It can digitize not just financial transactions, but virtually any contract, in a secure way that makes agreements, modifications to them and the parties to them much more transparent, permanent and enforceable.
At the news conference with Mr. Schäuble in Berlin, the Deutsche Bank chief executive, Josef Ackermann, said a French proposal was a basis for the German agreement, although modifications would be built into that plan.
Lenders sometimes call the process a "Consolidation, Extension or Modification Agreement," or "Modification, Extension, Consolidation Agreement".
Mike Heid, a president of Wells Fargo Home Mortgage, said the company would now send eligible customers a trial modification agreement within 48 hours of their initial contact.
The assignment process (a Consolidation, Extension and Modification Agreement) requires more time and paperwork than the usual practice of just paying off the old mortgage.
To avoid paying these taxes, New Yorkers may need to obtain a Consolidation Extension or Modification Agreement, or CEMA, to assign their old mortgage to a new lender.
DealBook » Nevada Weighs Mortgage Suit Against Bank of America | The attorney general of Nevada wants to end a loan modification agreement it struck with Bank of America, claiming the bank violated the terms of the deal.
On Aug. 19, she received a letter beginning with a single world: "Congratulations!" If she filled out two more copies of a new modification agreement and submitted them by Sept. 2, her new payment amount would be permanent, as of Oct. 1.
The attorney general of Nevada is accusing Bank of America of repeatedly violating a broad loan modification agreement it struck with state officials in October 2008 and is seeking to rip up the deal so that the state can proceed with a suit against the bank over allegations of deceptive lending, marketing and loan servicing practices.
Images of treated nylon and PES membranes indicate an increased number of pores, but of reduced diameter following plasma treatment, which is in agreement with the modification mechanism of plasma ablation (Figs. 5a vs. c and 6a vs. c).
