Difference between revisions of "FM SFLP.Loan Holdback Indicator"
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== Definition == | == Definition == | ||
| − | <b>Loan Holdback Indicator</b> | + | <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) | + | * Y = Yes (current) |
| − | N = No (previously in loan hold but no longer in 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. | + | * 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]] | ||
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== Field Characteristics == | == Field Characteristics == | ||
* FM SFLP Field Index: 83 | * FM SFLP Field Index: 83 | ||
| + | * Column Label: LOAN_HOLDBACK_INDICATOR | ||
* Data Type: Choice | * Data Type: Choice | ||
* Data Maximum Length: X(1) | * Data Maximum Length: X(1) | ||
Latest revision as of 18:17, 17 January 2023
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
- 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: LOAN_HOLDBACK_INDICATOR
- Data Type: Choice
- Data Maximum Length: X(1)
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
