FM SFLP.Modification Flag
From Open Risk Manual
Definition
Modification Flag: An indicator that denotes if the Mortgage Loan has been modified.
Notes
- Valid Values:
- Y = Yes
- N = No
- The Modification Flag will be set to Y once a mortgage loan has been modified. Given the various mortgage loan modification programs available to borrowers, a mortgage loan could be modified more than once.
- Although the Modification Flag is already set to Y from the first modification, changes related to a subsequent modification will be reflected in the data.
- The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 42
- Column Label: MOD_FLAG
- Data Type: Boolean
- 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