Difference between revisions of "FM SFLP.Loan Holdback Indicator"
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| + | == 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. | ||
| − | + | 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) | ||
| + | * Temporal Classification: Performance | ||
| + | * Data Category: Loan | ||
| + | |||
| + | == Implementation == | ||
| + | * [https://github.com/open-risk/openNPL openNPL repository] | ||
| + | |||
| + | == Learn More == | ||
| + | * [https://www.openriskacademy.com/course/index.php?categoryid=37 Mortgage Modeling Courses] | ||
| + | |||
| + | == Discuss == | ||
| + | * [https://www.openriskcommons.org/c/academy/mortgage-modeling/35 Commons Mortgage Modeling Discussions] | ||
| + | * [https://www.openriskcommons.org/c/open-source/opennpl/13 Commons openNPL Discussions] | ||
== Disclaimer == | == Disclaimer == | ||
Latest revision as of 14:13, 17 May 2024
Contents
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)
- Temporal Classification: Performance
- Data Category: Loan
Implementation
Learn More
Discuss
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
