FM SFLP.Zero Balance Code

Definition

Zero Balance Code: A code indicating the reason the loan's balance was reduced to zero or experienced a Credit Event, if applicable.

Notes

• Valid Values:
  • 01 = Prepaid or Matured
  • 02 = Third Party Sale
  • 03 = Short Sale
  • 06 = Repurchased
  • 09 = Deed-in-Lieu; REO Disposition
  • 15 = Notes Sales
  • 16 = Reperforming Loan Sale
  • 96 = Removal (non-credit event)
• Applies to all CAS deals prior to and including 2015-C03:
  • 97 = Delinquency (credit event due to D180)
  • 98 = Other Credit Event.
• The field belongs to the FM SFLP Template

Field Characteristics

• FM SFLP Field Index: 44
• Column Label: ZERO_BAL_CODE
• Data Type: Choice
• Data Maximum Length: X(3)
• Temporal Classification: Performance
• Data Category: Loan

Implementation

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Disclaimer

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