n

\n

Tax and insurance advances<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

Other Advances<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

22<\/p>\n<\/td>\n

\n

Appraisal\/Broker153s Price Opinion fees<\/p>\n<\/td>\n

<\/td>\n\n

250<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

23<\/p>\n<\/td>\n

\n

Inspections<\/p>\n<\/td>\n

<\/td>\n\n

600<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

24<\/p>\n<\/td>\n

\n

Other<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

25<\/p>\n<\/td>\n

\n

Incentive to borrower<\/p>\n<\/td>\n

<\/td>\n\n

5000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Gross balance recoverable by Purchaser<\/p>\n<\/td>\n

<\/td>\n\n

312300<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

26<\/p>\n<\/td>\n

\n

Amount accepted in Short-Sale (net proceeds)<\/p>\n<\/td>\n

<\/td>\n\n

275000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

27<\/p>\n<\/td>\n

\n

Hazard Insurance<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

28<\/p>\n<\/td>\n

\n

Mortgage Insurance<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

29<\/p>\n<\/td>\n

\n

T & I escrow account balance, if positive<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

30<\/p>\n<\/td>\n

\n

Other credits, if any (itemize)<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Total Cash Recovery<\/p>\n<\/td>\n

<\/td>\n\n

275000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

31<\/p>\n<\/td>\n

\n

Gain\/Loss Amount<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

37300<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n

(1) Costs with respect to environmental remediation activities
\nare limited to $200,000 unless prior consent of the FDIC<\/p>\n

Line item definitions located in SF Data Submission Handbook<\/p>\n

88<\/p>\n

\n

<\/p>\n

Exhibit 2b(2)<\/strong><\/p>\n

CALCULATION OF LOSS FOR SHORT SALE LOANS<\/strong><\/p>\n

No Preceeding Loan Mod under Loss Share<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

1<\/p>\n<\/td>\n

\n

Shared-Loss Month:<\/p>\n<\/td>\n

<\/td>\n\n

20090531<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

2<\/p>\n<\/td>\n

\n

Loan #<\/p>\n<\/td>\n

<\/td>\n\n

58776<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

3<\/p>\n<\/td>\n

\n

Interest Paid-to-Date<\/p>\n<\/td>\n

<\/td>\n\n

20080731<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

4<\/p>\n<\/td>\n

\n

Short Payoff Date<\/p>\n<\/td>\n

<\/td>\n\n

20090417<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

5<\/p>\n<\/td>\n

\n

Note Interest rate<\/p>\n<\/td>\n

<\/td>\n\n

0.07750<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

6<\/p>\n<\/td>\n

\n

Occupancy<\/p>\n<\/td>\n

<\/td>\n\n

Owner<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

If owner occupied:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

7<\/p>\n<\/td>\n

\n

Household current annual income<\/p>\n<\/td>\n

<\/td>\n\n

38500<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

8<\/p>\n<\/td>\n

\n

Estimated NPV of loan mod<\/p>\n<\/td>\n

<\/td>\n\n

200000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

9<\/p>\n<\/td>\n

\n

Valuation Date<\/p>\n<\/td>\n

<\/td>\n\n

20090121<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

10<\/p>\n<\/td>\n

\n

Valuation Amount<\/p>\n<\/td>\n

<\/td>\n\n

300000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

11<\/p>\n<\/td>\n

\n

Valuation Type (Interior\/exterior appraisal, BPO, AVM, etc)<\/p>\n<\/td>\n

<\/td>\n\n

Ext Appraisal<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Short-Sale Loss calculation<\/u><\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

12<\/p>\n<\/td>\n

\n

Loan UPB<\/p>\n<\/td>\n

<\/td>\n\n

375000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

17<\/p>\n<\/td>\n

\n

Accrued interest, limited to 90 days<\/p>\n<\/td>\n

<\/td>\n\n

7266<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

18<\/p>\n<\/td>\n

\n

Attorney153s fees<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

19<\/p>\n<\/td>\n

\n

Foreclosure costs, including title search, filing fees, advertising, etc.\n<\/p>\n<\/td>\n

<\/td>\n\n

400<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

20<\/p>\n<\/td>\n

\n

Property protection costs, maint., repairs and any costs or expenses relating
\nto environmental conditions<\/p>\n<\/td>\n

<\/td>\n\n

1450<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

21<\/p>\n<\/td>\n

\n

Tax and insurance advances<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

Other Advances<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

22<\/p>\n<\/td>\n

\n

Appraisal\/Broker153s Price Opinion fees<\/p>\n<\/td>\n

<\/td>\n\n

350<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

23<\/p>\n<\/td>\n

\n

Inspections<\/p>\n<\/td>\n

<\/td>\n\n

600<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

24<\/p>\n<\/td>\n

\n

Other<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

25<\/p>\n<\/td>\n

\n

Incentive to borrower<\/p>\n<\/td>\n

<\/td>\n\n

2000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Gross balance recoverable by Purchaser<\/p>\n<\/td>\n

<\/td>\n\n

387066<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

26<\/p>\n<\/td>\n

\n

Amount accepted in Short-Sale (net proceeds)<\/p>\n<\/td>\n

<\/td>\n\n

255000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

27<\/p>\n<\/td>\n

\n

Hazard Insurance<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

28<\/p>\n<\/td>\n

\n

Mortgage Insurance<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

29<\/p>\n<\/td>\n

\n

T & I escrow account balance, if positive<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

