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In 8 out of 19 cases where the specificity of terms was changed the community submitted term and curator chosen term were in a direct parent child relationship.
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The terms were changed in February after bondholders rejected the transaction.
With no deal and the indictment looming, the terms were changed.
By contrast, that rate was 15 to 23percentt for modifications that lowered payments, depending on which loan terms were changed.
Kip Penniman, a credit analyst with KDP Investment Advisors, said the offer would fail unless the terms were changed in bondholders' favor.
Lenders are already required to send a letter to consumers who are denied credit or whose existing terms were changed for the worse.
If a borrower's existing loan terms were changed for the worse, they would also receive a notice with a free copy of the score from their lender.
This week, the Office of the Comptroller of the Currency reported that more than half of at-risk borrowers whose loan terms were changed this year by banks, including JPMorgan Chase, Citigroup and Bank of America, had already redefaulted on their payments.
The agreements said that Countrywide Home Loans, a unit of Countrywide Financial, would buy back mortgages in the pools if their terms were changed to help borrowers remain current.
For this reason, also the pore water terms were changed (cases 6 10).
But UCITA lets terms be changed in the future and requires merely that the method of notification must not be "manifestly unreasonable".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com