Difference between revisions of "FM SFLP.Current Period Credit Event Net Gain or Loss"
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== Definition == | == Definition == | ||
| − | <b>Current Period Credit Event Net Gain or Loss</b> | + | <b>Current Period Credit Event Net Gain or Loss</b>: The net realized gain or loss amount calculated for a mortgage loan resulting from a credit event for the corresponding reporting period. |
== Notes == | == 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 | + | 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]] | The field belongs to the [[FM SFLP Template]] | ||
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== Field Characteristics == | == Field Characteristics == | ||
* FM SFLP Field Index: 77 | * FM SFLP Field Index: 77 | ||
| + | * Column Label: CURRENT_PERIOD_CREDIT_EVENT_NET_GAIN_OR_LOSS | ||
* Data Type: NUMERIC | * Data Type: NUMERIC | ||
* Data Maximum Length: 9(10).99 | * Data Maximum Length: 9(10).99 | ||
Revision as of 18:15, 17 January 2023
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: CURRENT_PERIOD_CREDIT_EVENT_NET_GAIN_OR_LOSS
- 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
