Common use of Description of Action Codes Clause in Contracts

Description of Action Codes. Action Code 12- To report a Securitized Loan for which the Borrower has been granted relief for curing a delinquency. Action Code 15 - To report a borrower filing bankruptcy and for all active bankruptcies. Action Code 20 - To report that the Borrower has agreed to some form of loss mitigation/workout. Examples of these include Short Sale, Deed-in-Lieu of Foreclosure, Formal Forbearance Agreements, Modifications, etc. Action Code 30 - To report a loan that has been referred to attorney for foreclosure. Action Code 60 - To report that a Securitized Loan has been paid in full either at, or prior to, maturity. Action Code 65- To report that the Servicer is repurchasing the Securitized Loan. Action Code 70 -To report that a Securitized Loan has been foreclosed or a deed-in-lieu of foreclosure has been accepted, and the Servicer, on behalf of the owner of the Securitized Loan, has acquired the property and may dispose of it. Action Code 71 -To report that a Securitized Loan has been foreclosed and a third party acquired the property, or a total condemnation of the property has occurred. Action Code 72 -To report that a Securitized Loan has been foreclosed, or a deed-in-lieu has been accepted, and the property may be conveyed to the mortgage insurer and the pool insurance claim has been filed. Also to be used for completed HUDNA foreclosures where the property is pending conveyance to HUDNA. The Loss Mit Type field should show the approved Loss Mitigation arrangement. The following are acceptable: · ASU M - 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 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. The acceptable codes are: · Mortgagor · Tenant · Unknown · Vacant The RFD field should show the Reason for Default. The acceptable codes are below, or we can accept Xxxxxx Xxx Delinquency Reason Codes. Delinquency Code Delinquency Description AB Abandonment of property AA Arm Adjustment Problem BK Bankruptcy 06 Borrower Complaint BOC Borrower Out of Country BU Business Failure CL Casualty Loss JC Change in Job CD Chronic Delinquent CSP Chronic Slow Pay CI Commission Income DIF Death in Family

Description of Action Codes. Action Code 12- To report a Securitized Loan for which the Borrower has been granted relief for curing a delinquency. Action Code 15 - To report a borrower filing bankruptcy and for all active bankruptcies. Action Code 20 - To report that the Borrower has agreed to some form of loss mitigation/workout. Examples of these include Short Sale, Deed-in-Lieu of Foreclosure, Formal Forbearance Agreements, Modifications, etc. Action Code 30 - To report a loan that has been referred to attorney for foreclosure. Action Code 60 - To report that a Securitized Loan has been paid in full either at, or prior to, maturity. Action Code 65- To report that the Servicer is repurchasing the Securitized Loan. Action Code 70 -To report that a Securitized Loan has been foreclosed or a deed-in-lieu of foreclosure has been accepted, and the Servicer, on behalf of the owner of the Securitized Loan, has acquired the property and may dispose of it. Action Code 71 -To report that a Securitized Loan has been foreclosed and a third party acquired the property, or a total condemnation of the property has occurred. Action Code 72 -To report that a Securitized Loan has been foreclosed, or a deed-in-lieu has been accepted, and the property may be conveyed to the mortgage insurer and the pool insurance claim has been filed. Also to be used for completed HUDNA foreclosures where the property is pending conveyance to HUDNA. The Loss Mit Type field should show the approved Loss Mitigation arrangement. The following are acceptable: · • ASU M - 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 Xxxxx 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 Xxxxx 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. The acceptable codes are: · • Mortgagor · • Tenant · • Unknown · • Vacant The RFD field should show the Reason for Default. The acceptable codes are below, or we can accept Xxxxxx Xxx Fxxxxx Mae Delinquency Reason Codes. Delinquency Code Delinquency Description AB Abandonment of property AA Arm Adjustment Problem BK Bankruptcy 06 Borrower Complaint BOC Borrower Out of Country BU Business Failure CL Casualty Loss JC Change in Job CD Chronic Delinquent CSP Chronic Slow Pay CI Commission Income DIF Death in Family

