FM SFLP.Principal Forgiveness Amount
From Open Risk Manual
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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
- 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
