Difference between revisions of "FM SFLP.Loan Holdback Indicator"
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== Definition == | == Definition == | ||
− | <b>Loan Holdback Indicator</b>: An indicator that denotes if a loan has been moved temporarily into a | + | <b>Loan Holdback Indicator</b>: 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 | + | 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 == | == Notes == | ||
− | * Y = Yes (current) | + | * Valid Values: |
− | * N = No (previously in loan hold but no longer in loan hold status) | + | ** Y = Yes (current) |
− | * Null = Has not been classified under loan hold status. | + | ** 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]] | |
− | The field belongs to the [[FM SFLP Template]] | ||
== Field Characteristics == | == Field Characteristics == | ||
* FM SFLP Field Index: 83 | * FM SFLP Field Index: 83 | ||
− | * Column Label: | + | * Column Label: HOLDBACK |
* Data Type: Choice | * Data Type: Choice | ||
* Data Maximum Length: X(1) | * Data Maximum Length: X(1) |
Revision as of 18:57, 16 May 2024
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
- Valid Values:
- 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: HOLDBACK
- 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