Industry Terminology: Forbearance vs. Deferment

During this novel coronavirus (“COVID-19”) pandemic, the Newrez family of companies is committed to helping our customers, including offering alternate payment programs as allowed by loan owners/inves...

Industry Terminology: Loan Modification

What is Loan Modification? Simply put, loan modification refers to any change or alteration that a lender makes to a loan. A loan modification could include a reduction in the interest rate, an increa...