Difference between revisions of "FM SFLP.Mortgage Insurance Cancellation Indicator"
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== Definition == | == Definition == | ||
| − | <b>Mortgage Insurance Cancellation Indicator</b> | + | <b>Mortgage Insurance Cancellation Indicator</b>: An indicator that denotes if the mortgage insurance (MI) has been cancelled since origination. |
== Notes == | == Notes == | ||
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== Field Characteristics == | == Field Characteristics == | ||
* FM SFLP Field Index: 43 | * FM SFLP Field Index: 43 | ||
| + | * Column Label: MI_CANCEL_FLAG | ||
* Data Type: ALPHA-NUMERIC | * Data Type: ALPHA-NUMERIC | ||
* Data Maximum Length: X (2) | * Data Maximum Length: X (2) | ||
Revision as of 15:15, 17 January 2023
Definition
Mortgage Insurance Cancellation Indicator: An indicator that denotes if the mortgage insurance (MI) has been cancelled since origination.
Notes
Y = MI has been cancelled M = MI has not been cancelled NA = Never has MI
As of the October 2017 remittance period, the MI coverage status will continue to be populated for loans removed from a given reference pool. Prior to this remittance period, the MI Cancellation reflected “Null” for all loans upon removal. .
The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 43
- Column Label: MI_CANCEL_FLAG
- Data Type: ALPHA-NUMERIC
- Data Maximum Length: X (2)
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
