Which of the following is the primary reason that a mortgage lender may allow a rate modification to an existing mortgage holder with a fixed-rate mortgage?

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The primary reason a mortgage lender may allow a rate modification is to retain the borrower as a customer. If the borrower can obtain a more favorable mortgage from another lender, the original lender risks losing the loan altogether. By modifying the rate, the lender can prevent the borrower from refinancing elsewhere, thus maintaining the loan within their portfolio.

Which of the Following Is the Primary Reason That a Mortgage