Difference between revisions of "FM SFLP.Loan Holdback Indicator"

From Open Risk Manual
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== Definition ==
 
== Definition ==
<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.  
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<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 forbearance due to a natural disaster or loans refinanced under the High LTV program that will continue to be included in the reference pool.
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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)
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* Valid Values:
* N = No (previously in loan hold but no longer in loan hold status)
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** Y = Yes (current)
* Null = Has not been classified under loan hold status.
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** N = No (previously in loan hold but no longer in loan hold status)
 
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** Null = Has not been classified under loan hold status.
 
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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: 83
 
* FM SFLP Field Index: 83
* Column Label: LOAN_HOLDBACK_INDICATOR
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* 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