Common use of Wage Earner Original FICO Clause in Contracts

Wage Earner Original FICO. TransUnion TransUnion FICO score for Co-borrower (if applicable). Borrower Qualification Numeric – Integer 720 9999 If “Total Number of Borrowers” > 1 >= 350 and <= 850 86 Most Recent Primary Borrower FICO Most Recent Primary Borrower FICO score used by the lender to approve the loan. Borrower Qualification Numeric – Integer 720 9999 If a FICO score was obtained >= 350 and <= 850 87 Most Recent Co-Borrower FICO Most Recent Co-Borrower FICO score used by the lender to approve the loan. Borrower Qualification Numeric – Integer 720 9999 If “Total Number of Borrowers” > 1 >= 350 and <= 850 88 Most Recent FICO Method Number of credit repositories used to update the FICO Score. Borrower Qualification Numeric – Integer 2 9 If a FICO score was obtained >0 89 VantageScore: Primary Borrower Credit Score for the Primary Borrower used to approve the loan and obtained using the Vantage credit evaluation model. Borrower Qualification Numeric – Integer 720 9999 If a Vantage Credit Score was obtained >= 501 and <= 990 90 VantageScore: Co-Borrower Credit Score for the Co-borrower used to approve the loan and obtained using the Vantage credit evaluation model. Borrower Qualification Numeric – Integer 720 9999 If a VantageScore was obtained AND “Total Number of Borrowers” > 1 >= 501 and <= 990 91 Most Recent VantageScore Method Number of credit repositories used to update the Vantage Score. Borrower Qualification Numeric – Integer 2 9 If a Vantage Credit Score was obtained >0 92 VantageScore Date Date Vantage Credit Score was obtained. Borrower Qualification Date 20090914 YYYYMMDD If a Vantage Credit Score was obtained “19010101” if unknown 93 Credit Report: Longest Trade Line The length of time in months that the oldest active trade line, installment or revolving, has been outstanding. For a loan with more than one borrower, populate field based on status for the primary borrower. Borrower Qualification Numeric – Integer 999 999 Always > =0 Subject to Regulatory Confirmation 94 Credit Report: Maximum Trade Line The dollar amount for the trade line, installment or revolving, with the largest unpaid balance. For revolving lines of credit, e.g. credit card, the dollar amount reported should reflect the maximum amount of credit available under the credit line whether used or not. For a loan with more than one borrower, populate field based on status for the primary borrower. Borrower Qualification Numeric – Decimal 339420.19 9(10).99 Always >=0 Subject to Regulatory Confirmation 95 Credit Report: Number of Trade Lines A count of non-derogatory, currently open and active, consumer trade lines (installment or revolving) for the borrower. For a loan with more than one borrower, populate field based on status for the primary borrower. Borrower Qualification Numeric – Integer 57 999 Always >=0 Subject to Regulatory Confirmation 97 Most Recent 12-month Pay History String indicating the payment status per month listed from oldest to most recent. Borrower Qualification Text 77X123200001 X(12) Always See Coding 0 = Current 1 = 30-59 days delinquent 2 = 60-89 days delinquent 3 = 90-119 days delinquent 4 = 120+ days delinquent 5 = Foreclosure 6 = REO 7 = Loan did not exist in period X = Unavailable 98 Months Bankruptcy Number of months since any borrower was discharged from bankruptcy. (Issuers unable to provide this information may rep and warrant that at least x years—as specified in the loan program—have passed since most recent discharge from bankruptcy.) Borrower Qualification Numeric – Integer 12 999 If Borrower has ever been in Bankruptcy >= 0 Blank = Borrower is not known to have been in bankruptcy 99 Months Foreclosure Number of months since foreclosure sale date. (Issuers unable to provide this information may rep and warrant that at least x years—as specified in the loan program— have passed since most recent foreclosure.) Borrower Qualification Numeric – Integer 12 999 If Borrower has ever been in Foreclosure >= 0 Blank = Borrower is not known to have been in foreclosure 106 4506-T Indicator A yes/no indicator of whether a Transcript of Tax Return (received pursuant to the filing of IRS Form 4506-T) was obtained and considered. Borrower Qualification Numeric – Integer 1 99 Always See Coding 0 = No 1 = Yes 99 = Unknown