Difference between revisions of "FM SFLP.Modification Flag"
From Open Risk Manual
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== Definition == | == Definition == | ||
| − | <b>Modification Flag</b> | + | <b>Modification Flag</b>: An indicator that denotes if the mortgage loan has been modified. |
== Notes == | == Notes == | ||
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== Field Characteristics == | == Field Characteristics == | ||
* FM SFLP Field Index: 42 | * FM SFLP Field Index: 42 | ||
| + | * Column Label: MOD_FLAG | ||
* Data Type: Boolean | * Data Type: Boolean | ||
* Data Maximum Length: X(1) | * Data Maximum Length: X(1) | ||
Revision as of 15:15, 17 January 2023
Definition
Modification Flag: An indicator that denotes if the mortgage loan has been modified.
Notes
Y = Yes N = No
The Modification Flag will be set to “Y” once a mortgage loan has been modified. Given the various mortgage loan modification programs available to borrowers, a mortgage loan could be modified more than once. Although the Modification Flag is already set to “Y” from the first modification, changes related to a subsequent modification will be reflected in the data.
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The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 42
- Column Label: MOD_FLAG
- Data Type: Boolean
- 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
