imminent default indicator™ - freddie mac is in danger of imminent default. idi will use the data...

Freddie Mac Document Imminent Default Indicator v.1.7 Technical Specifications January 2010

1

Imminent Default Indicator™ Technical Specifications

Version 1.7

January 2010

NOTICE This manual is the property of Freddie Mac. The manual includes confidential information and trade secrets, which have been developed or acquired by Freddie Mac through the expenditure of a significant amount of time and financial resources. As a condition to receipt of this manual, the recipient of the manual agrees to maintain and protect the confidentiality of the manual and the contents hereof and not to disclose or use any portion of the manual for any purpose other than to the extent necessary to perform services for Freddie Mac.

Copyright 2009 Freddie Mac


2

TABLE OF CONTENTS

Introduction

Purpose 3 Overview 3

Section II

Input File 4 Section III

Output File 6 Section IV

Imminent Default Indicator Errors 7 Error Recording Process 7

Appendix A 9

Appendix B 17

Appendix C 19

Appendix D 21

Appendix E 23


3

PURPOSE

This document provides information for data input and output specifications for Freddie Mac’s Imminent Default Indicator (IDI). The purpose of this document is to assist customer developers in creating a functioning environment for load data to IDI. The customer will learn considerations to be made for each loan when the data Input file is created into the environment, understand the field content and sequence from the Output file and understand the error handling and messages that will be provided.

OVERVIEW

Imminent Default Indicator is a software application that utilizes statistical models in conjunction with specific data elements submitted by the Servicer to determine whether a Borrower is in danger of imminent default. IDI will use the data Input file containing borrower, mortgage and property information along with current economic data to calculate an Imminent Default Indicator result for each loan.

The Input File section covers actions to consider when creating and assembling an Input file. The Output File section describes the content and sequence produced by IDI model. The Imminent Default Indicator Errors section covers the error recording process and provides a brief description of the steps used by IDI to check input files for errors. This section also includes a decision tree to graphically describe the process.

APPENDIX A: Input File Field Definitions APPENDIX B: Output File Field Definitions

APPENDIX C: Fatal Global Record Errors APPENDIX D: Fatal Imminent Default Record Errors

APPENDIX E: Non-Fatal Imminent Default Record Errors


4

Section II - Input File

The Imminent Default Indicator Input file is a data file that contains loan data and is used, along with current economic data, to calculate an IDI result for each loan. The file contains a total of 72 variables or fields of data (29 of which are mandatory), is in comma separated value (*.csv) format, has a *.csv extension, and contains a record—a separate line of data—for each loan to be scored.

Servicers must provide an Input file format that contains space for all 72 fields and may either populate all 72 fields with the appropriate values, or provide data for the 29 required fields and populate the other fields with commas as null values. Since this is a .csv format, an actual value is not necessary and entering a comma will fulfill the requirement. Early Indicator® users may use their existing 72 field Early Indicator Input file (with the exception of the update to field #28 – ServicerID, see: Appendix A).

When creating and assembling an Input file the following should be considered:

• Apostrophes and Quotation Marks

IDI does not accept apostrophes as inputs. Quotation marks may be rejected; therefore, it is recommended not to insert quotation marks.

• File Naming Convention

File name must not have spaces or special characters; exception: can use dash (“-“) and underscore (“_”). “IDI” may not be in the file name.

• Zip Files:

IDI does not accept Zip files.

• Leading Zeroes

In order to capture leading zeroes in the PropZip field (Field #13), this field should be set to “text” in the Input file.

• Maximum File Size:

The Input file should contain a maximum of 23,000 records.


5

Section II - Input File - Continued

• Default Values and Missing Data

For fields that have default values, those values are indicated in the Default column in the chart provided below. If you have reliable data for fields that you are providing, always use this data to populate a given field. If any data is missing, do not code the default value into your data extract program that creates the Input file. Default values may change over time. By relying on the IDI model to calculate values, there is no need to make changes to your extract program. Keep in mind that when a default value is used in lieu of the actual data, the loan may be scored and it may also receive a Non-Fatal Imminent Default Record Error (300 series error). Should you receive one of these errors, please verify that you do not have actual data to be used in place of the default value.

The model contains mandatory fields. If a mandatory field does not have a default value, the model will attempt to score a loan using the information that is provided. In some cases, the model may not be able to produce a result and will return a Fatal Global Record Error (100 series error), or Fatal Imminent Default Record Error (200 series error)

• Fields Reserved for Future Use

Please note that some fields are designated as “Reserved for Future Use: If you are populating any of these fields, you will need to adjust your Input file format; however, you will still need a comma as a null value.

