I'm in the process of modifying my mortgage on my home. My bank mentioned that to modify your mortgage that I will be hit with three 1x30 mortgage late payments during my trail period modification since the modified amount will be less than initial payment that i have been making. I currently have no mortgage delinquencies on my credit report. This will obviously affect my credit history. I understand that my modified term is less than my current payment, but the trail period modified amount is agreed upon with the bank and myself. Why should the bank be allowed to place three late payments even thought I'm not going to be technically delinquent on my payment? Is this legal?