30<\/p>\n<\/td>\n

\n

Other credits, if any (itemize)<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Total Cash Recovery<\/p>\n<\/td>\n

<\/td>\n\n

255000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

31<\/p>\n<\/td>\n

\n

Gain\/Loss Amount<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

132066<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n

(1) Costs with respect to environmental remediation activities
\nare limited to $200,000 unless prior consent of the FDIC<\/p>\n

Line item definitions located in SF Data Submission Handbook<\/p>\n

89<\/p>\n

\n

<\/p>\n

Notes to Exhibits 2b (short sale)<\/strong><\/p>\n

1. The data shown are for illustrative purpose. The figures will vary for
\nactual short sales.<\/p>\n

2. The covered loss is the difference between the gross balance recoverable
\nby Purchaser and the total cash recovery. There are two methods of calculation
\nfor covered losses from short sales, depending upon the circumstances. They are
\nshown below:<\/p>\n

a. If the loan was restructured when the Loss Share agreement was in place,
\nand then the short sale occurred, use Exhibit 2b(3). This version uses the Net
\nPresent Value (NPV) of the modified loan as the starting point for the covered
\nloss.<\/p>\n

b. Otherwise, use Exhibit 2b(2). This version uses the unpaid balance of the
\nloan as of the last payment as the starting point for the covered loss.<\/p>\n

c. Use Exhibit 2b(1) for loans written down to book value prior to the
\nshared-loss agreement.<\/p>\n

3. For Exhibit 2b(2), the gross balance recoverable by the purchaser is
\ncalculated as the sum of lines 12 : 25; it is shown after line 25. For Exhibit
\n2b(3), the gross balance recoverable by the purchaser is calculated as line 15
\nminus line 16 plus lines 18 : 25; it is shown after line 25.<\/p>\n

4. For Exhibit 2b(2), the total cash recovery is calculated as the sum of
\nlines 26 : 30; it is shown in line 31. For Exhibit 2b(3), the total cash
\nrecovery is calculated as the sum of lines 26 : 30; it is shown after line 30.\n<\/p>\n

5. Reasonable and customary third party attorney153s fees and expenses incurred
\nby or on behalf of Assuming Institution in connection with any enforcement
\nprocedures, or otherwise with respect to such loan, are reported under
\nAttorney153s fees.<\/p>\n

6. Do not include late fees, prepayment penalties, or any similar lender fees
\nor charges by the Failed Bank or Assuming Institution to the loan account, any
\nallocation of Assuming Institution153s servicing costs, or any allocations of
\nAssuming Institution153s general and administrative (G&A) or other operating
\ncosts.<\/p>\n

7. If Exhibit 2b(3) is used, then no accrued interest may be included as a
\ncovered loss. Otherwise, the amount of accrued interest that may be included as
\na covered loss is limited to the minimum of:<\/p>\n

a. 90 days<\/p>\n

b. The number of days that the loan is delinquent when the property was sold\n<\/p>\n

c. The number of days between the resolution date and the date when the
\nproperty was sold<\/p>\n

To calculate accrued interest, apply the note interest rate that would have
\nbeen in effect if the loan were performing to the principal balance after
\napplication of the last payment made by the borrower.<\/p>\n

90<\/p>\n

\n

<\/p>\n

Exhibit 2c(1)<\/strong><\/p>\n

CALCULATION OF FORECLOSURE LOSS<\/strong><\/p>\n

ORE or Foreclosure Occurred Prior to Loss Share
\nAgreement<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

1<\/p>\n<\/td>\n

\n

Shared-Loss Month<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

20090630<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

2<\/p>\n<\/td>\n

\n

Loan no:<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

364574<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

3<\/p>\n<\/td>\n

\n

Interest Paid-To-Date<\/p>\n<\/td>\n

<\/td>\n\n

20071001<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

4<\/p>\n<\/td>\n

\n

Foreclosure sale date<\/p>\n<\/td>\n

<\/td>\n\n

20080202<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

5<\/p>\n<\/td>\n

\n

Liquidation date<\/p>\n<\/td>\n

<\/td>\n\n

20090412<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

6<\/p>\n<\/td>\n

\n

Note Interest rate<\/p>\n<\/td>\n

<\/td>\n\n

0.08100<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

10<\/p>\n<\/td>\n

\n

Valuation Date<\/p>\n<\/td>\n

<\/td>\n\n

20090121<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

11<\/p>\n<\/td>\n

\n

Valuation Amount<\/p>\n<\/td>\n

<\/td>\n\n

228000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

12<\/p>\n<\/td>\n

\n

Valuation Type (Interior\/exterior appraisal, BPO, AVM, etc)<\/p>\n<\/td>\n

<\/td>\n\n

Int Appr<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Foreclosure Loss calculation<\/u><\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

13<\/p>\n<\/td>\n

\n

Book value at date of Loss Share agreement<\/p>\n<\/td>\n

<\/td>\n\n

244900<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

14<\/p>\n<\/td>\n

\n

Less: Post closing principal payments<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n\n

3306<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

Costs incurred after Loss Share agreement in place:<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

19<\/p>\n<\/td>\n

\n

Attorney153s fees<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

20<\/p>\n<\/td>\n

\n

Foreclosure costs, including title search, filing fees, advertising, etc.\n<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

