User:Tcsenter/Commercial mortgage modification

Commercial Mortgage Modification is the process by which a commercial mortgage is renegotiated between borrower and lender in order to mitigate losses of the mortgage holder when there is reasonably foreseeable or imminent default. Often a commercial mortgage can be modified if the mortgagor is a single entity like a bank, insurance company or individual. Servicers of securitized loans have contractual restraints that limited a (real estate mortgage investment conduit) REMIC's ability to modify commercial mortgages.1 