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    Analysis by Bernard Patterson On Loan ModIfications in The Helen Galope Case.

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    83jjmack
    analysis by Bernard Patterson on Loan Modifications in the Helen Galope case. re: Libor Manipulation see other ScribD posts for the Ninth Circuit Court of Appeals Memorandum Opinion in favor of Helen Galope. The opinion was issued March 27, 2014

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    © All Rights Reserved
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    Analysis by Bernard Patterson On Loan ModIfications in The Helen Galope Case.

    Uploaded by

    83jjmack
    5K views8 pages
    analysis by Bernard Patterson on Loan Modifications in the Helen Galope case. re: Libor Manipulation see other ScribD posts for the Ninth Circuit Court of Appeals Memorandum Opinion in favor of Helen Galope. The opinion was issued March 27, 2014

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    Analysis by Bernard Patterson on Loan ModIfications in the Helen Galope case.

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    analysis by Bernard Patterson on Loan Modifications in the Helen Galope case. re: Libor Manipulation see other ScribD posts for the Ninth Circuit Court of Appeals Memorandum Opinion in favor of Helen Galope. The opinion was issued March 27, 2014

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    5K views8 pages

    Analysis by Bernard Patterson On Loan ModIfications in The Helen Galope Case.

    Uploaded by

    83jjmack
    analysis by Bernard Patterson on Loan Modifications in the Helen Galope case. re: Libor Manipulation see other ScribD posts for the Ninth Circuit Court of Appeals Memorandum Opinion in favor of Helen Galope. The opinion was issued March 27, 2014

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    Case 8:12-cv-00323-CJC-RNB Document 110 Filed 10/01/12 Page 1 of 8 Page ID #:4854

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    Lenore L. Albert, Esq. SBN 210876 LAW OFFICES OF LENORE ALBERT 7755 Center Avenue, Suite #1100 Huntington Beach, CA 92647 Telephone (714) 372-2264 Facsimile (419) 831-3376 Email: [email protected] Attorney for Plaintiff, HELEN GALOPE On behalf of herself and all others similarly situated

    UNITED STATES DISTRICT COURT CENTRAL DISTRICT OF CALIFORNIA HELEN GALOPE, an individual, on behalf CASE NO. SACV 12 00323-CJC (RNBx) of herself and all others similarly situated, Assigned to the Hon: Cormac J. Carney Plaintiffs, vs. ERRATA DEUTSCHE BANK NATIONAL TRUST COMPANY, AS TRUSTEE, et al, DATE: October 15, 2012 Defendants. TIME: 1:30PM DEPT: 9B

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    TO THE COURT, ALL PARTIES AND THEIR ATTORNEYS OF RECORD:

    Now comes Plaintiff and hereby corrects the Face of Exhibit 1 attached to the Request for Judicial Notice in Opposition of the Motion to Dismiss. The expert erroneously typed 1 instead of 4 as the correct name of the trust. It was first noticed last Friday and this was the first opportunity the certified fraud examiner was able to

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    1 ERRATA Galope v Deutsche Bank et al SACV12-323-CJC (RNBx)

    Case 8:12-cv-00323-CJC-RNB Document 110 Filed 10/01/12 Page 2 of 8 Page ID #:4855

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    verify the information related to the trust 4 and not trust 1 then made the correction accordingly. The corrected document header is attached hereto. The document is relevant to show that Ms. Galope has standing. Her injury and those similarly situated is not speculative as can be seen in this snippet. Each of the LIBOR loans were placed well above LIBOR. Also, not one modification was reported in this trust until 2010 which is 2 years after defendant purports it modified Ms. Galopes loan to another fixed interest rate. Ms. Galope and those similarly situated are direct consumers of LIBOR loans, whereby the mechanics of the effect of the price fixing is not supposed to be delved into in such cases. It is presumed that the bank would not fix prices to hurt itself and run itself out of business for the benefit of the consumer. Dated: October 1, 2012 Respectfully Submitted, LAW OFFICES OF LENORE ALBERT /s/ Lenore Albert________________________ LENORE L. ALBERT, ESQ. Attorney for Plaintiff Helen Galope, and all others similarly situated

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    Case 8:12-cv-00323-CJC-RNB Document 110 Filed 10/01/12 Page 3 of 8 Page ID #:4856

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    PROOF OF SERVICE

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    STATE OF CALIFORNIA, COUNTY OF ORANGE: I declare that I am over the age of 18 years, and not a party to the within action; that I am employed in Orange County, California; my business address is 7755 Center Avenue Suite #1100,Huntington Beach, CA 92647. On October 1, 2012, I served a copy of the following document(s) described as: ERRATA On the interested parties in this action as follows: See attached Mail List [x] BY CM/ECF I caused such document(s) to be transmitted to the office(s) of the addressee(s) listed above by electronic mail at the e-mail address(es) set forth pursuant to FRCP 5(d)(1). [ ] BY EMAIL I caused such document(s) to be transmitted to the office(s) of the addressee(s) listed above by electronic mail at the e-mail address(es) set forth herein. [ ] BY FAX I caused such document(s) to be transmitted facsimile from the offices located in Westminster, California this business day to the aforementioned recipients. I declare under penalty of perjury under the laws of the State of California and the United States of America that the foregoing is true and correct. Dated: October 1, 2012 s/ Lenore Albert_____________________ Lenore Albert