21<\/p>\n<\/td>\n

\n

Property protection costs, maint. and repairs<\/p>\n<\/td>\n

<\/td>\n\n

6500<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

22<\/p>\n<\/td>\n

\n

Tax and insurance advances<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

Other Advances<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

23<\/p>\n<\/td>\n

\n

Appraisal\/Broker153s Price Opinion fees<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

24<\/p>\n<\/td>\n

\n

Inspections<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

25<\/p>\n<\/td>\n

\n

Other<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Gross balance recoverable by Purchaser<\/p>\n<\/td>\n

<\/td>\n\n

254706<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Cash Recoveries:<\/u><\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

26<\/p>\n<\/td>\n

\n

Net liquidation proceeds (from HUD-1 settl stmt)<\/p>\n<\/td>\n

<\/td>\n\n

219400<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

27<\/p>\n<\/td>\n

\n

Hazard Insurance proceeds<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

28<\/p>\n<\/td>\n

\n

Mortgage Insurance proceeds<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

29<\/p>\n<\/td>\n

\n

T & I escrow account balances, if positive<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

30<\/p>\n<\/td>\n

\n

Other credits, if any (itemize)<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

Total Cash Recovery<\/p>\n<\/td>\n

<\/td>\n\n

219400<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

31<\/p>\n<\/td>\n

\n

Gain\/Loss Amount<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

35306<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Line item definitions located in SF Data Submission Handbook<\/p>\n

91<\/p>\n

\n

<\/p>\n

Exhibit 2c(2)<\/strong><\/p>\n

CALCULATION OF FORECLOSURE LOSS<\/strong><\/p>\n

During Term of the Agreement<\/strong><\/p>\n

No Preceeding Loan Mod under Loss<\/strong><\/p>\n

Share<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

1<\/p>\n<\/td>\n

\n

Shared-Loss Month<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

20090531<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

2<\/p>\n<\/td>\n

\n

Loan no:<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

292334<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

3<\/p>\n<\/td>\n

\n

Interest Paid-to-Date<\/p>\n<\/td>\n

<\/td>\n\n

20080430<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

4<\/p>\n<\/td>\n

\n

Foreclosure sale date<\/p>\n<\/td>\n

<\/td>\n\n

20090115<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

5<\/p>\n<\/td>\n

\n

Liquidation date<\/p>\n<\/td>\n

<\/td>\n\n

20090412<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

6<\/p>\n<\/td>\n

\n

Note Interest rate<\/p>\n<\/td>\n

<\/td>\n\n

0.08000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

7<\/p>\n<\/td>\n

\n

Occupancy<\/p>\n<\/td>\n

<\/td>\n\n

Owner<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

If owner occupied:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

8<\/p>\n<\/td>\n

\n

Household current annual income<\/p>\n<\/td>\n

<\/td>\n\n

42000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

9<\/p>\n<\/td>\n

\n

Estimated NPV of loan mod<\/p>\n<\/td>\n

<\/td>\n\n

195000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

10<\/p>\n<\/td>\n

\n

Valuation Date<\/p>\n<\/td>\n

<\/td>\n\n

20090121<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

11<\/p>\n<\/td>\n

\n

Valuation Amount<\/p>\n<\/td>\n

<\/td>\n\n

235000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

12<\/p>\n<\/td>\n

\n

Valuation Type (Interior\/exterior appraisal, BPO, AVM, etc)<\/p>\n<\/td>\n

<\/td>\n\n

Ext BPO<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Foreclosure Loss calculation<\/u><\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

14<\/p>\n<\/td>\n

\n

Loan Principal balance at property reversion<\/p>\n<\/td>\n

<\/td>\n\n

300000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

Plus:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

18<\/p>\n<\/td>\n

\n

Accrued interest, limited to 90 days<\/p>\n<\/td>\n

<\/td>\n\n

6000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

19<\/p>\n<\/td>\n

\n

Attorney153s fees<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

20<\/p>\n<\/td>\n

\n

Foreclosure costs, including title search, filing fees, advertising, etc.\n<\/p>\n<\/td>\n

<\/td>\n\n

4000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

21<\/p>\n<\/td>\n

\n

Property protection costs, maint. and repairs<\/p>\n<\/td>\n

<\/td>\n\n

5500<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

22<\/p>\n<\/td>\n

\n

Tax and insurance advances<\/p>\n<\/td>\n

<\/td>\n\n

1500<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

Other Advances<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

23<\/p>\n<\/td>\n

\n

Appraisal\/Broker153s Price Opinion fees<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

24<\/p>\n<\/td>\n

\n

Inspections<\/p>\n<\/td>\n

<\/td>\n\n

50<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

25<\/p>\n<\/td>\n

\n

Other<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Gross balance recoverable by Purchaser<\/p>\n<\/td>\n

<\/td>\n\n

317050<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Cash Recoveries:<\/u><\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

26<\/p>\n<\/td>\n

\n

Net liquidation proceeds (from HUD-1 settl stmt)<\/p>\n<\/td>\n

<\/td>\n\n

205000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

27<\/p>\n<\/td>\n

\n

Hazard Insurance proceeds<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

28<\/p>\n<\/td>\n

\n

Mortgage Insurance proceeds<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

29<\/p>\n<\/td>\n

\n

T & I escrow account balances, if positive<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

30<\/p>\n<\/td>\n

\n

Other credits, if any (itemize)<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

Total Cash Recovery<\/p>\n<\/td>\n

<\/td>\n\n

205000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

31<\/p>\n<\/td>\n

\n

Gain\/Loss Amount<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

112050<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Line item definitions located in SF Data Submission Handbook<\/p>\n

