Data Dictionary
Item Number 5501
OUTSTANDING PRINCIPAL BALANCE OF 1-4 FAMILY RESIDENTIAL MORTGAGE LOANS SERVICED FOR OTHERS (INCLUDING RETAINED SERVICING AND PURCHASED SERVICING): MORTGAGES SERVICED UNDER A FHLMC CONTRACT: SERVICED WITH RECOURSE TO SERVICERCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| BHCK5501 | 1992-03-31 | 2000-12-31 | No | FR Y-9C |
| RCFD5501 | 1992-03-31 | 2000-12-31 | No | FFIEC 031 |
| RCON5501 | 1992-03-31 | 2000-12-31 | No | Multiple Forms |
Data Description:
Includes the outstanding principal balance of 1-to-4 family residential mortgage loans serviced for others under servicing contracts entered into with FHLMC in which the mortgages being serviced has been sold to (or swapped with) FHLMC with recourse and the mortgage notes has been endorsed accordingly. A seller electing to sell to (or swap with) FHLMC with recourse bears all risks and costs of a borrower default, including the costs of foreclosure. If the servicing of mortgages sold to (or swapped with) FHLMC with recourse is transferred, the transferee bears these risks and costs.