FM SFLP.Loan Holdback Indicator
From Open Risk Manual
Definition
Loan Holdback Indicator: An indicator that denotes if a loan has been moved temporarily into a hold status to allow Fannie Mae to further evaluate unique situations that may otherwise result in a Credit Event or loan removal.
Such situations may include loans with reported data anomalies, loans currently in Forbearance due to a natural disaster or loans refinanced under the High LTV program that will continue to be included in the reference pool.
Notes
- Valid Values:
- Y = Yes (current)
- N = No (previously in loan hold but no longer in loan hold status)
- Null = Has not been classified under loan hold status.
- The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 83
- Column Label: HOLDBACK
- Data Type: Choice
- Data Maximum Length: X(1)
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