Description of Action Codes. Action Code 12- To report a Securitized Loan for which the Borrower has been granted relief for curing a delinquency. Action Code 15 - To report a borrower filing bankruptcy and for all active bankruptcies. Action Code 20 - To report that the Borrower has agreed to some form of loss mitigation/workout. Examples of these include Short Sale, Deed-in-Lieu of Foreclosure, Formal Forbearance Agreements, Modifications, etc. Action Code 30 - To report a loan that has been referred to attorney for foreclosure. Action Code 60 - To report that a Securitized Loan has been paid in full either at, or prior to, maturity. Action Code 65- To report that the Servicer is repurchasing the Securitized Loan. Action Code 70 -To report that a Securitized Loan has been foreclosed or a deed-in-lieu of foreclosure has been accepted, and the Servicer, on behalf of the owner of the Securitized Loan, has acquired the property and may dispose of it. Action Code 71 -To report that a Securitized Loan has been foreclosed and a third party acquired the property, or a total condemnation of the property has occurred. Action Code 72 -To report that a Securitized Loan has been foreclosed, or a deed-in-lieu has been accepted, and the property may be conveyed to the mortgage insurer and the pool insurance claim has been filed. Also to be used for completed HUDNA foreclosures where the property is pending conveyance to HUDNA. The Loss Mit Type field should show the approved Loss Mitigation arrangement. The following are acceptable: · • ASU M - 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- • MISC - Anything else approved by the PMI or Pool Insurer Xxxxx Fargo Bank The Master Servicer 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 the Master Servicer 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. The acceptable codes are: · • Mortgagor · • Tenant · • Unknown · • Vacant The RFD field should show the Reason for Default. The acceptable codes are below, or we can accept Xxxxxx Xxx Delinquency Reason Codes. Delinquency Code Delinquency Description AB Abandonment of property AA Arm Adjustment Problem BK Bankruptcy 06 Borrower Complaint BOC Borrower Out of Country BU Business Failure CL Casualty Loss JC Change in Job CD Chronic Delinquent CSP Chronic Slow Pay CI Commission Income DIF Death in Family

Description of Action Codes. Action Code 12- 12 - To report a Securitized Mortgage Loan for which the Borrower has been granted relief for curing a delinquency. Action Code 15 - – To report a borrower filing bankruptcy and for all active bankruptcies. Action Code 20 - To report that the Borrower has agreed to some form of loss mitigation/workout. Examples of these include Short Sale, Deed-in-Lieu of Foreclosure, Formal Forbearance Agreements, Modifications, etc. Action Code 30 - – To report a loan that has been referred to attorney for foreclosure. Action Code 60 - To report that a Securitized Mortgage Loan has been paid in full either at, or prior to, maturity. Action Code 65- 65 - To report that the Servicer is repurchasing the Securitized Mortgage Loan. Action Code 70 -To - To report that a Securitized Mortgage Loan has been foreclosed or a deed-in-lieu of foreclosure has been accepted, and the Servicer, on behalf of the owner of the Securitized Mortgage Loan, has acquired the property and may dispose of it. Action Code 71 -To - To report that a Securitized Mortgage Loan has been foreclosed and a third party acquired the property, or a total condemnation of the property has occurred. Action Code 72 -To - To report that a Securitized Mortgage Loan has been foreclosed, or a deed-in-lieu has been accepted, and the property may be conveyed to the mortgage insurer and the pool insurance claim has been filed. Also to be used for completed HUDNA HUD/VA foreclosures where the property is pending conveyance to HUDNAHUD/VA. The Loss Mit Type field should show the approved Loss Mitigation arrangement. The following are acceptable: · ASU M - ASUM- Approved Assumption · BAP - BAP- Borrower Assistance Program · CO - CO- Charge Off · DIL - DIL- Deed-in-Lieu · FFA - FFA- Formal Forbearance Agreement · MOD - MOD- Loan Modification · PRE - PRE- Pre-Sale · SS - SS- Short Sale · MISC- Anything else approved by the PMI or Pool Insurer 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. The acceptable codes are: · Mortgagor · Tenant · Unknown · Vacant The RFD field should show the Reason for Default. The acceptable codes are below, below are; or we can accept Xxxxxx Xxx FNMA Delinquency Reason Codes. Delinquency Code Delinquency Description AB Abandonment of property AA Arm Adjustment Problem BK Bankruptcy 06 Borrower Complaint BOC Borrower Out of Country BU Business Failure CL Casualty Loss JC Change in Job CD Chronic Delinquent CSP Chronic Slow Pay CI Commission Income DIF Death in Family

