Modification
Last updated 2026-08-01
Fannie Mae
Updated 2026-08-01
The act of changing any of the terms of the mortgage by agreement between the borrower and the note holder.
Fannie Mae Glossary of Terms
Fannie Mae · pp. 31–34
FTC
Updated 2026-08-01
Any change to the terms of a mortgage loan, including changes to the interest rate, loan balance, or loan term.
FTC Real Estate Terms
FTC · pp. 12–13
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