FM SFLP.Current Period Credit Event Net Gain or Loss
From Open Risk Manual
Definition
Current Period Credit Event Net Gain or Loss: The net realized gain or loss amount calculated for a mortgage loan resulting from a credit event for the corresponding reporting period.
Notes
- Determination of a credit event is defined in each of the individual CRT offering documents. A positive value indicates a net realized loss, and a negative value indicates a net realized gain. If the current period credit event net gain or loss is not applicable, the value will be blank.
- This field will be populated based on the individual deal claims and reporting timeline after the disclosed Disposition Date of the mortgage loan or the subject property.
- The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 77
- Column Label: CURR_EVENT_LOSS
- Data Type: NUMERIC
- Data Maximum Length: 9(10).99
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
