Difference between revisions of "FM SFLP.Zero Balance Code"
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== Notes == | == Notes == | ||
| − | 01 = Prepaid or Matured | + | * 01 = Prepaid or Matured |
| − | 02 = Third Party Sale | + | * 02 = Third Party Sale |
| − | 03 = Short Sale | + | * 03 = Short Sale |
| − | 06 = Repurchased | + | * 06 = Repurchased |
| − | 09 = Deed-in-Lieu; REO Disposition | + | * 09 = Deed-in-Lieu; REO Disposition |
| − | 15 = Notes Sales | + | * 15 = Notes Sales |
| − | 16 = Reperforming Loan Sale | + | * 16 = Reperforming Loan Sale |
| − | 96 = Removal (non-credit event) | + | * 96 = Removal (non-credit event) |
| + | |||
Applies to all CAS deals prior to and including 2015-C03: | Applies to all CAS deals prior to and including 2015-C03: | ||
| − | 97 = Delinquency (credit event due to D180) | + | * 97 = Delinquency (credit event due to D180) |
| − | 98 = Other Credit Event. | + | * 98 = Other Credit Event. |
| + | |||
The field belongs to the [[FM SFLP Template]] | The field belongs to the [[FM SFLP Template]] | ||
Revision as of 16:52, 17 January 2023
Definition
Zero Balance Code: A code indicating the reason the loan's balance was reduced to zero or experienced a credit event, if applicable.
Notes
- 01 = Prepaid or Matured
- 02 = Third Party Sale
- 03 = Short Sale
- 06 = Repurchased
- 09 = Deed-in-Lieu; REO Disposition
- 15 = Notes Sales
- 16 = Reperforming Loan Sale
- 96 = Removal (non-credit event)
Applies to all CAS deals prior to and including 2015-C03:
- 97 = Delinquency (credit event due to D180)
- 98 = Other Credit Event.
The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 44
- Column Label: Zero_Bal_Code
- Data Type: Choice
- Data Maximum Length: X(3)
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
