FM SFLP.Modification Flag

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