Description of Action Codes. Action Code 12- To report a Securitized Mortgage Loan for which the Borrower has been granted relief for curing a delinquency. Action Code 15 - To report a borrower filing bankruptcy and for all active bankruptcies. Action Code 20 - To report that the Borrower has agreed to some form of loss mitigation/workout. Examples of these include Short Sale, Deed-in-Lieu of Foreclosure, Formal Forbearance Agreements, Modifications, etc. Action Code 30 - To report a loan that has been referred to attorney for foreclosure. Action Code 60 - To report that a Securitized Mortgage Loan has been paid in full either at, or prior to, maturity. Action Code 65- To report that the Servicer is repurchasing the Securitized Mortgage Loan. Action Code 70 -To report that a Securitized Mortgage Loan has been foreclosed or a deed-in-lieu of foreclosure has been accepted, and the Servicer, on behalf of the owner of the Securitized Mortgage Loan, has acquired the property and may dispose of it. Action Code 71 -To report that a Securitized Mortgage Loan has been foreclosed and a third party acquired the property, or a total condemnation of the property has occurred. Action Code 72 -To report that a Securitized Mortgage Loan has been foreclosed, or a deed-in-lieu has been accepted, and the property may be conveyed to the mortgage insurer and the pool insurance claim has been filed. Also to be used for completed HUDNA foreclosures where the property is pending conveyance to HUDNA. The Loss Mit Type field should show the approved Loss Mitigation arrangement. The following are acceptable: · o ASU M - Approved Assumption · o BAP - Borrower Assistance Program · o CO - Charge Off · o DIL - Deed-in-Lieu · o FFA - Formal Forbearance Agreement · o MOD - Loan Modification · o PRE - Pre-Sale · o SS - Short Sale · MISC- o MISC - Anything else approved by the PMI or Pool Insurer Xxxxx Wells Fargo Bank will accept alternative Loss Mitigation Types to those abovethoxx xxove, provided that they are consistent with industry standards. If Loss Mitigation Types other than those above are used, the Servicer must supply Xxxxx Wells Fargo Bank with a description of each of the Loss Mitigation Types prior Tyxxx xrior to sending the file. The Occupant Code field should show the current status of the property. The acceptable codes are: · o Mortgagor · o Tenant · o Unknown · o Vacant The RFD field should show the Reason for Default. The acceptable codes are below, below are; or we can accept Xxxxxx Xxx FNMA Delinquency Reason Codes. -------------------------------------- ----------------------------------------- Delinquency Code Delinquency Description -------------------------------------- ----------------------------------------- AB Abandonment of property -------------------------------------- ----------------------------------------- AA Arm Adjustment Problem -------------------------------------- ----------------------------------------- BK Bankruptcy -------------------------------------- ----------------------------------------- 06 Borrower Complaint -------------------------------------- ----------------------------------------- BOC Borrower Out of Country -------------------------------------- ----------------------------------------- BU Business Failure -------------------------------------- ----------------------------------------- CL Casualty Loss -------------------------------------- ----------------------------------------- JC Change in Job -------------------------------------- ----------------------------------------- CD Chronic Delinquent -------------------------------------- ----------------------------------------- CSP Chronic Slow Pay -------------------------------------- ----------------------------------------- CI Commission Income -------------------------------------- ----------------------------------------- DIF Death in FamilyFamily -------------------------------------- ----------------------------------------- 08 Deceased -------------------------------------- ----------------------------------------- 00 Defective Loan -------------------------------------- ----------------------------------------- DT Delinquent Property Tax -------------------------------------- ----------------------------------------- FIRE Disability -------------------------------------- ----------------------------------------- DS Disregard -------------------------------------- ----------------------------------------- Dl Divorce -------------------------------------- ----------------------------------------- DD Domestic Difficulties -------------------------------------- ----------------------------------------- EA Earthquake -------------------------------------- ----------------------------------------- ENV Environmental -------------------------------------- ----------------------------------------- ECO Excessive Credit Obligation -------------------------------------- ----------------------------------------- FA Family Death -------------------------------------- ----------------------------------------- FE Family Emergency -------------------------------------- ----------------------------------------- FI Family Illness -------------------------------------- ----------------------------------------- FD Financial Difficulty -------------------------------------- ----------------------------------------- 05 Foreclosure or Borrower moved or skipped -------------------------------------- ----------------------------------------- FFP Formal Forbearance Plan -------------------------------------- ----------------------------------------- FR Fraud -------------------------------------- ----------------------------------------- G Garnishment -------------------------------------- ----------------------------------------- HU Hurricane -------------------------------------- ----------------------------------------- IT Illegal Transfer -------------------------------------- ----------------------------------------- B1 Illness of Borrower -------------------------------------- ----------------------------------------- IP Inability to Sell Property -------------------------------------- ----------------------------------------- IC Incarcerated -------------------------------------- ----------------------------------------- IN Income Reduction -------------------------------------- ----------------------------------------- LIT Involved in Litigation -------------------------------------- ----------------------------------------- IRS IRS Lien -------------------------------------- ----------------------------------------- JD Judgment -------------------------------------- ----------------------------------------- LB Language Barrier -------------------------------------- ----------------------------------------- LM Legal Matter -------------------------------------- -----------------------------------------

Description of Action Codes. Action Code 12- To report a Securitized Loan for which the Borrower has been granted relief for curing a delinquency. Action Code 15 - To report a borrower filing bankruptcy and for all active bankruptcies. Action Code 20 - To report that the Borrower has agreed to some form of loss mitigation/workout. Examples of these include Short Sale, Deed-in-Lieu of Foreclosure, Formal Forbearance Agreements, Modifications, etc. Action Code 30 - To report a loan that has been referred to attorney for foreclosure. Action Code 60 - To report that a Securitized Loan has been paid in full either at, or prior to, maturity. Action Code 65- To report that the Servicer is repurchasing the Securitized Loan. Action Code 70 -To report that a Securitized Loan has been foreclosed or a deed-in-lieu of foreclosure has been accepted, and the Servicer, on behalf of the owner of the Securitized Loan, has acquired the property and may dispose of it. Action Code 71 -To report that a Securitized Loan has been foreclosed and a third party acquired the property, or a total condemnation of the property has occurred. Action Code 72 -To report that a Securitized Loan has been foreclosed, or a deed-in-lieu has been accepted, and the property may be conveyed to the mortgage insurer and the pool insurance claim has