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RE: Engelhart: Additional Documentation Required for RAMP Review Page 1 of 1 <br />Manna, Daniel A. <br />From: Manna, Daniel A. <br />Sent: Monday, June 27, 2011 10:08 AM <br />To: Kevin Johnson <br />Subject: Engelhart Loan Modification Approved <br />Kevin, <br />Bank of America has approved a loan modification for Mr. Engelhart. The bank proposes to extend the term of the <br />loan to 480 months but to keep the maturity date the same, creating a balloon. The modification would have a <br />step interest rate structure, with 2% for three years, 3% for one year, 4% for one year, and 4.5% for the duration <br />of the loan. The modification would be effective 8/1/2011. The modified loan payments would look like this: <br />Rate: 2.00% <br />P&I $761.47 <br />P&I w/ escrow $1,343.33 <br />Rate: 3.00% <br />P&I $890.93 <br />P&I wl escrow $1,472.79 <br />Rate: 4% <br />P&I $1,028.13 <br />P&I wl escrow $1,609.99 <br />Rate: 4.50% <br />P81 $1,098.91 <br />P&I w/ escrow $1,680.77 <br />Please let me know as soon as possible if this modification is acceptable to Mr. Engelhart. Once 1 have Mr. <br />Engelhart's approval, I will put together settlement documents for his signature. <br />- Dan <br />Daniel Manna <br />Foley & Lardner LLP <br />777 E. Wisconsin Ave. <br />Milwaukee, WI 53202-5306 <br />(414)319-7364 <br />dmanna@foley.com <br />12/8 201 I <br />