Credit Evaluation School Instructor eBook - Oct 2023

Internal Use Only

Talbot, Robert – Pass Person: Middle manager with Yellow Transit, spouse is RN currently seeking employment. Recently relocated to area. Purpose: Purchase home following relocation. Payment: Monthly payments of 1,923 required on 275M note, 30 year amortization. Protection: First REM covering the primary residence. PP of 345M, so currently at 79.27%. Seller financed 20M

which has been subordinated to bank’s REM. Borrower made 50M downpayment. Performance: Paying as agreed for nearly one year since inception, no late payments.