CA DEPT HOUSING & C.D. 3 - 2005 - Laserfiche WebLink

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For maintenance of HOME direct depository account, a fee of $84.00 per month will be charged. For re-issuing of checks/stoP payment of checks due to actions of the City or payee, a fee of $25.00 per check will be charged. Discounts on large scale projects for Levels 2 through 4: a) For project amounts between $100,000 and $250,000: a 30% discount applied on the standard rate on the amount over $100,000. b) For project amounts between $250,'000 and $500,000: a 40% discount applied on the standard rate on the amount over $250,000. c) For projects over $500,000: a 50% discount applied on the standard rate on the amount over $500,000. I. LOAN PORTFOLIO MANAGEMENT (AqenoV shall choose 1 of 2 ootions) 1) Amortized: One time loan set-up fee of $25.00 per loan plus 1/24 of 1% per month of original principal loan amount per month with a minimum fee of $6.75 and maximum fee of $15.25. Impounding of taxes and insurance is included with service at no additional cost except for one time ta:: service fee of $55.00. Monitoring of taxes and insurance is included with service at no additional cost except a one time tax service fee of $55.00. 2) A one time set-up fee of $25.00 per loan plus ]/8 of 1% of the City's total current portfolio principal balance with no minimum or maximum rate per loan. J. LOAN FORBEARANCE SERVICES A one time charge of $150.00 for each loan for which USE provides forbearance services. ., K. FORECLOSURE A one time charge of $150.00 to transfer note ownership and prepare documents to commenoe foreclosure proceedings and to manage the foreolosure process on behalf of the Agency. In addition to the above foreclosure servioe fee, USE shall be reimbursed for other costs incurred in the foreclosure process such as, but not limited to, conventional legal fees, sheriffs' deposits, bankruptcy closing costs, fees set by law, etc. These fees will be aocurately quoted on a oase-by-case