Loan Modification definition

Loan Modification means, for compensation or

Loan Modification shall have the meaning specified in Section 10.02(b).

Loan Modification means, for compensation or gain, either directly or indirectly offering or negotiating on behalf of a borrower or homeowner to adjust the terms of a residential mortgage loan in a manner not provided for in the original or previously modified mortgage loan.

Examples of Loan Modification in a sentence

• The Servicer shall provide to the Special Servicer notice of all Borrower requests related to any Whole Loan modification or assumption and, so long as no Consultation Termination Event is continuing, the Special Servicer shall forward such notice to the Directing Certificateholder.

• That amount will become due when the loan is refinanced, at the end of the loan term, or when the house is sold.● Loan modification: This option changes one or more terms of the loan to bring the loan current.

• Prior to adopting this new guidance, as it relates to interest rate concessions granted as part of our Private Education Loan modification program, a discounted cash flow model was used to calculate the amount of interest forgiven for loans that were in the program and the present value of that interest rate concession was included as a part of the allowance for loan loss.

• Use of real property to satisfy plan obligations:☐ Sale of real property Description:Proposed date for completion: ☐ Refinance of real property: Description:Proposed date for completion: ☐ Loan modification with respect to mortgage encumbering property: Description:Proposed date for completion: d.

• Except as provided in Part V, Chapter 7: Non-Performing Mortgage Loans, Section 711.04D: Modification, Extension, and Forbearance Fees with respect to modification, extension and forbearance fees, and any fees required by Fannie Mae in connection with a Triggering Modification, no other fees required by Fannie Mae in connection with a Mortgage Loan modification, extension or forbearance shall be split between the Lender and Fannie Mae.

More Definitions of Loan Modification

Loan Modification means, with respect to a Mortgage Loan, a change in the terms of such Mortgage Loan or the valuation of the property covered by the relevant Mortgage ordered by a bankruptcy court in a case filed under Chapter 7, 11 or 13 of the federal Bankruptcy Code.

Loan Modification means, with respect to any Loan, any waiver, modification or variance of any term or any consent to the postponement of strict compliance with any term or any other grant of an indulgence or forbearance to the related Borrower in accordance with the Accepted Servicing Practices pursuant to Section 3.1.

Loan Modification has the meaning set forth in Section 5.1.9.

Loan Modification has the meaning specified in Section 10.01.

Loan Modification means a temporary or permanent change to the terms of a borrower's existing mortgage loan agreement, mutually agreed to between a borrower and a lender.

Loan Modification. Any amendment, restatement, supplement, waiver or other modification to any Underlying Instrument with respect to any Loan.

Loan Modification means a permanent change in one or more of the terms of an existing mortgage, deed of trust, or equivalent security instrument while the existing promissory note and the mortgage or deed of trust will remain intact.