Servicing Guide

Published September 9, 2020

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Fannie Mae Investor Reporting Manual: 2-02, Reporting a Transaction Type 96 (Loan Activity Record) (01/18/2017)

Chapter 2, Reporting Payment Transactions

A payment transaction is required for all summary reporting mortgage loans each month regardless of whether a payment is received or not. A payment transaction for detailed reporting mortgage loans is only required when a payment is received.

See below for sub-topic: 2-02, Reporting a Transaction Type 96 (Loan Activity Record) (01/18/2017)

To see other sub-topics for Chapter 2, Reporting Payment Transcations, please click on any of the topics below:

2-01, Reporting Due Dates (01/18/2017)

2-03, Reporting a Transaction Type 97 (Extended Loan Activity Record) (01/18/2017)

2-04, Reporting Specific Payment Transactions to Fannie Mae (02/14/2018)

 

2-02, Reporting a Transaction Type 96 (Loan Activity Record) (01/18/2017)

The servicer must use Transaction Type 96 (LAR) to provide loan-level detail for each mortgage loan on the servicer's trial balance. The loan-level information can be broken down into three categories described in the following table.

Transaction Type 96 (LAR) Category

Description

Information that must be reported

Payment amount

Relates to the status of a borrower payment. The LAR should reflect receipt and application of the mortgage loan payment if the borrower made a full payment. If the borrower did not make a full payment, then a LAR must be reported to reflect non-receipt of the full payment.

The LPI date, UPB, and the remittance amount (distributed between interest and principal).

Mortgage loan activity type

Provides information about the activity that has occurred on the mortgage loan for the reporting time period – payment, payoff, repurchase, or other liquidation

  • An action date to specify when the reported action occurred.

Fee collection

Relates to any special fees—such as late charges, assumption fees, or prepayment premiums—that were collected from the borrower during the reporting period

The combined total of the special fees, if applicable.

Record specifications and additional descriptions for Transaction Type 96 are shown in the following table.

Data Element

Position(s)

Length

Description

Lender Number

1-9

(9)

Numeric

Investor

10

(1)

Alphanumeric; Always F = Fannie Mae

Record Identifier

11-12

(2)

Numeric; Always 96

Source Code

13

(1)

Numeric; Always zero (0)

Fannie Mae Loan Number

14-23

(10)

Numeric

LPI Date

24-27

(4)

Numeric; MMYY format

UPB

28-38

(11)

Alphanumeric; S9(9)V99; zone signed; code $50,000.01 as 0000500000A

Interest

39-49

(11)

Alphanumeric; S9(9)V99; zone signed; code $800.02 as 0000008000B

 

Data Element

Position(s)

Length

Description

Principal

50-60

(11)

Alphanumeric; S9(9)V99; zone signed; code -$9.91 as 0000000099J

Action Code

61-62

(2)

Numeric

Action Date

63-68

(6)

Numeric; MMDDYY format

Other Fees

69-76

(8)

Alphanumeric; S9(6)V99; zone signed; may be zero-filled

Filler

77-80

(4)

Alphanumeric; blanks or zeroes

 

The following table provides the zone signed mappings.

 

Zone Sign

Numeric Value

Zone Sign

Numeric Value

{

+0

}

-0

A

+1

J

-1

B

+2

K

-2

C

+3

L

-3

D

+4

M

-4

E

+5

N

-5

F

+6

O

-6

G

+7

P

-7

H

+8

Q

-8

I

+9

R

-9

 

To see other sub-topics for Chapter 2, Reporting Payment Transcations, please click on any of the topics below:

2-01, Reporting Due Dates (01/18/2017)

2-03, Reporting a Transaction Type 97 (Extended Loan Activity Record) (01/18/2017)

2-04, Reporting Specific Payment Transactions to Fannie Mae (02/14/2018)

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