Mortgage Modification definition

Mortgage Modification means each amendment, amendment and restatement, supplement or modification in respect of each Existing Mortgage reasonably satisfactory to the Administrative Agent delivered pursuant to Section 4.01(b)(iv) or Section 6.15.

Mortgage Modification has the meaning set forth in the definition of Real Property Collateral Requirement.

Mortgage Modification means you change something about your loan to make your payments lower. Example: A lower interest rate will lower your payments. Example: “Extend the term” of the loan. You will pay the loan for a longer time, but it will reduce the amount of your monthly payments.

Examples of Mortgage Modification in a sentence

• The charge for the ALTA Residential Limited Coverage Mortgage Modification Policy shall be $150.00.

• The clerk shall serve notice of the mediator selection on the required parties using the MMM Local Form “Notice of Clerk’s Designation of Mortgage Modification Mediator”.

• Whenever the ALTA Residential Limited Coverage Mortgage Modification Policy is issued, the Underwriting Charge for this policy shall be based upon the following rates: Policy Liability Underwriting Charge $0 - $1,000,000……………………………..…....................

• For chapter 7 debtors] Notwithstanding that the Debtor may be eligible for entry of a discharge before the MMM process is completed, the Court shall delay issuance of the discharge until either an agreement is reached or the parties reach impasse as reflected in the Local Form "Final Report of Mortgage Modification Mediator".

• Andrew Haughwout, Ebiere Okah, and Joseph Tracy, Second Chances: Subprime Mortgage Modification and Re-Default, Federal Reserve Bank of New York Staff Report (Dec.

More Definitions of Mortgage Modification

Mortgage Modification shall have the meaning provided in Section 6.13.

Mortgage Modification has the meaning given that term in Section 6.1.(a)(xvii).

Mortgage Modification has the meaning set forth in Section 7.5(b).

Mortgage Modification has the meaning specified in Schedule 6.21.

Mortgage Modification is defined in Section 3.16(a).

Mortgage Modification means a modification agreement substantially in the form of Exhibit N with respect to each Mortgage in effect on the Fourth Amendment Effective Date, which will be executed by each Credit Party that executed a Mortgage on or prior to the Fourth Amendment Effective Date.

Mortgage Modification means a modification agreement substantially in the form of Exhibit P with respect to each Mortgage in effect on the Second Amendment Effective Date, which will be executed by each Credit Party that executed a Mortgage on or prior to the Second Amendment Effective Date.