FM SFLP.Current Period Credit Event Net Gain or Loss

Definition

Current Period Credit Event Net Gain or Loss: The net realized gain or loss amount calculated for a mortgage loan resulting from a credit event for the corresponding reporting period.

Notes

• Determination of a credit event is defined in each of the individual CRT offering documents. A positive value indicates a net realized loss, and a negative value indicates a net realized gain. If the current period credit event net gain or loss is not applicable, the value will be blank.
• 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: 77
• Column Label: CURR_EVENT_LOSS
• Data Type: NUMERIC
• Data Maximum Length: 9(10).99
• Temporal Classification: Performance
• Data Category: Forbearance

Implementation

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Disclaimer

This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates