Data Dictionary
Item Number 0995
NUMBER OF MORTGAGES FORECLOSED DURING THE YEARCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| SVGL0995 | 1984-03-31 | 1995-12-31 | Yes | Multiple Forms |
Data Description:
Includes the total number of all mortgages that were foreclosed or on which a voluntary deed in lieu of foreclosure was acquired by your institution during the year ending December 31. For foreclosures, report when judgment is obtained; do not include them a second time when a marketable title is obtained. Includes cancellations of real estate contracts, or similar actions, whereby your institution re-acquires as real estate owned, any property previously sold on contract for FHA/VA and other federally insured or guaranteed loans, included regardless of whether or not title subsequently is transferred to the insuring agency. In the case of the participations, only the originator/ servicer should report the foreclosure or voluntary deed. This is in contrast to the procedure for reporting the dollar amount of foreclosures quarterly in items 0199, 0142, and 0143, which requires that the originator/servicer and each purchase/owner report that portion of the loan balance actually held at the time of foreclosure. Also includes ADC financing arrangements foreclosed by the reporting thrift.