FM SFLP.Current Period Credit Event Net Gain or Loss

Definition

Current Period Credit Event Net Gain or Loss: The net realized gain or loss amount calculated for a mortgage loan resulting from a credit event for the corresponding reporting period.

Notes

Determination of a credit event is defined in each of the individual CRT offering documents. A positive value indicates a net realized loss, and a negative value indicates a net realized gain. If the current period credit event net gain or loss is not applicable, the value will be blank.

This field will be populated based on the individual deal claims and reporting timeline after the disclosed Disposition Date of the mortgage loan or the subject property.

The field belongs to the FM SFLP Template

Field Characteristics

• FM SFLP Field Index: 77
• Column Label: CURRENT_PERIOD_CREDIT_EVENT_NET_GAIN_OR_LOSS
• Data Type: NUMERIC
• Data Maximum Length: 9(10).99

Disclaimer

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