Data Dictionary
Item Number F699
OUTSTANDING PRINCIPAL BALANCE OF ASSETS SERVICED FOR OTHERS INCLUDING PARTICIPATIONS SERVICED FOR OTHERS: 1-4 FAMILY RESIDENTIAL MORTGAGE SERVICED FOR OTHERS THAT ARE IN THE PROCESS OF FORECLOSURE AT QUARTER-END (INCLUDES CLOSED-END AND OPEN-END LOANS)Call confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| BAGRF699 | 2008-03-31 | 9999-12-31 | No | |
| BHCKF699 | 2008-03-31 | 9999-12-31 | No | FR Y-9C |
| RCFDF699 | 2008-03-31 | 9999-12-31 | No | FFIEC 031 |
| RCONF699 | 2008-03-31 | 9999-12-31 | No | FFIEC 041 |
Data Description:
Total unpaid principal balance of loans secured by 1-4 family residential properties* serviced for others for which formal foreclosure proceedings to seize the real estate collateral have started and are ongoing as of quarter-end, regardless of the date the foreclosure procedure was initiated. Loans should be classified as in process of foreclosure according to the investor's or local requirements. Include loans where the servicing has been suspended in accordance with any of the investor's foreclosure requirements. If a loan is already in process of foreclosure and the mortgagor files a bankruptcy petition, the loan should continue to be reported as in process of foreclosure until the bankruptcy is resolved. Exclude loans where the foreclosure process has been completed to the extent that (a) the investor has acquired title to the real estate, an entitling certificate, title subject to redemption, or title awaiting transfer to the Federal Housing Administration or the Veterans Administration or (b) the bank reports the real estate as "Other real estate owned". This item should include both closed-end and open-end 1-4 family residential mortgage loans that are in process of foreclosure.
NOTE:
*FR Y-9C - As defined for Schedule HC-C, item 1(c).
*FFIEC 031/041 - As defined for Schedule RC-C, part I, item 1.c.
BAGR Original Variable name: SERVMORT Formula:
SERVMORT=IF DT ge 20080331 THEN SERVMORT = RCONF699/1000;