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Are mortgagees required to perform an escrow analysis when completing a Loan Modification?

April 26, 2017analysis completing escrow loan modification mortgagees perform

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Are mortgagees required to perform an escrow analysis when completing a Loan Modification?

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Yes, mortgagees are to perform a retroactive escrow analysis at the time the Loan Modification to ensure that the delinquent payments being capitalized reflect the actual escrow requirements required for those months capitalized.