92<\/p>\n

\n

<\/p>\n

Exhibit 2c(3)<\/strong><\/p>\n

CALCULATION OF FORECLOSURE LOSS<\/strong><\/p>\n

Foreclosure after a Covered Loan Mod<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

1<\/p>\n<\/td>\n

\n

Shared-Loss Month<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

20090531<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

2<\/p>\n<\/td>\n

\n

Loan no:<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

138554<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

3<\/p>\n<\/td>\n

\n

Interest Paid-to-Date<\/p>\n<\/td>\n

<\/td>\n\n

20080430<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

4<\/p>\n<\/td>\n

\n

Foreclosure sale date<\/p>\n<\/td>\n

<\/td>\n\n

20090115<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

5<\/p>\n<\/td>\n

\n

Liquidation date<\/p>\n<\/td>\n

<\/td>\n\n

20090412<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

6<\/p>\n<\/td>\n

\n

Note Interest rate<\/p>\n<\/td>\n

<\/td>\n\n

0.04000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

10<\/p>\n<\/td>\n

\n

Valuation Date<\/p>\n<\/td>\n

<\/td>\n\n

20081215<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

11<\/p>\n<\/td>\n

\n

Valuation Amount<\/p>\n<\/td>\n

<\/td>\n\n

210000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

12<\/p>\n<\/td>\n

\n

Valuation Type (Interior\/exterior appraisal, BPO, AVM, etc)<\/p>\n<\/td>\n

<\/td>\n\n

Ext Appr<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Foreclosure Loss calculation<\/u><\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

16<\/p>\n<\/td>\n

\n

NPV of projected cash flows at loan mod<\/p>\n<\/td>\n

<\/td>\n\n

285000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

17<\/p>\n<\/td>\n

\n

Less: Post modification principal payments<\/p>\n<\/td>\n

<\/td>\n\n

2500<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

Plus:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

19<\/p>\n<\/td>\n

\n

Attorney153s fees<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

20<\/p>\n<\/td>\n

\n

Foreclosure costs, including title search, filing fees, advertising, etc.\n<\/p>\n<\/td>\n

<\/td>\n\n

4000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

21<\/p>\n<\/td>\n

\n

Property protection costs, maint. and repairs<\/p>\n<\/td>\n

<\/td>\n\n

7000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

22<\/p>\n<\/td>\n

\n

Tax and insurance advances<\/p>\n<\/td>\n

<\/td>\n\n

2000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

Other Advances<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

23<\/p>\n<\/td>\n

\n

Appraisal\/Broker153s Price Opinion fees<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

24<\/p>\n<\/td>\n

\n

Inspections<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

25<\/p>\n<\/td>\n

\n

Other<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Gross balance recoverable by Purchaser<\/p>\n<\/td>\n

<\/td>\n\n

295500<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Cash Recoveries:<\/u><\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

26<\/p>\n<\/td>\n

\n

Net liquidation proceeds (from HUD-1 settl stmt)<\/p>\n<\/td>\n

<\/td>\n\n

201000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

27<\/p>\n<\/td>\n

\n

Hazard Insurance proceeds<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

28<\/p>\n<\/td>\n

\n

Mortgage Insurance proceeds<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

29<\/p>\n<\/td>\n

\n

T & I escrow account balances, if positive<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

30<\/p>\n<\/td>\n

\n

Other credits, if any (itemize)<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

Total Cash Recovery<\/p>\n<\/td>\n

<\/td>\n\n

201000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

31<\/p>\n<\/td>\n

\n

Gain\/Loss Amount<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

94500<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Line item definitions located in SF Data Submission Handbook<\/p>\n

93<\/p>\n

\n

<\/p>\n

Notes to Exhibits 2c (foreclosure)<\/strong><\/p>\n

2. The data shown are for illustrative purpose. The figures will vary for
\nactual restructurings.<\/p>\n

3. The covered loss is the difference between the gross balance recoverable
\nby Purchaser and the total cash recovery. There are three methods of calculation
\nfor covered losses from foreclosures, depending upon the circumstances. They are
\nshown below:<\/p>\n

a. If foreclosure occurred prior to the beginning of the Loss Share
\nagreement, use Exhibit 2c(1). This version uses the book value of the REO as the
\nstarting point for the covered loss.<\/p>\n

b. If foreclosure occurred after the Loss Share agreement was in place, and
\nif the loan was not restructured when the Loss Share agreement was in place, use
\nExhibit 2c(2). This version uses the unpaid balance of the loan as of the last
\npayment as the starting point for the covered loss.<\/p>\n

c. If the loan was restructured when the Loss Share agreement was in place,
\nand then foreclosure occurred, use Exhibit 2c(3). This version uses the Net
\nPresent Value (NPV) of the modified loan as the starting point for the covered
\nloss.<\/p>\n

4. For Exhibit 2c(1), the gross balance recoverable by the purchaser is
\ncalculated as the sum of lines 13 : 25; it is shown after line 25. For Exhibit
\n2c(2), the gross balance recoverable by the purchaser is calculated as the sum
\nof lines 14 : 25; it is shown after line 25. For Exhibit 2c(3), the gross
\nbalance recoverable by the purchaser is calculated as line 16 minus line 17 plus
\nlines 17 : 25; it is shown after line 25.<\/p>\n

