Code identifying the type of investor reporting action that was needed
Type
ID
Length
Max 2 / Min 2
Codes
<> 01
No Special Accounting Action
<> 1A
Payoff - Alternative Conversion Adjustable Rate Mortgage to Fixed Rate Mortgage
<> 1B
Real Estate Owned Property
<> 1C
Third-party Foreclosure Sale
<> 1D
Federal Housing Administration or Veterans Administration/Real Estate Owned or Conveyance
<> 1E
Short Payoff
<> 1F
Principal Balance Correction
<> 1G
Delinquency
<> 1H
Third Party Sale, Pre-Foreclosure Sale and Short Payoff
<> 1J
Payoff - Prepaid
<> 1K
Payoff - Matured
<> 1M
Mortgage Insurance Cancellation by Homeowner Based on Original Value of Property
<> 1N
Mortgage Insurance Cancellation by Homeowner Based on Current Value of Property
<> 1O
Mortgage Insurance Cancellation by Servicer Based on Automatic Cancellation Provisions
<> 1P
Mortgage Insurance Cancellation Based on Mandatory Termination for High Risk Loan
<> 1Q
Curtailment
<> 1R
Skip Payment
<> 1S
Mortgage Insurance Cancellation for Unspecified Reason
<> 02
Action Code Reset
<> 03
Relief Provisions
<> 04
Bankruptcy or Litigation
<> 05
Referred for Deed in Lieu of Foreclosure
<> 06
Referred for Foreclosure
<> 07
Loan Inactive for Accounting
<> 08
Loan Reinstated for Accounting
<> 09
Payoff
<> 10
Payoff - Repurchased
<> IL
Substitution
