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What date is utilized when determining the correct interest rate for a Loan Modification?

April 26, 2017determining Interest rate loan modification utilized

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What date is utilized when determining the correct interest rate for a Loan Modification?

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The date the Mortgagee approves the Loan Modification (all verification completed and servicing notes documented, reported to SFDMS) is the date that Mortgagees are to use in determining the interest rate.