Servicing Modification. Any reduction of the interest rate on or the outstanding principal balance of a Mortgage Loan, any extension of the final maturity date of a Mortgage Loan, and any increase to the outstanding principal balance of a Mortgage Loan by adding to the Stated Principal Balance unpaid principal and interest and other amounts owing under the Mortgage Loan, in each case pursuant to a modification of a Mortgage Loan that is in default, or for which, in the judgment of the Master Servicer, default is reasonably foreseeable in accordance with Section 3.07(a).
Servicing Modification. With respect to any Mortgage Loan that is in default or, in the reasonable judgment of the Master Servicer, as to which default is reasonably foreseeable, any modification which is effected by the Master Servicer in accordance with the terms of this Agreement which results in any change in the outstanding Stated Principal Balance, any change in the Mortgage Rate or any extension of the term of such Mortgage Loan.
Servicing Modification. Any reduction of the interest rate on or the outstanding principal balance of a Mortgage Loan that is in default or, in the judgment of the Master Servicer, default is reasonably foreseeable pursuant to a modification of such Mortgage Loan in accordance with Section 3.07(a).
Examples of Servicing Modification in a sentence
The Balance/Amount of Beginning Aggregate Scheduled Principal Balance of Liquidations/Charge-offs includes the Principal Portion of Servicing Modification Realized Losses.
Mortgage Rate: As to any Mortgage Loan, the interest rate borne by the related Mortgage Note, or any modification thereto other than a Servicing Modification.
Servicing Modification — Any modification of a mortgage loan which is effected by the Servicer in accordance with the terms of the Agreement.
Balance of matured loans is included in Scheduled Principal amount.The Balance/Amount of Beginning Aggregate Scheduled Principal Balance of Liquidations/Charge-offs includes the Principal Portion of Servicing Modification Realized Losses.
More Definitions of Servicing Modification
Servicing Modification. Any reduction of the Mortgage Rate on or the outstanding principal balance of a Mortgage Loan, any extension of the final maturity date of a Mortgage Loan, any increase to the Stated Principal Balance of a Mortgage Loan by adding to the Stated Principal Balance unpaid principal and interest and other amounts owing under the Mortgage Loan, any Principal Forbearance Amount and any other modification, in each case pursuant to a modification of a Mortgage Loan that is in default or for which, in the judgment of the Servicer of such Mortgage Loan, default is reasonably foreseeable in accordance with the related Servicing Agreement.
Servicing Modification. Any reduction of the Mortgage Interest Rate on or the outstanding principal balance of a Mortgage Loan, any extension of the final maturity date of a Mortgage Loan, any increase to the outstanding principal balance of a Mortgage Loan by adding to the Stated Principal Balance unpaid principal and interest and other amounts owing under the Mortgage Loan, any Principal Forbearance Amount and any other modification, in each case pursuant to a modification of a Mortgage Loan that is in default or for which, in the judgment of the Servicer, default is reasonably foreseeable in accordance with the Sale and Servicing Agreement.
Servicing Modification. With respect to any Mortgage Loan that is in default or with respect to which default is imminent or reasonably foreseeable or as otherwise set forth in Section 5.01, any modification which is effected by the Company in accordance with the terms of this Agreement that results in any change to the payment terms of the Mortgage Loan.
Servicing Modification. Any modification of a Mortgage Loan which is effected by the related Servicer in accordance with the terms of this Agreement or the related Servicing Agreement.
Servicing Modification. With respect to any Mortgage Loan that is in default or, in the reasonable judgment of the Master Servicer or any subservicer, as to which default is reasonably foreseeable, any modification which is effected by the Master Servicer or any subservicer in accordance with the terms of this Agreement or any applicable Subservicing Agreement which results in any change in the outstanding Stated Principal Balance, any change in the Mortgage Rate or any extension of the term of such Mortgage Loan.
Servicing Modification. Any reduction of the Note Rate on or the outstanding principal balance of a Mortgage Loan, any extension of the final maturity date of a Mortgage Loan, any increase to the outstanding principal balance of a Mortgage Loan by adding to the Stated Principal Balance unpaid principal and interest and other amounts owing under the Mortgage Loan, any Principal Forbearance Amount and any other modification, in each case pursuant to a modification of a Mortgage Loan that is in default or for which, in the judgment of the Servicer, default is reasonably foreseeable in accordance with the Purchase and Servicing Agreement. EXHIBIT D-3 INITIAL AUTHORIZED REPRESENTATIVES OF THE SERVICER Name Title Specimen Signature D-3 EXHIBIT F
Servicing Modification. Any modification of a Mortgage Loan which is effected by the Company in accordance with the terms of this Agreement.