5. For Exhibit 2c(1), the total cash recovery is calculated as the sum of
\nlines 26 : 30; it is shown in line 31. For Exhibit 2c(2), the total cash
\nrecovery is calculated as the sum of lines 26 : 30; it is shown in line 31. For
\nExhibit 2c(3), the total cash recovery is calculated as the sum of lines 26 :
\n30; it is shown in line 31.<\/p>\n

6. Reasonable and customary third party attorney153s fees and expenses incurred
\nby or on behalf of Assuming Institution in connection with any enforcement
\nprocedures, or otherwise with respect to such loan, are reported under
\nAttorney153s fees.<\/p>\n

7. Assuming Institution153s (or Third Party Servicer153s) reasonable and
\ncustomary out-of-pocket costs paid to either a third party or an affiliate (if
\naffiliate is pre-approved by the FDIC) for foreclosure, property protection and
\nmaintenance costs, repairs, assessments, taxes, insurance and similar items are
\ntreated as part of the gross recoverable balance, to the extent they are not
\npaid from funds in the borrower153s escrow account. Allowable costs are limited to
\namounts per Freddie Mac and Fannie Mae guidelines (as in effect from time to
\ntime), where applicable, provided that this limitation shall not apply to costs
\nor expenses relating to environmental conditions.<\/p>\n

8. Do not include late fees, prepayment penalties, or any similar lender fees
\nor charges by the Failed Bank or Assuming Institution to the loan account, any
\nallocation of Assuming Institution153s servicing costs, or any allocations of
\nAssuming Institution153s general and administrative (G&A) or other operating
\ncosts.<\/p>\n

9. If Exhibit 2c(3) is used, then no accrued interest may be included as a
\ncovered loss. The amount of accrued interest that may be included as a covered
\nloss on Exhibit 2c(2)is limited to the minimum of:<\/p>\n

a. 90 days<\/p>\n

b. The number of days that the loan is delinquent when the property was sold\n<\/p>\n

94<\/p>\n

\n

<\/p>\n

c. The number of days between the resolution date and the date when the
\nproperty was sold<\/p>\n

To calculate accrued interest, apply the note interest rate that would have
\nbeen in effect if the loan were performing to the principal balance after
\napplication of the last payment made by the borrower.<\/p>\n

95<\/p>\n

\n

<\/p>\n

Exhibit 2d(1)<\/strong><\/p>\n

CALCULATION OF LOSS FOR UNRELATED 2ND LIEN<\/strong>\n<\/p>\n

CHARGE-OFF<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

1<\/p>\n<\/td>\n

\n

Shared-Loss Month:<\/p>\n<\/td>\n

<\/td>\n\n

20090531<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

2<\/p>\n<\/td>\n

\n

Loan #<\/p>\n<\/td>\n

<\/td>\n\n

58776<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

3<\/p>\n<\/td>\n

\n

Interest paid-to-date<\/p>\n<\/td>\n

<\/td>\n\n

20081201<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

4<\/p>\n<\/td>\n

\n

Charge-Off Date<\/p>\n<\/td>\n

<\/td>\n\n

20090531<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

5<\/p>\n<\/td>\n

\n

Note Interest rate<\/p>\n<\/td>\n

<\/td>\n\n

0.03500<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

6<\/p>\n<\/td>\n

\n

Occupancy<\/p>\n<\/td>\n

<\/td>\n\n

Owner<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

If owner occupied:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

7<\/p>\n<\/td>\n

\n

Household current annual income<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

8<\/p>\n<\/td>\n

\n

Valuation Date<\/p>\n<\/td>\n

<\/td>\n\n

20090402<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

9<\/p>\n<\/td>\n

\n

Valuation Amount<\/p>\n<\/td>\n

<\/td>\n\n

230000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

10<\/p>\n<\/td>\n

\n

Valuation Type (Interior\/exterior appraisal, BPO, AVM, etc)<\/p>\n<\/td>\n

<\/td>\n\n

BPO<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

11<\/p>\n<\/td>\n

\n

Balance of superior liens<\/p>\n<\/td>\n

<\/td>\n\n

210000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Charge-Off Loss calculation<\/u><\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

12<\/p>\n<\/td>\n

\n

Loan Principal balance<\/p>\n<\/td>\n

<\/td>\n\n

55000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

13<\/p>\n<\/td>\n

\n

Charge-off amount (principal only)<\/p>\n<\/td>\n

<\/td>\n\n

55000<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

Plus:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

14<\/p>\n<\/td>\n

\n

Accrued interest, limited to 90 days<\/p>\n<\/td>\n

<\/td>\n\n

481<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

15<\/p>\n<\/td>\n

\n

Attorney153s fees<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

16<\/p>\n<\/td>\n

\n

Foreclosure costs, including title search, filing fees, advertising, etc.\n<\/p>\n<\/td>\n

<\/td>\n\n

250<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

17<\/p>\n<\/td>\n

\n

Property protection costs, maint., repairs and any costs or expenses relating
\nto environmental conditions<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

18<\/p>\n<\/td>\n

\n

Tax and insurance advances<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n\n

Other Advances<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

19<\/p>\n<\/td>\n

\n

Appraisal\/Broker153s Price Opinion fees<\/p>\n<\/td>\n

<\/td>\n\n

75<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

20<\/p>\n<\/td>\n

\n

Inspections<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

21<\/p>\n<\/td>\n

\n

Other<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Gross balance recoverable by Purchaser<\/p>\n<\/td>\n

