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[C4.] Lucent and Lenders Modify Terms Lucent Technologies reached an agreement with its lenders to modify the terms of its $4 billion in bank loans.
Now, struggling with a much higher interest rate and in foreclosure, she wants to modify the terms of the loan.
Lucent Technologies reached an agreement with its lenders yesterday to modify the terms of its $4 billion in bank loans.
Bank regulators have been pushing loan servicers to modify the terms of more mortgages to avoid foreclosures.
Trying to act before foreclosure looms on her home, she has asked Countrywide to modify the terms of her loan.
Depending on your circumstances, your lender may even be willing to modify the terms of your loan entirely.
The CFPB has been focusing on helping existing borrowers refinance high-rate debt or modify the terms of their loans.
Among the features the plan should include is a provision allowing bankruptcy judges to modify the terms of home loans.
Modifying the terms of mortgages underlying mortgage bonds can change how much those bonds are worth.
Petitioners cannot modify the payment and interest terms for the unsecured component, as they propose to do, without also modifying the terms of the secured component.
And last week, the Treasury secretary, Henry M. Paulson Jr., asked lenders to help struggling borrowers by modifying the terms of their mortgages.
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