FM SFLP.Principal Forgiveness Amount

Definition

Principal Forgiveness Amount: A reduction of the Unpaid Principal Balance owed on a Mortgage Loan by a Borrower that is formally agreed to by the lender and the borrower, usually in conjunction with a Loan Modification.

Notes

The field belongs to the FM SFLP Template

Field Characteristics

• FM SFLP Field Index: 64
• Column Label: FORGIVENESS_AMOUNT
• Data Type: NUMERIC
• Data Maximum Length: 9(10).99
• Temporal Classification: Performance
• Data Category: Forbearance

Implementation

• openNPL repository

Learn More

• Mortgage Modeling Courses

Discuss

• Commons Mortgage Modeling Discussions
• Commons openNPL Discussions

Disclaimer

This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates