Loan Modification Program definition

Loan Modification Program means any loan modification program that meets the criteria described in Exhibit E, as the same may be modified either (i) by the FDIC upon written notice to the Company of such modification, or (ii) as proposed by the Company with respect to a group of Loans with similar characteristics, if approved in writing by the FDIC.
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Loan Modification Program means the Signature Multifamily Mortgage Loan Modification Program more fully described in Exhibit C, as may be amended, supplemented or modified by the FDIC from time to time.
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Loan Modification Program means the FDIC Loan Modification Program promulgated by the FDIC, as may be amended, supplemented or modified from time to time, as more fully described in Exhibit C.
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Examples of Loan Modification Program in a sentence

  • All capitalized terms which are used in this document are used and defined as in the Loan Modification Program adopted by this Court.

  • For each Single Family Shared-Loss Loan in default or for which a default is reasonably foreseeable, the Assuming Bank shall undertake reasonable and customary loss mitigation efforts, in accordance with Exhibit 5, FDIC Mortgage Loan Modification Program.

  • The following mandatory language must be used: The Debtor may enter the Loan Modification Program adopted by this Court which could result in a modification of a loan secured by real property in which the Debtor owns an interest or in other loss mitigation solutions, including, without limitation, loan refinance, forbearance, short sale, or surrender of the real property in full or partial satisfaction of the debt secured by the real property.

  • Read this section carefully since these definitions and provisions apply throughout this Loan Modification Program: Additional Parties – Any non-Debtor entity whose participation in the LMM may be necessary or desirable, including any non-Debtor co-obligor or co-borrower on the Eligible Loan; any non- Debtor entity with an ownership interest in the Eligible Property; any creditor with a lien on the Eligible Property, other than the Lender; and any other third party.

  • Loan Modification Program or LMP – The procedures, obligations, duties and deadlines set out herein.

  • The goal of the Loan Modification Program is to facilitate communication between the parties; provide for the confidential exchange of information and documents; and to encourage the parties to finalize a feasible, consensual, and beneficial loan modification.

  • A separate Document Preparation Software Fee shall be collected by the Portal Provider for each Eligible Loan submitted to the Loan Modification Program.

  • This Loan Modification Program (also “LMP”) is adopted to provide a uniform procedure to allow Chapter 13 Debtors, Lenders, and other parties to negotiate a potential modification of an Eligible Loan.

  • Loan Modification Program (“LMP”): the Loan Modification Program may offer permanent modifications to borrowers who meet the eligibility criteria below.

  • The HSBC Parties may offer the Loan Modification Program to modify first liens of borrowers in the owned loan portfolios of the HSBC Parties and their affiliates (the “Loan Portfolio”) who meet the LMP Eligibility Criteria.