<\/td>\n\n

55806<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

22<\/p>\n<\/td>\n

\n

Foreclosure sale proceeds<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

23<\/p>\n<\/td>\n

\n

Hazard Insurance proceeds<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

24<\/p>\n<\/td>\n

\n

Mortgage Insurance proceeds<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

25<\/p>\n<\/td>\n

\n

Tax overage<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

26<\/p>\n<\/td>\n

\n

Short sale payoff<\/p>\n<\/td>\n

<\/td>\n\n

1500<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

27<\/p>\n<\/td>\n

\n

Other credits, if any (itemize)<\/p>\n<\/td>\n

<\/td>\n\n

0<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Total Cash Recovery<\/p>\n<\/td>\n

<\/td>\n\n

1500<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

28<\/p>\n<\/td>\n

\n

Loss Amount<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

54306<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n

(1) Costs with respect to environmental remediation activities
\nare limited to $200,000 unless prior consent of the FDIC<\/p>\n

Line item definitions located in SF Data Submission Handbook\n<\/p>\n

96<\/p>\n

\n

<\/p>\n

Exhibit 2d(2)<\/strong><\/p>\n

\n\n\n\n\n
\n

Shared-Loss Month:<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

[input month]<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

Loan no.:<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

[input loan no.)<\/strong><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

NOTE<\/u><\/strong><\/p>\n

The calculation of recovery on a loan for which a Restructuring Loss has been
\npaid will only apply if the loan is sold.<\/p>\n

EXAMPLE CALCULATION<\/u><\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Restructuring Loss Information<\/u><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Loan principal balance before restructuring<\/p>\n<\/td>\n

<\/td>\n\n

$<\/p>\n<\/td>\n

\n

200,000<\/p>\n<\/td>\n

<\/td>\n\n

A<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

NPV, restructured loan<\/p>\n<\/td>\n

<\/td>\n\n

165,000<\/p>\n<\/td>\n

<\/td>\n\n

B<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Loss on restructured loan<\/p>\n<\/td>\n

<\/td>\n\n

$<\/p>\n<\/td>\n

\n

35,000<\/p>\n<\/td>\n

<\/td>\n\n

A : B<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Times FDIC applicable loss share % (80%)<\/p>\n<\/td>\n

<\/td>\n\n

80<\/p>\n<\/td>\n

\n

%<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/tr>\n
\n

Loss share payment to purchaser<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

$<\/p>\n<\/td>\n

\n

28,000<\/p>\n<\/td>\n

<\/td>\n\n

C<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Calculation : Recovery amount due to
\nReceiver<\/u><\/em><\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Loan sales price<\/p>\n<\/td>\n

<\/td>\n\n

$<\/p>\n<\/td>\n

\n

190,000<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

NPV of restructured loan at mod date<\/p>\n<\/td>\n

<\/td>\n\n

165,000<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Gain – step 1<\/p>\n<\/td>\n

<\/td>\n\n

25,000<\/p>\n<\/td>\n

<\/td>\n\n

D<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

PLUS<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Loan UPB after restructuring (1)<\/p>\n<\/td>\n

<\/td>\n\n

200,000<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Loan UPB at liquidation date<\/p>\n<\/td>\n

<\/td>\n\n

192,000<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Gain – step 2 (principal collections after restructuring)<\/p>\n<\/td>\n

<\/td>\n\n

8,000<\/p>\n<\/td>\n

<\/td>\n\n

E<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Recovery amount<\/p>\n<\/td>\n

<\/td>\n\n

33,000<\/p>\n<\/td>\n

<\/td>\n\n

D+ E<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Times FDIC loss share %<\/p>\n<\/td>\n

<\/td>\n\n

80<\/p>\n<\/td>\n

\n

%<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/tr>\n
\n

Recovery due to FDIC<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

$<\/strong><\/p>\n<\/td>\n

\n

26,400<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

F<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Net loss share paid to purchaser (C : F)<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

$<\/strong><\/p>\n<\/td>\n

\n

1,600<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Proof Calculation <\/u><\/strong>(2)<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Loan principal balance<\/p>\n<\/td>\n

<\/td>\n\n

$<\/p>\n<\/td>\n

\n

200,000<\/p>\n<\/td>\n

<\/td>\n\n

G<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Principal collections on loan<\/p>\n<\/td>\n

<\/td>\n\n

8,000<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Sales price for loan<\/p>\n<\/td>\n

<\/td>\n\n

190,000<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Total collections on loan<\/p>\n<\/td>\n

<\/td>\n\n

198,000<\/p>\n<\/td>\n

<\/td>\n\n

H<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Net loss on loan<\/p>\n<\/td>\n

<\/td>\n\n

$<\/p>\n<\/td>\n

\n

2,000<\/p>\n<\/td>\n

<\/td>\n\n

G : H<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Times FDIC applicable loss share % (80%)<\/p>\n<\/td>\n

<\/td>\n\n

80<\/p>\n<\/td>\n

\n

%<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/tr>\n
\n

Loss share payment to purchaser<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

$<\/strong><\/p>\n<\/td>\n

\n

1,600<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n\n\n\n\n
\n

(1)<\/p>\n<\/td>\n

\n

This example assumes that the FDIC loan modification program as shown in
\nExhibit 5 is applied and the loan restructuring does not result in a reduction
\nin the loan principal balance due from the borrower.<\/p>\n<\/td>\n<\/tr>\n