The Appendix A chart presents the 72 fields to be included in the Input file.


6

Section III - Output File

Imminent Default Indicator produces an Output file that contains 30 fields of data: the Lender Loan Number, the IDI result, and error codes for each loan. The file is in comma separated value (*.csv) format, has an *.csv extension, and contains a record for each scored loan. The Output file also contains a header line – the first line of the Output file – containing the ‘Field Name’ value below for each of the fields. The field content and sequence are defined in Appendix B.


7

Section IV – Imminent Default Indicator Errors

• Imminent Default Indicator Error Types

Error types include:

• Fatal Global Record Errors (100 series errors)

• Fatal Imminent Default Record Errors (200 series errors)

• Non-Fatal Imminent Default Record Errors (300 series errors)

NOTE: All Input files having fatal global or fatal model record errors must be reprocessed after the errors are resolved in order for the unscored loans to receive results.

Appendixes C-E describes the cause, consequence and resolution of each error.

• Error Recording Process

The following error detection process assumes records have been entered into the Input file and IDI has been started. When processing is complete, all errors can be viewed in the Output file.

• Records are processed and checked for Fatal Global Record Level errors.

• If a Fatal Global Record Level error occurs, the record is not scored and is sent to the Output file with the error code.

• If no Fatal Global Record Level errors occur, the record is checked for Imminent Default Model Level errors.

• If a model level error occurs and it is

• Fatal, the record is not scored and sent to the Output file with the fatal error code.

• Non-fatal, the record is scored and sent to the Output file with the non-fatal error code.

IMPORTANT: Multiple fatal errors may be reported on a loan.


8

Error Recording Decision Tree

These records are not scored, error codes are included in the

Output File.

These records are not scored, error codes are included in the

Output File.

Input File

Do the records contain any fatal

global record level errors?

Do the records contain model level fatal

errors?

Do the records contain model level non-fatal errors?

Output File

No

No

No

Yes

These records are scored, error codes are included in the

Output File.Yes

Yes


9

Appendix A - Input File Field Definitions

The following chart presents the 72 fields comprising the Input file:

#

Field Name

Description

Value Range/ Enumeration

Example

Default Mandatory

1. LndrLoanNm Lender Loan Number

Lender defined 23-09879, KJ234, 1234567890

None Yes

2. TapeDate Closing or system date on which the file was created

Ccyymmdd 20040213 Yes

3. OrigLoanNoteAmt Original loan note amount

$1–$9,999,999 1, 35000, 102000, 9999999

None Yes

4. CurAmt Current unpaid principal balance (UPB) on loan

$1–$9,999,999 1, 35000, 102000, 9999999

None Yes

5. FirstorSecond First or second mortgage indicator

1 = First mortgage

1 1

6. SubprimeFlag Indicates whether or not the loan is a subprime mortgage

0 = Not a subprime mortgage

0 0

7. BnkRptChp Current Bankruptcy Chapter: Indicates whether or not a loan is currently in bankruptcy and, if so, provides the Chapter

0 = Not currently in bankruptcy

7 = Currently in Chapter 7 bankruptcy




99 = Currently in other or unknown chapter of bankruptcy

0, 7, 11, 12, 13, 99

0 Yes

8. CurrFcloseFlg Current foreclosure flag indicating if loan is an active foreclosure. Do not include if foreclosure has ended.

0 = No

1 = Yes

0, 1 0 Yes


10

#

Field Name

Description


Example

Default Mandatory

9. LoanPurp Purpose of loan

1 = Purchase

2 = Refinance, non-cash out 3 = Refinance, cash out 9 = Missing or invalid

1, 2, 3, 9 1

(Used for null value or if value of 9 is entered in this field.)

Yes

10. OrigApprAmt Original property appraised value amount

$1–$9,999,999 1, 35000, 102000, 9999999

None

11. OrigSalesAmt Original property sales price amount

$1–$9,999,999

In the case of a refinance, leave blank

1, 35000, 102000, 9999999

None

12. PropState Property state code Valid state code as recognized by the U.S. Postal Service for the 50 states, Washington D.C., Puerto Rico, the US Virgin Islands and Guam

CA, IA, NY, WI, DC, PR, VI, GU

None Yes

13. PropZip Property zip code Valid 5- or 9-digit zip code as recognized by the U.S. Postal Service

Important: If zip code is 9 digits, IDI requires a hyphen (-) in the 6th position

00768, 53118, 20007-1813

Field needs to be input as text

None

Yes

14. PropType Indicates the type of property

01 = Manufactured Home

04 = Condo - include apartment condos

08 = Mobile Home

09 = PUD - including de minimis (condos)

13 = Cooperative

14 = Single-family residence (detached)

15 = 2– to 4-unit (includes duplex, twin home, etc.)

