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Are we required to ensure that 80% of the new modified Unpaid Principal Balance (UPB) will be paid off before the original maturity date?
Published 08/09/2012 02:31 PM |
Updated 08/09/2012 02:31 PM
The 80% rule is no longer listed for the loan modification requirement. Is this still applicable? Are we required to ensure that 80% of the new modified Unpaid Principal Balance (UPB) will be paid off before the original maturity date?