Modifying an exsisting loan to better terms/lower payments. Currently loan mods are a way for a borrower of a home loan to negotiate the terms of there mortgage. Loan Modification officers are typically a third party out of work x-mortgage loan officer trying to continue to make easy money by being a middle man involved in financial transactions.
GD:"Mortgage re-financing is terrible right now,lending sucks".
Bova: I know,where the hell have you been, We are all doing "Loan Mods" right now until sub-prime comes back!
Bova: I know,where the hell have you been, We are all doing "Loan Mods" right now until sub-prime comes back!
by drummerg2 April 07, 2009
Get the "Loan Mods"mug. Chris: Hey i heard things are doing well for GD?
Glenn: Naw man ,didnt you hear,he has lost everything,he has flown "South for the Winter!"
Glenn: Naw man ,didnt you hear,he has lost everything,he has flown "South for the Winter!"
by drummerg2 April 07, 2009
Get the South for the Winter!mug.