Exhibit 2. Standard File Codes – Delinquency Reporting
Exhibit 2. Standard File Codes – Delinquency Reporting, Continued Delinquency Code Delinquency Description
Exhibit 2. Standard File Codes - Delinquency Reporting, Continued 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 Exhibit 2: Standard File Codes - Delinquency Reporting, Continued The FNMA Delinquent Status Code field should show the Status of Default as follows: 09 Forbearance 17 Pre-foreclosure Sale Closing Plan Accepted 24 Government Seizure 26 Refinance 27 Assumption 28 Modification 29 Charge-Off 30 Third Party Sale 31 Probate 32 Military Indulgence 43 Foreclosure Started 44 Deed-in-Lieu Started 49 Assignment Completed 61 Second Lien Considerations 62 Veteran’s Affairs-No Bid 63 Veteran’s Affairs-Refund 64 Veteran’s Affairs-Buydown 65 Chapter 7 Bankruptcy 66 Chapter 11 Bankruptcy 67 Chapter 13 Bankruptcy
Examples of Exhibit 2 in a sentence
A copy of a Statement from the Commissioner of Banks of Massachusetts that no certificate of authority for the trustee to commence business was necessary or issued is on file with the Securities and Exchange Commission as Exhibit 2 to Amendment No. 1 to the Statement of Eligibility and Qualification of Trustee (Form T-1) filed with the Registration Statement of Morse Shoe, Inc.
EXHIBIT 2 - Certificate of Authority to commence business - Incorporated herein by reference to Exhibit 2 filed with Form T-1 Statement, Registration No. 33-21047.
Exhibit 2, and any other outputs on matters of public interest will be published on our website: www.audit-scotland.gov.uk.
In the event of a conflict between the documents listed in this paragraph related to purchases, the controlling document shall be this Contract, then Appendix A, then Appendix B, then Appendix C, then Exhibit 1, and finally Exhibit 2.
EXHIBIT 3 - Authorization of the Trustee to exercise corporate trust powers - Incorporated herein by reference to Exhibit 2 filed with Form T-1 Statement, Registration No. 33-21047.
More Definitions of Exhibit 2
Exhibit 2. STANDARD FILE CODES - DELINQUENCY REPORTING, CONTINUED The FNMA DELINQUENT REASON CODE field should show the Reason for Delinquency as follows: DELINQUENCY CODE DELINQUENCY DESCRIPTION ---------------- ----------------------- 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
Exhibit 2. Standard File Codes - Delinquency Reporting, Continued Delinquency Code Delinquency Description Exhibit 2: Standard File Codes - Delinquency Reporting, Continued Status Code Status Description Exhibit : Calculation of Realized Loss/Gain Form 332- Instruction Sheet NOTE: Do not net or combine items. Show all expenses individually and all credits as separate line items. Claim packages are due on the remittance report date. Late submissions may result in claims not being passed until the following month. The Servicer is responsible to remit all funds pending loss approval and /or resolution of any disputed items.
Exhibit 2. Standard File Codes - Delinquency Reporting, Continued The FNMA Delinquent Reason Code field should show the Reason for Delinquency as follows: ------------------------------------------------------------------------- Delinquency Delinquency Description Code ------------------------------------------------------------------------- 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 -----------------------------------...
Exhibit 2. 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 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
Exhibit 2. Standard File Codes - Delinquency Reporting The Loss Mit Type field should show the approved Loss Mitigation Code as follows: o ASUM- 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 NOTE: Wells Fargo Bank will accept alternative Loss Mitigation Types to those xxxxe, provided that they are consistent with industry standards. If Loss Mitigation Types other than those above are used, the Servicer must supply Wells Fargo Bank with a description of each of the Loss Mitigation Typex xxxor to sending the file. The Occupant Code field should show the current status of the property code as follows:
Exhibit 2. Standard File Codes – Delinquency Reporting, Continued Delinquency Code Delinquency Description Exhibit 2: Standard File Codes – Delinquency Reporting, Continued Status Code Status Description
Exhibit 2. Standard File Codes - Delinquency Reporting Exhibit 2: Standard File Codes - Delinquency Reporting, Continued Delinquency Code Delinquency Description Exhibit 2: Standard File Codes - Delinquency Reporting, Continued Status Code Status Description Exhibit : Calculation of Realized Loss/Gain Form 332- Instruction Sheet NOTE: Do not net or combine items. Show all expenses individually and all credits as separate line items. Claim packages are due on the remittance report date. Late submissions may result in claims not being passed until the following month. The Servicer is responsible to remit all funds pending loss approval and /or resolution of any disputed items.