Data Dictionary
Item Number 6505
MORTGAGE LOANS AND CONTRACTS - MORTGAGE LOANS SERVICED FOR OTHERS - (PRINCIPAL BALANCE OF LOANS SERVICED) - WEIGHTED AVERAGE SERVICING SPREAD (IN BASIS POINTS)Call confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| SVG36505 | 1989-06-30 | 1992-12-31 | Yes | Multiple Forms |
| SVG66505 | 1989-06-30 | 1992-12-31 | Yes | Multiple Forms |
| SVG76505 | 1989-06-30 | 1992-12-31 | Yes | Multiple Forms |
| SVG86505 | 1989-06-30 | 1992-12-31 | Yes | Multiple Forms |
| SVGL6505 | 1989-06-30 | 1992-12-31 | Yes | Multiple Forms |
Data Description:
Includes the weighted average servicing spread/fee (in basis points) of the outstanding balances of mortgage loans serviced for others. Includes the combined portfolio of purchased servicing and retained servicing. The servicing spread/fee includes the gross spread/fee, not any net amount that reflects estimates of the cost of the servicing. For example, if an institution originates a loan at 10% and immediately sells it to yield 9%, the institution should report 100 basis points of servicing spread/fee. (See item 6404.) The weighted average servicing spread are calculated as follows:
Weighted Average = 50(50bp) + 50(30bp) + 100(80bp) = Servicing Spread 200 + 60 Basis Points
NOTE:
Data reported under mnemonics SVG3 thru SVG8.