Difference between revisions of "FM SFLP.Mortgage Insurance Cancellation Indicator"
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== Definition == | == Definition == | ||
<b>Mortgage Insurance Cancellation Indicator</b>: An indicator that denotes if the mortgage insurance (MI) has been cancelled since origination. | <b>Mortgage Insurance Cancellation Indicator</b>: An indicator that denotes if the mortgage insurance (MI) has been cancelled since origination. | ||
== Notes == | == Notes == | ||
| − | * Y = MI has been cancelled | + | * Valid Values: |
| − | * M = MI has not been cancelled | + | ** Y = MI has been cancelled |
| − | * NA = Never has MI | + | ** M = MI has not been cancelled |
| − | + | ** NA = Never has MI | |
| − | + | * As of the October 2017 remittance period, the MI coverage status will continue to be populated for loans removed from a given reference pool. Prior to this remittance period, the MI Cancellation reflected “Null” for all loans upon removal. . | |
| − | As of the October 2017 remittance period, the MI coverage status will continue to be populated for loans removed from a given reference pool. Prior to this remittance period, the MI Cancellation reflected “Null” for all loans upon removal. . | + | * The field belongs to the [[FM SFLP Template]] |
| − | |||
| − | The field belongs to the [[FM SFLP Template]] | ||
== Field Characteristics == | == Field Characteristics == | ||
| Line 18: | Line 15: | ||
* Data Type: ALPHA-NUMERIC | * Data Type: ALPHA-NUMERIC | ||
* Data Maximum Length: X (2) | * Data Maximum Length: X (2) | ||
| + | * 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 13:47, 17 May 2024
Contents
Definition
Mortgage Insurance Cancellation Indicator: An indicator that denotes if the mortgage insurance (MI) has been cancelled since origination.
Notes
- Valid Values:
- Y = MI has been cancelled
- M = MI has not been cancelled
- NA = Never has MI
- As of the October 2017 remittance period, the MI coverage status will continue to be populated for loans removed from a given reference pool. Prior to this remittance period, the MI Cancellation reflected “Null” for all loans upon removal. .
- The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 43
- Column Label: MI_CANCEL_FLAG
- Data Type: ALPHA-NUMERIC
- Data Maximum Length: X (2)
- 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
