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Loan Modification and REO Current Statistics

Modified Loans as of February 28, 2009

Modified Loans

2008

YTD 2009

Total

Dollar

 $     xxx,xxx

 $     xx,xxx

 $        xxx,xxx

Count

           x,xxx

            xxx

              x,xxx

Total SFR Loans

 $     x,xxx,xxx

Percentage of Loans Modified

xx%

 
Modification Re-Default after Six Months
First Fed Average xx.xx%
OTS and OCC Mortgage Survey xx.xx%

REO Update

February 2009

Count

Balance

Beginning of Month

xxx

$xxx,xxx,xxxx

Acquisitions

xx

xx.xxx.xxx

Charge Offs

 

-xx,xxx,xxxx

Sales

-xx

-xx,xxx,xxxx

End of Month

xxx

$xx,xxx,xxxx

 

 

 

Available for Sale

xxx

xx,xxx,xxxx

In Escrow

xxx

xx,xxx,xxxx9

 

 

 

In Escrow through March 9

xxx

xx,xxx,xxxx

Average days from REO to Sale

 

xxx

 

First Fed
Vision Statement

First Federal Bank of California is committed to providing quality community banking by exceeding our clients' expectations in a personalized, relationship-driven environment. Our committment to excellence is based on the Bank's investment in the development of each employee.