Data Dictionary
Item Number F228
NONCASH INCOME FROM NEGATIVE AMORTIZATION ON CLOSED-END LOANS SECURED BY 1-4 FAMILY RESIDENTIAL PROPERTIESCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| BAGQF228 | 2007-03-31 | 9999-12-31 | No | |
| BAGYF228 | 2007-03-31 | 9999-12-31 | No | |
| BHCKF228 | 2007-03-31 | 2023-06-30 | No | FR Y-9C |
| BHCSF228 | 2007-03-31 | 9999-12-31 | No | FR Y-11/FR Y-11S |
| RIADF228 | 2007-03-31 | 2023-06-30 | No | Multiple Forms |
| SUBIF228 | 2007-03-31 | 9999-12-31 | No | FR 2314/FR-2314S |
Data Description:
Report the amount of noncash income from negative amortization on closed-end loans secured by 1-4 family residential properties (i.e., interest income accrued and uncollected that has been added to principal) included in interest and fee income on loans secured by real estate in domestic offices (Schedule RI, item 1.a.(1)(a) on the FFIEC 031; item 1.a.(1) on the FFIEC 041). Negative amortization refers to a method in which a loan is structured so that the borrower's minimum monthly (or other periodic) payment is contractually permitted to be less than the full amount of interest owed to the lender, with the unpaid interest added to the loan's principal balance. The contractual terms of the loan provide that if the borrower allows the principal balance to rise to a pre-specified amount or maximum cap, the loan payments are then recast to a fully amortizing schedule. Negative amortization features may be applied to either adjustable rate mortgages or fixed rate mortgages, the latter commonly referred to as graduated payment mortgages (GPMs). Note: Memorandum item on Schedule RI Added to Y9C, Y11 & 2314 on 20070331 BAGQ Original Variable name: NCSHNEGQ Formula: NCSHNEGQ=IF DT ge 20070331 THEN NCSHNEGQ = RIADF228/1000; BAGY Original Variable name: NCSHNEG Formula: NCSHNEG=IF DT ge 20070331 THEN NCSHNEG = RIADF228/1000;