FM SFLP.Loan Holdback Indicator

From Open Risk Manual

Definition

Loan Holdback Indicator: An indicator that denotes if a loan has been moved temporarily into a ‘hold’ status to allow Fannie Mae to further evaluate unique situations that may otherwise result in a credit event or loan removal.

Such situations may include loans with reported data anomalies, loans currently in forbearance due to a natural disaster or loans refinanced under the High LTV program that will continue to be included in the reference pool.

Notes

  • Y = Yes (current)
  • N = No (previously in loan hold but no longer in loan hold status)
  • Null = Has not been classified under loan hold status.


The field belongs to the FM SFLP Template

Field Characteristics

  • FM SFLP Field Index: 83
  • Column Label: LOAN_HOLDBACK_INDICATOR
  • 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