accountduring the remainder of 2009. We also expect that our Mortgage Servicing segment could be positively impacted by loan...
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LOAN MODIFICATION
A loan modification is a modification to the terms of an existing loan made by a lender in response to a borrower’s long-term inability to repay the loan. Loan modifications typically involve a reduction in the principal balance, interest rate, or an extension of the terms. In some cases, loan modification involves securing a different type of loan or any combination of the three.
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mortgages. The Treasury on Monday signed up Carrington Mortgage Services to participate in the Obama administration's...
years. In mid-January, she said, the lender told her it had canceled the foreclosure and worked out a loan modification.
lending programs. He expects them to increase their activities in reaction to currently lower rates, refinance...
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