\n

(2)<\/p>\n<\/td>\n

\n

This proof calculation is provided to illustrate the concept and the Assuming
\nInstitution is not required to provide this with its Recovery calculations.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

97<\/p>\n

\n

<\/p>\n

Exhibit 3<\/strong><\/p>\n

\n

Portfolio Performance and Summary Schedule<\/strong>\n<\/p>\n

\n

SHARED-LOSS LOANS<\/strong><\/p>\n

PORTFOLIO PERFORMANCE AND SUMMARY SCHEDULE<\/strong><\/p>\n

MONTH ENDED: [input report month]<\/strong><\/p>\n

POOL SUMMARY<\/u><\/strong><\/p>\n\n\n\n\n\n\n
<\/td>\n<\/td>\n\n

#<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

$<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Loans at Sale Date<\/p>\n<\/td>\n

<\/td>\n\n

xx<\/p>\n<\/td>\n

<\/td>\n\n

xx<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Loans as of this month-end<\/p>\n<\/td>\n

<\/td>\n\n

xx<\/p>\n<\/td>\n

<\/td>\n\n

xx<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

PORTFOLIO PERFORMANCE STATUS<\/u><\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

Percent of Total<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\n

#<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

$<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

#<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Current<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

30 : 59 days past due<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

60 : 89 days past due<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

90 : 119 days past due<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

120 and over days past due<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

In foreclosure<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

ORE<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Total<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Memo Item<\/u>:<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Loans in process of restructuring : total<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Loans in bankruptcy<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Loans in process of restructuring by delinquency status<\/u><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Current<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

30 – 59 days past due<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

60 – 89 days past due<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

90 – 119 days past due<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

120 and over days past due In foreclosure<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Total<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

98<\/p>\n

\n

<\/p>\n

List of Loans Paid Off During Month<\/strong><\/p>\n\n\n\n\n\n\n
\n

Loan #<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

Principal
\nBalance<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

List of Loans Sold During Month<\/strong><\/p>\n\n\n\n\n\n\n
\n

Loan #<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

Principal
\nBalance<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

99<\/p>\n

\n

<\/p>\n

Exhibit 4
\nWire Transfer Instructions<\/strong><\/p>\n

\n

PURCHASER WIRING INSTRUCTIONS<\/strong><\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

BANK RECEIVING WIRE<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\n

9 DIGIT ABA ROUTING NUMBER<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\n

ACCOUNT NUMBER<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\n

NAME OF ACCOUNT<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\n

ATTENTION TO WHOM<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\n

PURPOSE OF WIRE<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\n

FDIC RECEIVER WIRING INSTRUCTIONS<\/strong><\/p>\n<\/td>\n<\/tr>\n

<\/td>\n<\/td>\n<\/tr>\n
\n

BANK RECEIVING WIRE<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\n

SHORT NAME<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\n

ADDRESS OF BANK RECEIVING WIRE<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\n

9 DIGIT ABA ROUTING NUMBER<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\n

ACCOUNT NUMBER<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\n

NAME OF ACCOUNT<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\n

ATTENTION TO WHOM<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\n

PURPOSE OF WIRE<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

100<\/p>\n

\n

<\/p>\n

EXHIBIT 5<\/u><\/strong><\/u><\/p>\n

<\/u><\/p>\n

FDIC MORTGAGE LOAN MODIFICATION
\nPROGRAM<\/u><\/strong><\/u><\/p>\n

<\/u><\/p>\n

Objective<\/u><\/p>\n

<\/u><\/p>\n

The objective of this FDIC Mortgage Loan Modification Program (“Program”) is
\nto modify the terms of certain residential mortgage loans so as to improve
\naffordability, increase the probability of performance, allow borrowers to
\nremain in their homes and increase the value of the loans to the FDIC and
\nassignees. The Program provides for the modification of Qualifying Loans (as
\ndefined below) by reducing the borrower153s monthly housing debt to income ratio
\n(“DTI Ratio”) to no more than 31% at the time of the modification and
\neliminating adjustable interest rate and negative amortization features.<\/p>\n

Qualifying Mortgage Loans<\/u><\/p>\n

<\/u><\/p>\n

In order for a mortgage loan to be a Qualifying Loan it must meet all of the
\nfollowing criteria, which must be confirmed by the lender:<\/p>\n

– The collateral securing the mortgage loan is owner-occupied and the owner153s
\nprimary residence; and<\/p>\n

– The mortgagee has a first priority lien on the collateral; and<\/p>\n

– Either the borrower is at least 60 days delinquent or a default is
\nreasonably foreseeable.<\/p>\n

Modification Process<\/u><\/p>\n

<\/u><\/p>\n

The lender shall undertake a review of its mortgage loan portfolio to
\nidentify Qualifying Loans. For each Qualifying Loan, the lender shall determine
\nthe net present value of the modified loan and, if it will exceed the net
\npresent value of the foreclosed collateral upon disposition, then the Qualifying
\nLoan shall be modified so as to reduce the borrower153s monthly DTI Ratio to no
\nmore than 31% at the time of the modification. To achieve this, the lender shall
\nuse a combination of interest rate reduction, term extension and principal
\nforbearance, as necessary.<\/p>\n

The borrower153s monthly DTI Ratio shall be a percentage calculated by dividing
\nthe borrower153s monthly income by the borrower153s monthly housing payment
\n(including principal, interest, taxes and insurance). For these purpose of the
\nforegoing calculation:<\/p>\n

