Difference between revisions of "FM SFLP.Current Actual UPB"
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== Definition == | == Definition == | ||
| − | <b>Current Actual UPB</b>: The current actual outstanding unpaid principal balance of a | + | <b>Current Actual UPB</b>: The current actual outstanding unpaid principal balance of a [[Mortgage Loan]], reflective of payments actually received from the related [[Borrower]]. |
== Notes == | == Notes == | ||
| − | For a mortgage loan that has been modified, the current actual UPB will be updated to reflect the modified terms, including principal forgiveness, if applicable. The current actual UPB will be reduced to zero in the month in which the loan is removed from the Reference Pool, as applicable. | + | * For a mortgage loan that has been [[Loan Modification | modified]], the current actual UPB will be updated to reflect the modified terms, including principal forgiveness, if applicable. The current actual UPB will be reduced to zero in the month in which the loan is removed from the Reference Pool, as applicable. |
| − | + | * Due to borrower privacy considerations, this value will be masked for the first six months of the life of the loan.. | |
| − | Due to borrower privacy considerations, this value will be masked for the first six months of the life of the loan.. | + | * The field belongs to the [[FM SFLP Template]] |
| − | |||
| − | The field belongs to the [[FM SFLP Template]] | ||
== Field Characteristics == | == Field Characteristics == | ||
| Line 15: | Line 12: | ||
* Data Type: NUMERIC | * Data Type: NUMERIC | ||
* Data Maximum Length: 9(10).99 | * Data Maximum Length: 9(10).99 | ||
| + | |||
| + | == See Also == | ||
| + | |||
| + | * [[FM SFLP.Original UPB]] | ||
== Disclaimer == | == Disclaimer == | ||
Revision as of 17:19, 16 May 2024
Definition
Current Actual UPB: The current actual outstanding unpaid principal balance of a Mortgage Loan, reflective of payments actually received from the related Borrower.
Notes
- For a mortgage loan that has been modified, the current actual UPB will be updated to reflect the modified terms, including principal forgiveness, if applicable. The current actual UPB will be reduced to zero in the month in which the loan is removed from the Reference Pool, as applicable.
- Due to borrower privacy considerations, this value will be masked for the first six months of the life of the loan..
- The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 12
- Column Label: CURRENT_UPB
- Data Type: NUMERIC
- Data Maximum Length: 9(10).99
See Also
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
