FM SFLP.Mortgage Insurance Cancellation Indicator
From Open Risk Manual
Definition
Mortgage Insurance Cancellation Indicator: An indicator that denotes if the mortgage insurance (MI) has been cancelled since origination.
Notes
- Y = MI has been cancelled
- M = MI has not been cancelled
- NA = Never has MI
As of the October 2017 remittance period, the MI coverage status will continue to be populated for loans removed from a given reference pool. Prior to this remittance period, the MI Cancellation reflected “Null” for all loans upon removal. .
The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 43
- Column Label: MI_CANCEL_FLAG
- Data Type: ALPHA-NUMERIC
- Data Maximum Length: X (2)
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
