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#1649699 - 01/11/12 09:21 PM Deferral 2nd on Home
cbinder63 Offline

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cbinder63
Joined: Dec 2001
Posts: 674
Colorado
We have a customer that would like to have a deferral of payments on their mortgage loan. We have a 2nd on the home.
Can a modification of terms take place? What would be the prudent process?

Thanks
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Lending Compliance
#1649745 - 01/11/12 10:13 PM Re: Deferral 2nd on Home cbinder63
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,363
Galveston, TX
What would be the prudent process?

Only the bank can decide that based on all the circumstances.
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