Sentence examples for modify payments from inspiring English sources

Because the principal balance determines payments for the life of the loan, in effect Treasury is asking lenders to modify payments for the life of the loan and not just five to seven years.

In order for the clearing systems to work, the Treasury would need to notify the market of a default almost a day before the default happened (to give everyone time to modify payments), and that is not going to happen because the Treasury will not want to declare default while Congress still has time to pass a bill.

Under current law, alimony payers may try to modify payments if the recipient is cohabiting, but proving it is a nearly impossible standard.

To answer these questions we exploit a unique experiment whereby, after January 1 , 2013 newly issued sovereign bonds of Eurozone countries under domestic law had to include Collective Action Clauses (CACs) specifying the minimum vote needed to modify payment terms.

Modifications went to those who came up with the right income number, neither too high to qualify nor too low to be likely to meet the modified payments.

Fewer than 900,000 homeowners are making modified payments, which are typically $500 lower than before the modification.

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Modification decisions, when made correctly, were based on hard economic data, such as whether an applicant had a job and could afford modified payments — not moral grounds.

This is reserved, however, for borrowers who can demonstrate a long-term ability to meet the modified payment terms.

Though complaints by consumers when their servicing is switched from one company to another have been commonplace for years, investigators found that some servicers mistreated customers whose loans had modified payment terms.

Tell your creditors why you are struggling and ask them to work out a modified payment plan so that your payments are more manageable.