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From: Mayer, Jerrold H Sent: Wednesday, December 11, 2013 2:13 PM To: \'SFHOUSINGCOUNSELINGL@hudlist.hud.gov\' Subject: CFPB Webinar: Help for Struggling Borrowers: A Stepsister Guide to the new CFPB
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What is weve updated our mortgage?
It means making changes or revisions to the terms of a mortgage agreement.
Who is required to file weve updated our mortgage?
The borrower or homeowner who holds the mortgage is required to update it.
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The purpose of updating a mortgage is to reflect any changes in the terms, conditions, or interest rates of the loan.
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The updated mortgage should include details of the changes made, such as new interest rates, payment amounts, or loan terms.
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