BFS Borrower Financial Summary
BFS Borrower Financial Summary
To provide summary totals for borrower's financial position
Position
Element
Name
Type
Requirement
Min
Max
Repeat
BFS-01
Rate/Value Qualifier
Identifier (ID)
Optional
2
2
-
Code qualifying how to extend charges or interpret value.
BFS01 defines period for income total.
BFS-02
Monetary Amount
Decimal number (R)
Conditional
1
15
-
Monetary amount.
BFS02 defines borrower income amount.
BFS-03
Rate/Value Qualifier
Identifier (ID)
Optional
2
2
-
Code qualifying how to extend charges or interpret value.
BFS03 defines period for expense total.
BFS-04
Monetary Amount
Decimal number (R)
Conditional
1
15
-
Monetary amount.
BFS04 defines borrower expense amount.
BFS-05
Date
Date (DT)
Optional
6
6
-
Date (YYMMDD).
BFS05 defines asset total effective date.
BFS-06
Monetary Amount
Decimal number (R)
Conditional
1
15
-
Monetary amount.
BFS06 defines borrower asset total.
BFS-07
Date
Date (DT)
Optional
6
6
-
Date (YYMMDD).
BFS07 defines borrower liability total effective date.
BFS-08
Monetary Amount
Decimal number (R)
Conditional
1
15
-
Monetary amount.
BFS08 defines borrower liability total.
BFS-09
Type of Income Code
Identifier (ID)
Optional
2
2
-
Code defining the nature or source of income.
BFS09 is used to state the source of borrower income.
BFS-10
Yes/No Condition or Response Code
Identifier (ID)
Optional
1
1
-
Code indicating a Yes or No condition or response.
BFS10 defines whether the borrower is a non-occupant. A ``Y'' indicates the borrower is a non-occupant. A ``N'' indicates the borrower is an occupant.