Servicing Guide

Published November 10, 2020

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F-2-08: Reporting the Principal Amount for Mortgage Loans with Principal Forbearance (09/09/2020)

This exhibit contains reporting the principal amount for mortgage loans with principal forbearance.


Reporting the Principal Amount for Mortgage Loans with Principal Forbearance

The chart below indicates how to report the principal amount for mortgage loans with principal forbearance on the LAR by remittance type.

Reporting LAR Liquidations Reporting for Remittance Type Actual/Actual Reporting for Remittance Type Scheduled/Actual Reporting for Remittance Type Scheduled/Scheduled (Portfolio) (also called MRS or MBS-Acquired)

Payoff

(Action Code 60)

Actual UPB = $0.00

Principal Amount = Prior Month Ending Actual UPB + Principal Forbearance Amount

Actual UPB = $0.00

Principal Amount = Prior Month Ending Actual UPB + Principal Forbearance Amount

Actual UPB = $0.00

Principal Amount = Prior Month Scheduled UPB + Principal Forbearance Amount

Repurchase

(Action Code 65)

Actual UPB = $0.00

Principal Amount = (Prior Month Ending Actual UPB + Principal Forbearance Amount) x Purchase Price

Actual UPB = $0.00

Principal Amount = (Prior Month Ending Actual UPB + Principal Forbearance Amount) x Purchase Price

Actual UPB = $0.00

Principal Amount = (Prior Month Scheduled UPB + Principal Forbearance Amount) x Purchase Price

Foreclosure

(Action Codes 70, 71, 72)

Actual UPB1 = Actual UPB reported as of the end of the prior reporting month.

Principal Amount = $0.00

Actual UPB1= Actual UPB reported as of the end of the prior reporting month.

Principal Amount = $0.00

Actual UPB1= Actual UPB reported as of the end of the prior reporting month.

Principal Amount = Prior Month Scheduled UPB + Principal Forbearance Amount

Action Code Descriptions

  • Action Code 60 - Borrower Payoff/Investor Payoff

  • Action Code 65 - Repurchase

  • Action Code 70 - Liquidation Held for Sale

  • Action Code 71 - Liquidated Third-Party Sale/Condemnation/Short Sale/Assigned to FHA/VA

  • Action Code 72 - Liquidated-Pending Conveyance


1

Actual UPB reported as of the end of the prior reporting month, not including principal forbearance.

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