purchase and assumption agreement whole bank all deposits - FDIC
purchase and assumption agreement whole bank all deposits - FDIC
purchase and assumption agreement whole bank all deposits - FDIC
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Calculation of Loss For Restructured Loans<br />
Concept <strong>and</strong> Definition - Restructurina Loss<br />
f'Qfpurposes of loss sharing, losses on restructured loans are calculated as the difference between<br />
(a) the principal, accrued interest <strong>and</strong> advances due on the loan prior to restructuring, <strong>and</strong><br />
{b) the Net Present Value (NPV} of estimated cash flows on the restructured loan, discounted at<br />
the most recently published Freddie Mac survey rate on 30-year fixed-rate loans at the restructure date.<br />
The NPV calculations must assume loan prepayment in full at the end of ten years (120 months).<br />
Form for Calculation - Restructurina Loss<br />
Shared-Loss Month:<br />
Loan no.:<br />
Loan before Restructurina<br />
Original loan amount<br />
Current unpaid principal balance<br />
Remaining term<br />
Interest rate<br />
Interest Paid-To Date<br />
Monthly payment- P&l<br />
Monthly payment - T&l<br />
thly payment<br />
(fixed-rate, ARM, 1/0, Option ARM, etc.)<br />
Terms ofModified/Restructured Loan<br />
Closing date on modified/restructured loan<br />
New Principal balance<br />
Remaining term<br />
Interest rate<br />
Monthly payment - P&l<br />
Monthly payment - T&l<br />
Total monthly payment<br />
Loan type (Fixed-rate, ARM, 1/0, Option ARM, negative<br />
amortization features, etc.)<br />
Lien type (1st, 2nd)<br />
If adjustable:<br />
Initial interest rate<br />
Term- initial interest rate<br />
Initial payment amount<br />
Term- initial payment amount<br />
Whole Bank P&A w/Loss Sharing<br />
February 6, 2009<br />
68<br />
[input month]<br />
[input loan no.)<br />
Alliance Bank<br />
Culver City, CA