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.
Sample 1Sample 2
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.
Sample 1
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.
Sample 1

Examples of Loan Modification Program in a sentence

  • 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.

  • 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.

  • Ultimately, the trial court declined to allow Mr. Peterson to call Ms. Skopp to the stand as a defense witness on the basis that the questioning would violate the attorney-client privilege of Mr. Hughes.The information that Mr. Peterson sought to elicit from Ms. Skopp changed over the course of the proceedings, as did the evidentiary privileges and principles that applied to each iteration.

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

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

  • 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.

  • 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.

  • 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.

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.

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

  • Modification Guidelines has the meaning provided in Section 2.1(a) of this Single Family Shared-Loss Agreement.

  • Material Modification means any modification to an Interconnection Request that has a material adverse effect on the cost or timing of Interconnection Studies related to, or any Network Upgrades or Local Upgrades needed to accommodate, any Interconnection Request with a later Queue Position.