Difference between revisions of "FM SFLP.Repurchase Make Whole Proceeds"

From Open Risk Manual
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== Definition ==
 
== Definition ==
<b>Repurchase Make Whole Proceeds</b>: Amounts received by Fannie Mae under the terms of our representation and warranty arrangements for the repurchase of the mortgage loan or the subject property or loss reimbursement subsequent to property disposition.
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<b>Repurchase Make Whole Proceeds</b>: Amounts received by Fannie Mae under the terms of our representation and warranty arrangements for the repurchase of the [[Mortgage Loan]] or the subject property or loss reimbursement subsequent to property disposition.
  
 
== Notes ==
 
== Notes ==
Includes make whole proceeds associated with mortgage loans that were part of a bulk settlement. This field will be populated after the disclosed disposition date of the mortgage loan or the subject property, as applicable, based on individual CRT deal claims and reporting timelines..
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* Includes make whole proceeds associated with mortgage loans that were part of a bulk settlement. This field will be populated after the disclosed disposition date of the mortgage loan or the subject property, as applicable, based on individual CRT deal claims and reporting timelines.
 
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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: 61
 
* FM SFLP Field Index: 61
* Column Label: REPURCHASES_MAKE_WHOLE_PROCEEDS
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* Column Label: MAKE_WHOLE_PROCEEDS
 
* Data Type: NUMERIC
 
* Data Type: NUMERIC
 
* Data Maximum Length: 9(10).99
 
* Data Maximum Length: 9(10).99

Revision as of 18:40, 16 May 2024

Definition

Repurchase Make Whole Proceeds: Amounts received by Fannie Mae under the terms of our representation and warranty arrangements for the repurchase of the Mortgage Loan or the subject property or loss reimbursement subsequent to property disposition.

Notes

  • Includes make whole proceeds associated with mortgage loans that were part of a bulk settlement. This field will be populated after the disclosed disposition date of the mortgage loan or the subject property, as applicable, based on individual CRT deal claims and reporting timelines.
  • The field belongs to the FM SFLP Template

Field Characteristics

  • FM SFLP Field Index: 61
  • Column Label: MAKE_WHOLE_PROCEEDS
  • 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