FM SFLP.Zero Balance Code
From Open Risk Manual
Definition
Zero Balance Code: A code indicating the reason the loan's balance was reduced to zero or experienced a credit event, if applicable.
Notes
- 01 = Prepaid or Matured
- 02 = Third Party Sale
- 03 = Short Sale
- 06 = Repurchased
- 09 = Deed-in-Lieu; REO Disposition
- 15 = Notes Sales
- 16 = Reperforming Loan Sale
- 96 = Removal (non-credit event)
Applies to all CAS deals prior to and including 2015-C03:
- 97 = Delinquency (credit event due to D180)
- 98 = Other Credit Event.
The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 44
- Column Label: Zero_Bal_Code
- Data Type: Choice
- Data Maximum Length: X(3)
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
