Difference between revisions of "FM SFLP.Principal Forgiveness Amount"
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== Definition == | == Definition == | ||
| − | <b>Principal Forgiveness Amount</b> | + | <b>Principal Forgiveness Amount</b>: A reduction of the UPB owed on a mortgage by a borrower that is formally agreed to by the lender and the borrower, usually in conjunction with a loan modification. |
== Notes == | == Notes == | ||
| Line 8: | Line 8: | ||
== Field Characteristics == | == Field Characteristics == | ||
* FM SFLP Field Index: 64 | * FM SFLP Field Index: 64 | ||
| + | * Column Label: PRINCIPAL_FORGIVENESS_AMOUNT | ||
* Data Type: NUMERIC | * Data Type: NUMERIC | ||
* Data Maximum Length: 9(10).99 | * Data Maximum Length: 9(10).99 | ||
Revision as of 15:15, 17 January 2023
Definition
Principal Forgiveness Amount: A reduction of the UPB owed on a mortgage by a borrower that is formally agreed to by the lender and the borrower, usually in conjunction with a loan modification.
Notes
The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 64
- Column Label: PRINCIPAL_FORGIVENESS_AMOUNT
- Data Type: NUMERIC
- Data Maximum Length: 9(10).99
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
