Delinquency Reporting. The Loss Mit Type field should show the approved Loss Mitigation Code as follows: · ASUM- Approved Assumption · BAP- Borrower Assistance Program · CO- Charge Off · DIL- Deed-in-Lieu · FFA- Formal Forbearance Agreement · MOD- Loan Modification · PRE- Pre-Sale · SS- Short Sale · MISC- Anything else approved by the PMI or Pool Insurer NOTE: Xxxxx Fargo Bank will accept alternative Loss Mitigation Types to those above, provided that they are consistent with industry standards. If Loss Mitigation Types other than those above are used, the Servicer must supply Xxxxx Fargo Bank with a description of each of the Loss Mitigation Types prior to sending the file. The Occupant Code field should show the current status of the property code as follows: · Mortgagor · Tenant · Unknown · Vacant The Property Condition field should show the last reported condition of the property as follows: · Damaged · Excellent · Fair · Gone · Good · Poor · Special Hazard · Unknown
Delinquency Reporting. The Loss Mit Type field should show the approved Loss Mitigation Code as follows:
Delinquency Reporting. The Loss Mit Type field should show the approved Loss Mitigation Code as follows: • ASUM- Approved Assumption • BAP- Borrower Assistance Program • CO- Charge Off • DIL- Deed-in-Lieu • FFA- Formal Forbearance Agreement • MOD- Loan Modification • PRE- Pre-Sale • SS- Short Sale • MISC- Anything else approved by the PMI or Pool Insurer NOTE: Xxxxx Fargo Bank will accept alternative Loss Mitigation Types to those above, provided that they are consistent with industry standards. If Loss Mitigation Types other than those above are used, the Servicer must supply Xxxxx Fargo Bank with a description of each of the Loss Mitigation Types prior to sending the file. The Occupant Code field should show the current status of the property code as follows: • Mortgagor • Tenant •
Delinquency Reporting. The Loss Mit Type field should show the approved Loss Mitigation Code as follows: · ASUM- Approved Assumption · BAP- Borrower Assistance Program · CO- Charge Off · DIL- Deed-in-Lieu · FFA- Formal Forbearance Agreement · MOD- Loan Modification · PRE- Pre-Sale · SS- Short Sale · MISC- Anything else approved by the PMI or Pool Insurer
Delinquency Reporting. Installments Delinquent ----------------------------------------------------------------------------------------------------- Real Total Total No. Total No. In Estate Dollar of of 30- 60- 90 or more Foreclosur Owned Amount of Loans Delinquencies Days Days Days (Optional) (Optional) Delinquencies ----------------------------------------------------------------------------------------------------- 0 0 0 0 0 0 0 $0.00 -----------------------------------------------------------------------------------------------------
Delinquency Reporting. The items noted in the standard loan servicing requirements for both ABL and Mezzanine/Subordinated Debt loans will be tracked as part of the Company’s MIS system. Delinquency reports will be accumulated periodically to be reviewed with the Credit Committee.. CREDIT/UNDERWRITING FILES VII-1 INSURANCE VII-2 UCC FILINGS VII-3 TAX PAYMENTS VII-4 NOTIFICATIONS LETTERS VII-7 In general, two sets of files should be retained for each account. Credit files will be retained by the loan administration areas for each business group. Legal files will be retained by the legal department. Underwriting reports and associated work papers are stored electronically on the LAN. All original underwriting files are to be maintained by loan administration. This file will contain the original approval sheet, credit write-up, etc. Please refer to underwriting section for the contents of this file. It is important that the original file be maintained as a reference point for closing, amendments in the future, etc. For each customer, a separate legal file is to be maintained. This file should contain all of the loan agreements, (including all amendments, waivers, extensions, consents, etc.) notes, insurance information, UCC filings, open items lists and legal correspondence. For each account, a separate credit file is to be maintained. This file should be as comprehensive as possible so that a trail of activity for each customer is recorded. The following items are to be maintained in each credit file: Approval forms for any amendments, overadvances, overlines, forbearance agreements, etc. Call reports or memorandums recording client visits. Correspondence Any retention memos or strategy memos. Financial statements (last thirteen monthly and latest year-end). Personal Financial Statements of Guarantors if applicable. Industry studies, articles, research, newspaper clippings, etc. Latest appraisal Credit agency report on Customer/Principals Prior to closing a new loan, and on all existing loans, where real property, inventory, equipment, machinery, furniture & fixtures and any other insurable assets are taken as collateral on a first priority basis, the loan officer has responsibility for determining that adequate property insurance is in force and is maintained.
