This Draft Standard for Trial Use contains the format and establishes the data contents of the Mortgage Loan Default Status Transaction Set (264) for use within an Electronic Data Interchange (EDI) environment. This package of information in the standard format will allow all notifications of mortgage loan default/foreclosure status to be filed similarly, whether they be to an insurer or guarantor. The transaction set can be used to initiate two types of monthly reports (monthly and quarterly) that will facilitate monitoring of delinquent mortgage loans. This transaction set is expected to be used by mortgage lenders to submit advance notification of delinquent mortgage loans that could potentially result in foreclosure activity leading to the collection of a third-party guarantee/insurance benefit. This standard can be used by mortgage lenders to file default status reports with both government agencies and private mortgage insurers.
To indicate the start of a transaction set and to assign a control number
To indicate the beginning of a transaction set.
To provide information indicating status in mortgagee name, address, or name and address
To identify a party by type of organization, name and code
To specify additional names or those longer than 35 characters in length
To specify the location of the named party
To specify the geographic place of the named party
To identify a person or office to whom administrative communications should be directed
To reference a line number in a transaction set.
To specify any or all of a date, a time, or a time period
To identify a party by type of organization, name and code
To specify additional names or those longer than 35 characters in length
To specify the location of the named party
To specify the geographic place of the named party
To specify identifying numbers.
To identify a person or office to whom administrative communications should be directed
To specify quantity information.
To indicate the total monetary amount.
To specify any or all of a date, a time, or a time period
To specify identifying numbers.
To identify a party by type of organization, name and code
To specify additional names or those longer than 35 characters in length
To specify the location of the named party
To specify the geographic place of the named party
To identify a person or office to whom administrative communications should be directed
To indicate that the next segment begins a loop
To indicate the condition of real estate property
To specify the location of the named party
To specify the geographic place of the named party
To specify mortgage loan default information
To specify quantity information.
To indicate the total monetary amount.
To specify interest rate and type and the applicable time period
To provide information on the status of a mortgage and the date actions were taken regarding the loan and the property
To specify any or all of a date, a time, or a time period
To provide information on mortgagor responses and number of contacts made with a mortgagor
To provide a free form format that would allow the transmission of text information.
To indicate that the loop immediately preceding this segment is complete
To specify quantity information.
To indicate the total monetary amount.
To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments).