been filed. Also to be used for completed HUDNA foreclosures where the property is pending conveyance to HUDNA. The Loss Mit Type field should show the approved Loss Mitigation arrangement. The following are acceptable: · • ASU M - 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 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. The acceptable codes are: · • Mortgagor · • Tenant · • Unknown · Vacant The RFD field should show the Reason for Default. The acceptable codes are below, or we can accept Xxxxxx Xxx Delinquency Reason Codes. Delinquency Code Delinquency Description AB Abandonment of property AA Arm Adjustment Problem BK Bankruptcy 06 Borrower Complaint BOC Borrower Out of Country BU Business Failure CL Casualty Loss JC Change in Job CD Chronic Delinquent CSP Chronic Slow Pay CI Commission Income DIF Death in Family•

Description of Action Codes. Action Code 12- To report a Securitized Mortgage Loan for which the Borrower has been granted relief for curing a delinquency. Action Code 15 - To report a borrower filing bankruptcy and for all active bankruptcies. Action Code 20 - To report that the Borrower has agreed to some form of loss mitigation/workout. Examples of these include Short Sale, Deed-in-Lieu of Foreclosure, Formal Forbearance Agreements, Modifications, etc. Action Code 30 - To report a loan that has been referred to attorney for foreclosure. Action Code 60 - To report that a Securitized Mortgage Loan has been paid in full either at, or prior to, maturity. Action Code 65- To report that the Servicer is repurchasing the Securitized Mortgage Loan. Action Code 70 -To report that a Securitized Mortgage Loan has been foreclosed or a deed-in-lieu of foreclosure has been accepted, and the Servicer, on behalf of the owner of the Securitized Mortgage Loan, has acquired the property and may dispose of it. Action Code 71 -To report that a Securitized Mortgage Loan has been foreclosed and a third party acquired the property, or a total condemnation of the property has occurred. Action Code 72 -To report that a Securitized Mortgage Loan has been foreclosed, or a deed-in-lieu has been accepted, and the property may be conveyed to the mortgage insurer and the pool insurance claim has been filed. Also to be used for completed HUDNA foreclosures where the property is pending conveyance to HUDNA. The Loss Mit Type field should show the approved Loss Mitigation arrangement. The following are acceptable: · o ASU M - Approved Assumption · o BAP - Borrower Assistance Program · o CO - Charge Off · o DIL - Deed-in-Lieu · o FFA - Formal Forbearance Agreement · o MOD - Loan Modification · o PRE - Pre-Sale · o SS - Short Sale · o MISC- Anything else approved by the PMI or Pool Insurer 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. The acceptable codes are: · o Mortgagor · o Tenant · o Unknown · o Vacant The RFD field should show the Reason for Default. The acceptable codes are below, below are; or we can accept Xxxxxx Xxx FNMA Delinquency Reason Codes. Delinquency Code Delinquency Description AB Abandonment of property AA Arm Adjustment Problem BK Bankruptcy 06 Borrower Complaint BOC Borrower Out of Country BU Business Failure CL Casualty Loss JC Change in Job CD Chronic Delinquent CSP Chronic Slow Pay CI Commission Income DIF Death in FamilyFamily 00 Defective Loan DT Delinquent Property Tax FIRE Disability DS Disregard Dl Divorce DD Domestic Difficulties EA Earthquake ENV Environmental ECO Excessive Credit Obligation FA Family Death FE Family Emergency FI Family Illness FD Financial Difficulty 05 Foreclosure or Borrower moved or skipped FFP Formal Forbearance Plan FR Fraud G Garnishment HU Hurricane IT Illegal Transfer B1 Illness of Borrower IP Inability to Sell Property IC Incarcerated IN Income Reduction LIT Involved in Litigation IRS IRS Xxxx XX Judgment LB Language Barrier LM Legal Matter LS Legal Separation MA Marital Difficulties ME Medical MD Mortgagor Death ND Natural Disaster NC No Contact with borrower NSF Non Sufficient Funds 09 Other OV Overextended PAD Payment Dispute PP Payment Plan Established POP Payoff Pending PE Pending Sale PS Previous Servicer Problem PB Promise to Pay Broken PR Property Damage PD Property Devaluation REFI Refinance Pending RELO Relocation (Job Related) JRP Relocation (Personal)l RE Rental SI Seasonal Income SE Self Employed SP Servicing Problems SR Slow Receivables