Delinquency Reporting. INSTALLMENTS DELINQUENT PREPAYMENT PENALTY AMT PAID BY SERVICER 0 $0.00 PREPAYMENT PENALTY PAID BY BORROWER 0 $0.00 DELINQUENCY P&I AMOUNT 0 $0.00 CORPORATE ADVANCE AMOUNT 0 $0.00 ESCROW ADVANCE AMOUNT 0 $0.00 EXHIBIT 2: MONTHLY SUMMARY REPORT BY SINGLE INVESTOR MONTHLY SUMMARY REPORT For Month Ended: mm/dd/yyyy Servicer Name __________________________ Prepared by: ________________________ Investor Nbr ___________________________
SECTION 1. REMITTANCES AND ENDING BALANCES - REQUIRED DATA Beginning Ending Total Monthly Total Ending Unpaid Total Monthly Principal Loan Count Loan Count Remittance Amount Principal Balance Balance ---------- ---------- ----------------- ------------------- ----------------------- 0 0 $0.00 $0.00 $0.00 PRINCIPAL CALCULATION 1. Monthly Principal Due + $0.00 2. Current Curtailments + $0.00
SECTION 2. DELINQUENCY REPORT - OPTIONAL DATA FOR LOAN ACCOUNTING INSTALLMENTS DELINQUENT
Delinquency Reporting. The Loss Mit Type field should show the approved Loss Mitigation Code as follows: • ASUM- Approved Assumption • BAP- Borrower Assistance Program • CO- Charge Off • DIL- Deed-in-Lieu • FFA- Formal Forbearance Agreement • MOD- Loan Modification • PRE- Pre-Sale • SS- Short Sale • MISC- Anything else approved by the PMI or Pool Insurer NOTE: Wxxxx Fargo Bank will accept alternative Loss Mitigation Types to those above, provided that they are consistent with industry standards. If Loss Mitigation Types other than those above are used, the Servicer must supply Wxxxx Fargo Bank with a description of each of the Loss Mitigation Types prior to sending the file. The Occupant Code field should show the current status of the property code as follows: • Mortgagor • Tenant • Unknown • Vacant The Property Condition field should show the last reported condition of the property as follows: • Damaged • Excellent • Fair • Gone • Good • Poor • Special Hazard • Unknown The FNMA Delinquent Reason Code field should show the Reason for Delinquency as follows: 001 FNMA-Death of principal mortgagor 002 FNMA-Illness of principal mortgagor 003 FNMA-Illness of mortgagor’s family member 004 FNMA-Death of mortgagor’s family member 005 FNMA-Marital difficulties 006 FNMA-Curtailment of income 007 FNMA-Excessive Obligation 008 FNMA-Abandonment of property 009 FNMA-Distant employee transfer 011 FNMA-Property problem 012 FNMA-Inability to sell property 013 FNMA-Inability to rent property 014 FNMA-Military Service 015 FNMA-Other 016 FNMA-Unemployment 017 FNMA-Business failure 019 FNMA-Casualty loss 022 FNMA-Energy environment costs 023 FNMA-Servicing problems 026 FNMA-Payment adjustment 027 FNMA-Payment dispute 029 FNMA-Transfer of ownership pending 030 FNMA-Fraud 031 FNMA-Unable to contact borrower INC FNMA-Incarceration
Delinquency Reporting. On a monthly basis, Subservicer will provide standard reporting required by the Guide for all HSA Loans that are thirty (30) or more days delinquent, in form and substance satisfactory to Xxxxxx Xxx.
Delinquency Reporting. NATIONWIDE will notify CUSTOMER whenever real property taxes as levied by the applicable County taxing agency are delinquent, at least on an annual basis. This information provided is obtained from County records and NATIONWIDE cannot be held responsible or liable for County accuracy. NATIONWIDE is not responsible for reporting Tax status on Contracts classified as Personal Property.
