Difference between revisions of "FM SFLP.Modification Flag"
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== Definition == | == Definition == | ||
| − | <b>Modification Flag</b>: An indicator that denotes if the | + | <b>Modification Flag</b>: An indicator that denotes if the [[Mortgage Loan]] has been [[Loan Modification | modified]]. |
== Notes == | == Notes == | ||
| − | Y = Yes | + | * Valid Values: |
| − | N = No | + | ** Y = Yes |
| − | + | ** N = No | |
| − | The Modification Flag will be set to | + | * 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. | |
| − | + | * 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: Boolean | * Data Type: Boolean | ||
* Data Maximum Length: X(1) | * Data Maximum Length: X(1) | ||
| + | * Temporal Classification: Performance | ||
| + | * Data Category: Forbearance | ||
| + | |||
| + | == 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 15:33, 17 May 2024
Contents
Definition
Modification Flag: An indicator that denotes if the Mortgage Loan has been modified.
Notes
- Valid Values:
- 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.
- 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)
- Temporal Classification: Performance
- Data Category: Forbearance
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
