Definitions for "loan modification"
a change in any of the terms of the original note
a permanent change in one or more of the terms of a mortgagor's loan, allows the loan to be reinstated, and results in a payment the mortgagor can afford
a permanent change to your mortgage that may lower your payments and the delinquent payments may be added to the mortgage balance
a written agreement between you and your foreclosure attorney
a written agreement between you and your mortgage company