Data Dictionary
Item Number 3962
LOANS TO FACILITATE SALE OF REAL ESTATE: BALANCE AT END OF QUARTERCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| SVGL3962 | 1990-03-31 | 1996-03-31 | Yes | OTS 1313 |
Data Description:
Includes all mortgage loans held by the reporting institution that facilitate the sale of real estate.
A facilitated mortgage loan is a permanent or construction loan held by the reporting institution for the sale of real estate owned by the institution, its service corporations, or affiliates with any of the following characteristics:
(1) A loan-to-appraised value of 100 percent or more;
(2) A loan with an effective interest rate of at least one-half of one percent (fifty basis points) lower than that offered by the reporting institution on other secured properties of the same class; or
(3) A loan with any other characteristics substantially more favorable than terms normally granted for other secured properties of the same class.
A discount must be established to adjust the loan yield to market on loans originated at below-market interest rates in accordance with APB Opinion No. 21, "Interest on Receivables and Payables." The discount is reported in item 0451.