FM SFLP.Alternative Delinquency Resolution
From Open Risk Manual
Definition
Alternative Delinquency Resolution: An indicator that denotes the loss mitigation solution designed to resolve delinquencies and help homeowners remain in their homes in accordance with the servicer’s contractual obligation, while allowing the loan to remain in the security.
Notes
Alternative Delinquency Resolution as of the respective reporting period
- P = payment deferral option
- C = payment deferral option specific to COVID-19
- D = payment deferral option specific to certain natural disaster related events
- 7 = Not Applicable
- 9 = Not Available.
The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 106
- Column Label: ADR_TYPE
- 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
