FM SFLP.Unscheduled Principal Current
From Open Risk Manual
Definition
Unscheduled Principal Current: The principal amount received in excess of the scheduled principal payment collected from the borrower by the servicer and reported to Fannie Mae for the corresponding reporting period.
Notes
The unscheduled principal amount may be affected by corrections of previously made errors related to principal payments..
The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 50
- Column Label: UNSCHD_PRNCPL_CURR
- 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
