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, guarantor, investor, or servicer. The transaction set can be used to initiate two types of 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 information
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 information
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 and, if applicable, the actions needed to correct damage
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 allows 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)
