Difference between revisions of "FM SFLP.Modification Flag"
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== Notes == | == Notes == | ||
| − | Y = Yes | + | * Y = Yes |
| − | N = No | + | * 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]] | The field belongs to the [[FM SFLP Template]] | ||
Latest revision as of 17:34, 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.
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
