Loan Modification Program definition

Loan Modification Program means any loan modification program that meets the criteria described in Exhibit C, 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.
View Source
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.
View Source
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.
View Source

Examples of Loan Modification Program in a sentence

  • For the avoidance of doubt, the Assuming Institution may propose exceptions to Exhibit 5 (the FDIC Loan Modification Program) for a group of Loans with similar characteristics, with the objectives of (1) minimizing the loss to the Assuming Institution and the FDIC and (2) maximizing the opportunity for qualified homeowners to remain in their homes with affordable mortgage payments.

  • For the avoidance of doubt, the Assuming Bank may propose exceptions to Exhibit 5 (the FDIC Loan Modification Program) for a group of Loans with similar characteristics, with the objectives of (1) minimizing the loss to the Assuming Bank and the FDIC and (2) maximizing the opportunity for qualified homeowners to remain in their homes with affordable mortgage payments.

  • 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 Permanent Loan Modification Program (PLMP) will provide a principal reduction with the added option of a rate decrease and/or term extension by the lender to achieve a monthly payment that does not exceed 31% of gross monthly household income.

  • The objective of this FDIC Mortgage Loan Modification Program (“Program”) is to modify the terms of certain residential mortgage loans so as to improve affordability, increase the probability of performance, allow borrowers to remain in their homes and increase the value of the loans to the FDIC and assignees.

  • Objective The objective of this FDIC Mortgage Loan Modification Program (“Program”) is to modify the terms of certain residential mortgage loans so as to improve affordability, increase the probability of performance, allow borrowers to remain in their homes and increase the value of the loans to the FDIC and assignees.

  • The Asset File includes all material documents, or copies thereof, in possession of Seller relating to the Loans except as otherwise expressly noted therein and except with respect to documents executed in connection with the Loan Modification Program, which documents shall be inserted in the Asset File when available.

  • One use example of this product would be to Please identify the individual who will be primarily responsible for all TIPS matters and inquiries for the duration of the contract.

  • Except with respect to (i) those matters set forth in the following sentence or (ii) as further described on Schedule 5.8(b) hereto or (iii) pursuant to the Loan Modification Program, Seller shall service and administer the Loans until the Closing Date in conformity with its past practices.

  • In this clause 17A.4 “Vaccines and Immunisations Catch-up Campaign” means a campaign which is aimed at maximising the uptake of a particular vaccine or immunisation by Patients who are eligible for it but have not received that vaccine or immunisation for any reason (other than a decision to refuse the vaccine or immunisation).

Related to Loan Modification Program

  • Loan Modification Agreement means a Loan Modification Agreement, in form reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Accepting Lenders, effecting one or more Permitted Amendments and such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.24.

  • CREFC® Loan Modification Report Template A report substantially in the form of, and containing the information called for in, the downloadable form of the “Loan Modification Report Template” available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

  • Loan Modification Offer has the meaning specified in Section 2.24(a).

  • CREFC® Assumption Modification Posting Instructions Template A report substantially in the form of, and containing the information called for in, the downloadable form of the “Assumption Modification Posting Instructions Template” available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

  • CREFC® Modification Posting Instructions Template A report substantially in the form of, and containing the information called for in, the downloadable form of the “Modification Posting Instructions Template” available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.