(1) the borrower153s monthly income shall be defined as the borrower153s (along
\nwith any co-borrowers153) income amount before any payroll deductions and includes
\nwages and salaries, overtime pay, commissions, fees, tips, bonuses, housing
\nallowances, other compensation for personal services, Social Security payments,
\nincluding Social Security received by adults on behalf of minors or by minors
\nintended for their own support, and monthly income from annuities, insurance
\npolicies, retirement funds, pensions, disability or death benefits, unemployment
\nbenefits, rental income and other income. All income information must be
\ndocumented and verified. If the borrower receives public assistance or collects
\nunemployment, the Assuming Institution must determine whether the public
\nassistance or unemployment income will continue for at least nine (9) months.\n<\/p>\n

(2) the borrower153s monthly housing payment shall be the amount required to
\npay monthly principal and interest plus one-twelfth of the then current annual
\namount required to pay real property taxes and homeowner153s insurance with
\nrespect to the collateral.<\/p>\n

101<\/p>\n

\n

<\/p>\n

In order to calculate the monthly principal payment, the lender shall
\ncapitalize to the outstanding principal balance of the Qualifying Loan the
\namount of all delinquent interest, delinquent taxes, past due insurance
\npremiums, third party fees and (without duplication) escrow advances (such
\namount, the “Capitalized Balance”).<\/p>\n

In order to achieve the goal of reducing the DTI Ratio to 31%, the lender
\nshall take the following steps in the following order of priority with respect
\nto each Qualifying Loan:<\/p>\n

1. Reduce the interest rate to the then current Freddie Mac Survey Rate for
\n30-year fixed rate mortgage loans, and adjust the term to 30 years.<\/p>\n

2. If the DTI Ratio is still in excess of 31%, reduce the interest rate
\nfurther, but no lower than 3%, until the DTI ratio of 31% is achieved.<\/p>\n

3. If the DTI Ratio is still in excess of 31% after adjusting the interest
\nrate to 3%, extend the remaining term of the loan by 10 years.<\/p>\n

4. If the DTI Ratio is still in excess of 31%, calculate a new monthly
\npayment (the “Adjusted Payment Amount”) that will result in the borrower153s
\nmonthly DTI Ratio not exceeding 31%. After calculating the Adjusted Payment
\nAmount, the lender shall bifurcate the Capitalized Balance into two portions :
\nthe amortizing portion and the non-amortizing portion. The amortizing portion of
\nthe Capitalized Balance shall be the mortgage amount that will fully amortize
\nover a 40-year term at an annual interest rate of 3% and monthly payments equal
\nto the Adjusted Payment Amount. The non-amortizing portion of the Capitalized
\nBalance shall be the difference between the Capitalized Balance and the
\namortizing portion of the Capitalized Balance. If the amortizing portion of the
\nCapitalized Balance is less than 75% of the current estimated value of the
\ncollateral, then the lender may choose not to restructure the loan. If the
\nlender chooses to restructure the loan, then the lender shall forbear on
\ncollecting the non-amortizing portion of the Capitalized Balance, and such
\namount shall be due and payable only upon the earlier of (i) maturity of the
\nmodified loan, (ii) a sale of the property or (iii) a pay-off or refinancing of
\nthe loan. No interest shall be charged on the non-amortizing portion of the
\nCapitalized Balance, but repayment shall be secured by a first lien on the
\ncollateral.<\/p>\n

Special Note:<\/u><\/p>\n

<\/u><\/p>\n

The net present value calculation used to determine whether a loan should be
\nmodified based on the modification process above is distinct and different from
\nthe net present value calculation used to determine the covered loss if the loan
\nis modified. Please refer only to the net present value calculation described in
\nthis exhibit for the modification process, with its separate assumptions, when
\ndetermining whether to provide a modification to a borrower. Separate
\nassumptions may include, without limitation, Assuming Institution153s
\ndetermination of a probability of default without modification, a probability of
\ndefault with modification, home price forecasts, prepayment speeds, and event
\ntiming. These assumptions are applied to different projected cash flows over the
\nterm of the loan, such as the projected cash flow of the loan performing or
\ndefaulting without modification and the projected cash flow of the loan
\nperforming or defaulting with modification.<\/p>\n

By contrast, the net present value for determining the covered loss is based
\non a 10 year period. While the assumptions in the net present value calculation
\nused in the modification process may change, the net present value calculation
\nfor determining the covered loss remains constant.<\/p>\n

102<\/p>\n

\n

<\/p>\n

Related Junior Lien Mortgage Loans<\/u><\/p>\n

In cases where the lender holds a junior lien mortgage loan that is
\ncollateralized by the same property that collateralizes a Qualifying Loan that
\nis modified as described above, the junior lien mortgage loan shall also be
\nmodified to enhance overall affordability to the borrower. At a minimum, the
\nlender shall reduce the interest rate on the junior lien mortgage loan to no
\nmore than 2% per annum. Further modifications may be made at the lender153s
\ndiscretion as needed to support affordability and performance of the modified
\nfirst lien Qualifying Loan.<\/p>\n

103<\/p><\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[9158],"corporate_contracts_industries":[9415],"corporate_contracts_types":[9623,9622],"class_list":["post-43622","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-unionbancal-corp","corporate_contracts_industries-financial__banks","corporate_contracts_types-planning__asset","corporate_contracts_types-planning"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/43622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=43622"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=43622"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=43622"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=43622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}