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    Case 8:12-cv-00323-CJC-RNB Document 110 Filed 10/01/12 Page 4 of 8 Page ID #:4857

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    Mailing List For Defendant Western Progressive, LLC and Defendant Deutsche Bank National Trust Company: Eric D. Hauser, Esq. Steven S. Son, Esq. HOUSER & ALLISON 3760 Kilroy Airport Way, Suite 260 Long Beach, CA 90806 Telephone: (949) 679-1111 Fax: (949) 679-1112 Email: [email protected] Ford Defendant BARCLAYS BANK, PLC; BARCLAYS CAPITAL REAL ESTATE INC. d/b/a HOMEQ SERVICING: Scott H. Jacobs (SBN 81980) [email protected] Brandon W. Corbridge (SBN 244934) [email protected] REED SMITH LLP 355 South Grand Avenue, Suite 2900 Los Angeles, CA 90071-1514 Telephone: 213.457.8000 Facsimile: 213.457.8080 Boies, Schiller & Flexner LLP James Meadows [email protected] Jonathan D. Schiller [email protected] 575 Lexington Avenue, 7th Floor New York, NY 10022 Tel: (212) 446-2300 Fax: (212) 446-2350 David H. Braff Yvonne S. Quinn Jeffrey T. Scott Matthew S. Fitzwater Adam S. Paris Sullivan & Cromwell LLP 125 Broad Street New York, NY 10004
    4 ERRATA Galope v Deutsche Bank et al SACV12-323-CJC (RNBx)

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    Case 8:12-cv-00323-CJC-RNB Document 110 Filed 10/01/12 Page 5 of 8 Page ID #:4858

    Full Disclosure, LLC


    Jay Patterson, CFE
    Forensic Accountant | Examiner | Analyst

    646 Quapaw Ave. Hot Springs, AR 71901 501-276-1108 email [email protected] _____________________________________________________________________________________________

    LOAN MODIFICATION ANALYSIS

    FOR

    Lenore L. Albert, Esq.

    Securitized Asset Backed Receivables LLC Trust Series 2007-BR4. (SABR 2007-BR4)

    Prepared by: Bernard Jay Patterson, CFE

    Page 1 of 1

    Case 8:12-cv-00323-CJC-RNB Document 110 Filed 10/01/12 Page 6 of 8 Page ID #:4859

    Loan Modification Data


    Loan Modification Statistics for the SABR 2007-BR4
    Description Totalloansatbeginningofdeal Totalloansremainingindeal Totalloansmodified Percentageofloansmodifiedinthedeal ModifiedLoanswithratereductions ModifiedLoanswithP&Ireductions ModifiedLoanswithInterestforgiveness ModifiedLoanswithrecapitalizations ModifiedLoanswithprincipalforgiveness Mostcommonmodifiedinterestrate Maximummodifiedratereduction Averagemodifiedratereduction Modifiedratefloor Source Bloomberg Finance, LP See attached spreadsheet containing all data for modified loans for this trust. Amounts 7,533 1,956 827 42.2% 686outof827 718outof827 424outof827 653outof827 424outof827 2%328outof827 9.75% 3.66% .5%

    Case 8:12-cv-00323-CJC-RNB Document 110 Filed 10/01/12 Page 7 of 8 Page ID #:4860

    NumberofModificationsbyYear
    500 450 400 350 300 250 200 150 100 50 0 430

    232 165

    NumberofModificationsby Year

    0 2008

    0 2009 2010 2011 2012

    TopTenModifiedInterestRates
    350 300 250 200 150 100 50 0 2% 4.39 3.95 2.5 3 3.91 4 4.55 5 2.75 45 17 13 12 11 11 10 9 10 TopTenModified InterestRates 328

    AdjustedLoantoValueRatiosofTrustModified Loans
    250.00 200.00 150.00 100.00 50.00 0.00 MINHALTV ActutalHALTV AvgHALTV MAXHALTV 10.16 85.00 88.76 MINHALTV ActutalHALTV AvgHALTV MAXHALTV 234.23

    Case 8:12-cv-00323-CJC-RNB Document 110 Filed 10/01/12 Page 8 of 8 Page ID #:4861

    LoanModificationTerms
    800 700 600 500 400 300 200 100 0 Rate P&I IntForgive Recap ARM Princ Forgive 0 LoanModificationTerms 424 424 686 718 653

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