Restructured Loan

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Restructured Loan

A loan for which the parties have agreed to alter the terms, usually to make them more favorable to the borrower. For example, the borrower may restructure a loan to receive a lower interest rate or monthly payment. Restructured loans are most common if the borrower states that he/she can no longer afford payments under the old terms. For example, a borrower may have to accept a new job with less income, forcing a tighter budget.
References in periodicals archive ?
Provision coverage of NPLs only (which ignores the much larger renegotiated loan category) remained flat QoQ at 121%, as CoR decreased to 169bp, from 227bp in 4Q15 and 250bp a year ago.
Among the actions of the June 13, 2013 meeting of the SCNA Board of Directors: Information was shared about the newly renegotiated loan for the SCNA Building.
Very few Lane County residents that Howard has helped have closed a renegotiated loan under the federal program, she said.
are prohibited from paying a dividend under terms of their renegotiated loan agreements.
If your lender is, or can become comfortable with the belief that you can ultimately pay off the renegotiated loan, lenders may see that it is in their best interest to restructure your loan.
A high percentage of homes in default can be saved with renegotiated loan terms.
In addition to the renegotiated loan, the company announced that Jack Rosenzweig would remain as CEO of Humboldt Industries, a pet supply catalog retailer with its own order fulfillment operation and revenue estimated at better than $15 million a year.
decreased payment amounts or interest rate, increased loan term, change of ownership, change of payment method), how to convince lenders that the borrower can pay off the renegotiated loan, the importance of alerting lenders early that a workout is a possibility, the role and importance of the borrowers intellectual property, the importance of emphasizing the borrowers non-financial strengths (e.
The share of renegotiated loan portfolio remained stable at just over 17% of total loan portfolio in Q4 2015 relative to Q3 2015, reaching RUB3.
DIB's VR reflects the bank's underlying weak, but improving, asset quality, exposure to problem financing, sizeable loan concentrations and renegotiated loan book, and consequent vulnerability to event risk and potentially large losses.
The bank reported large restructured and renegotiated loan exposures--mainly linked to Dubai-based government-related entities--which represented about 11 per cent of its gross loans at year-end 2013.