Data Dictionary
Item Number 1543
NONCONFORMING LOANS/CONTRACTS TO FACILITATE SALE OF REAL ESTATE OWNED, CONVENTIONALCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| SVGL1543 | 1984-03-31 | 1988-12-31 | Yes | Multiple Forms |
Data Description:
Includes loans contracts that arise from the sale of institution owned real estate that was: (a) acquired by foreclosure or deed in lieu thereof; or (b) held by the institution for development or investment purposes. It also arises from the sale of repossessed mobile homes and chattels. It is "nonconforming" in the case of real estate if the unpaid principle balance unexpired terms exceed (a) "applicable lending limitations" or, in the absence of such limitations, (b) 100 percent of the security's retail value of 40 years, respectively. In the case of mobile homes and chattels a loan is "nonconforming" if its unpaid balance exceeds 100% of wholesale value, the total unpaid principal balance should be entered on this line. Does not include VA guaranteed loans, FHA-HUD insured loans or any loans contracts having FSLIC guaranty.