loan modification

collocation in English

meaningsofloanandmodification

These words are often used together. Click on the links below to explore the meanings. Or,see other collocations withmodificationorloan.
loan
noun
uk
/ləʊn/us
/loʊn/
an amount of money that is borrowed, often from a bank, and has to be paid back, usually together with an extra amount of money that you have to pay as a charge ...
See more atloan
modification
noun
uk
/ˌmɒd.ɪ.fɪˈkeɪ.ʃən/us
/ˌmɑː.də.fəˈkeɪ.ʃən/
a change to something, usually to ...
See more atmodification

(Definition ofloanandmodificationfrom theCambridge English Dictionary© Cambridge University Press)

Examplesofloan modification

These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
Loanmodificationcompanies can also inform homeowners of federal programs, which may be advantageous.
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Wikipedia
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This is further evidence that case-by-caseloanmodificationis not effective as a policy tool.
From
Wikipedia
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In order to expedite theloanmodificationprocess, homeowners may rely upon the services of a localloanmodificationcompany.
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Privately held mortgages will be eligible for other incentives, including a favorableloanmodificationfor five years.
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These all operate under the paradigm of one-at-a-time or case-by-caseloanmodification, as opposed to automated or systemicloanmodification.
From
Wikipedia
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Some lenders have offered troubled borrowers more favorable mortgage terms (i.e., refinancing,loanmodificationor loss mitigation).
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Charging fees before aloanmodificationis attempted is illegal and considered predatory.
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Wikipedia
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To date, far more borrowers have dropped out of the program (or were denied eligibility by servicers when, in fact, the homeowner qualified) than successfully achieved permanentloanmodification.
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Wikipedia
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Today he assists numerous national banks and mortgage investment firms in helping borrowers avoid foreclosure and maintain ownership of their homes through refinancing andloanmodificationstrategies.
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The same applies to foreclosures and to loan modifications in which principal is reduced.
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Settlement conferences do not produce formal dispositions but may facilitate loan modifications and stop foreclosure.
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Wikipedia
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Ocwen early on posted relative success in converting trial loan modifications to permanent ones, in part because it relied on verified income statements from borrowers rather than stated ones.
From
Wikipedia
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These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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