Common use of Standard File Codes – Delinquency Reporting Clause in Contracts

Standard File Codes – 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

Appears in 6 contracts

Samples: Wells Fargo (Renaissance Home Equity Loan Trust 2007-1), Pooling and Servicing Agreement (Prime Mortgage Trust 2006-1), Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-Opx1)

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Standard File Codes – 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- MISC Anything else approved by the PMI or Pool Insurer

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Asl1), Pooling and Servicing Agreement (Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2006-Fm2)

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Standard File Codes – Delinquency Reporting. The Loss Mit Type field should show the approved Loss Mitigation Code as follows: · ASUM- ASUM-Approved Assumption · BAP- 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 InsurerSale

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2007-2)

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