Difference between revisions of "FM SFLP.Delinquent Accrued Interest"

From Open Risk Manual
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== Definition ==
 
== Definition ==
<b>Delinquent Accrued Interest</b>: The lost accrued interest amount calculated for a mortgage loan that becomes subject to a credit event for the corresponding reporting period.
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<b>Delinquent Accrued Interest</b>: The lost [[Accrued Interest]] amount calculated for a [[Mortgage Loan]] that becomes subject to a [[Credit Event]] for the corresponding reporting period.
  
 
== Notes ==
 
== Notes ==
Determination of delinquent accrued interest is defined in each of the individual CRT offering documents.   
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* Determination of delinquent accrued interest is defined in each of the individual CRT offering documents.   
 
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* This field will be populated based on the individual deal claims and reporting timeline after the disclosed Disposition Date of the mortgage loan or the subject property.
This field will be populated based on the individual deal claims and reporting timeline after the disclosed Disposition Date of the mortgage loan or the subject property.
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* The field belongs to the [[FM SFLP Template]]
 
 
The field belongs to the [[FM SFLP Template]]
 
  
 
== Field Characteristics ==
 
== Field Characteristics ==
 
* FM SFLP Field Index: 85
 
* FM SFLP Field Index: 85
* Column Label: DELINQUENT_ACCRUED_INTEREST
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* Column Label: ACCRUED_INTEREST
 
* Data Type: NUMERIC
 
* Data Type: NUMERIC
 
* Data Maximum Length: 9(10).99
 
* Data Maximum Length: 9(10).99

Revision as of 18:59, 16 May 2024

Definition

Delinquent Accrued Interest: The lost Accrued Interest amount calculated for a Mortgage Loan that becomes subject to a Credit Event for the corresponding reporting period.

Notes

  • Determination of delinquent accrued interest is defined in each of the individual CRT offering documents.
  • This field will be populated based on the individual deal claims and reporting timeline after the disclosed Disposition Date of the mortgage loan or the subject property.
  • The field belongs to the FM SFLP Template

Field Characteristics

  • FM SFLP Field Index: 85
  • Column Label: ACCRUED_INTEREST
  • 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