Data Dictionary
Item Number 5331
OTHER MBS BACKED BY QUALIFYING HOME MORTGAGE LOANSCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| SVCC5331 | 1990-03-31 | 2011-12-31 | No | OTS 1313 |
Data Description:
Report MBS, other than high quality MBS reported on item no. 5322, secured by qualifying single-family residential mortgage loans eligible to be reported on item no. 5329 or qualifying multifamily residential mortgage loans eligible to be reported on item no. 5330. Include POs secured by qualifying single-family or multifamily residential mortgage loans unless you can report them on item no. 5322.
If qualifying multifamily residential mortgage loans back the securities, you must receive timely payments of principal and interest according to the terms of the security. Generally, consider payments timely if they are not 30 days or more past due.
Note that if you have a subordinate class of an otherwise 50% risk-weight, high-quality MBS, you must gross up and risk weight your security plus the balance of all classes senior to it. However, if you are able to utilize the ratings based approach (12 CFR 567.6), it is not necessary to gross up the more senior positions. See also item numbers 2129, 2131, and 2139.
Also include asset-backed securities eligible for 50% risk weight under the ratings-based approach ("A" rated that meet all the criteria of the ratings based approach).
Do not include:
1. Interest Only Strips. Report credit-enhancing interest-only strips as residuals. Refer to the definitions in 12 CFR 567.1 and to the capital treatment in 12 CFR 567.6(b). See instructions for lines CCR133, CCR170, CCR375, CCR605, and SI402. Report IO and PO strips that are not credit enhancing of otherwise high quality MBS on CCR505, 100% risk weight.
NOTE:
Prior to 6/30/02, included mortgage-backed securities backed by qualifying mortgage loans that are not included in item 5322. Qualifying mortgage loans must meet all of the following criteria: (1) prudently underwritten: (2) performing and not more than 90 days past due; and (3) has a documented loan-to-value ratio not exceeding 80% (at origination) unless insured to at least an 80% loan-to-value rate by private mortgage insurance provided by an insurer approved by the FHLMC or FNMA.