16 = Townhouse (row house) UN = Unknown or invalid

01, 04, 08, 09, 13, 14, 15, 16, UN

14 (used in place of null values or when value in field is UN)

15. OrigTerm Original amortization term of loan in months

12–480 60, 120, 360

None

16. AssumptionDate For FHA/VA loans, date the loan was assumed by the current borrower

Ccyymmdd 19970604, 20040101

None

17. AcquisitionDate Date Servicer acquired servicing rights to this loan

Ccyymmdd 19970505, 20040101

None


11

#

Field Name

Description


Example

Default Mandatory

18. DelReason Delinquency reason

001 = Death of principal mortgagor

002 = Illness of principal mortgagor

003 = Illness of mortgagor's family member

004 = Death of mortgagor's family member

005 = Marital difficulties

006 = Income curtailment

007 = Excessive obligations

008 = Abandonment of property

009 = Distant employment transfer

011 = Property problem

012 = Inability to sell property

013 = Inability to rent property

014 = Military service

015 = Other

016 = Unemployment

017 = Business failure

019 = Casualty loss

022 = Energy-environment cost

023 = Servicing problems

026 = Payment adjustment

027 = Payment dispute

029 = Transfer of ownership pending

030 = Fraud

031 = Unable to contact borrower

INC = Incarceration

Caution: If delinquency reason is not available, leave field blank—do not populate using 015.

003, 013, 014, 029

None


12

#

Field Name

Description


Example

Default Mandatory

19. InvCode Investor Code 1 = FNMA

2 = FHLMC

3 = GNMA

4 = Private

5 = Warehouse

6 = Portfolio

1, 2, 3, 4, 5, 6

None Yes

20. SelfEmplyFlg Self-employed at time of origination

0 = No

1 = Yes

0, 1 0

21. OccupCode Occupancy status at origination

1 = Primary residence

2 = Second home

3 = Investor

1, 2, 3 1 Yes

22. DueForDate Due For Date—Date next payment is due; i.e., 1st payment due date in current spell of delinquency where corresponding payment has not been received

Ccyymmdd 1st of month: 19970601, 20040101

Odd due date: 20030917, 20040120

None Yes

23. OrigDate Date loan was originated

Ccyymmdd 19930227, 20040123

None Yes

24. NumUnits Number of units 1–4

Note: The software will not score loans where NumUnits >4, since these loans are assumed to be multifamily.

1, 2, 3, 4 Default value = 1 unless PropType= 15, where default value = 2

Yes

25. ProductType Product type 1 = Fixed 0–20

2 = Fixed > 20

3 = GPMs or TPMs

4 = Adjustable Rate Mortgage

5 = Balloons - maturity up to 5 years

6 = Balloons - maturity > 5 years

1, 2, 3, 4, 5, 6

2 Yes

26. NegAmFlg Potential negative amortization

0 = No

1 = Yes

0, 1 0


13

#

Field Name

Description


Example

Default Mandatory

27. LoanType Type of loan

1 = Conventional

2 = Conventional with MI

3 = FHA

4 = VA

1, 2, 3, 4 1 Yes

28. ServicerID For Freddie Mac this is the 6 digit Seller/Servicer # (not family number).

Investor defined

123456, None Yes

29. Reserved for Future Use

30. HighRiskAltA Indicates whether or not a loan is High Risk Alt-A or not. High Risk Alt-A is equivalent to a PLS, low doc Alt-A loan.

0 = Not high risk Alt-A

1 = High risk Alt-A

0, 1 0 Yes

31. Current DebtToIncomeRatio

Debt to Income Ratio = (Total Monthly Debt Obligations) / (Monthly Income)

If Monthly Income = 0 or is Null OR Total Monthly Debt Obligations is Null, then set DebtToIncomeRatio = Null

Valid values = greater than 0 and less than 1.20

Important: Enter the value as a ratio (e.g., 0.257); do not enter the value in percentage terms (e.g., 25.7)

Use:

0.257, 0.375, 1.20

Do not use:

25.7, 37.5, 120

0.40 Yes

32. CurrOccupStatusCode

Current Occupancy Status

01 = Vacant

03 = Borrower Occupied

04 = Tenant Occupied

06 = Unknown

15 = Occupied by Unknown

01, 03, 04, 06, 15

None

33. RepaymentPlan Indicates if a repayment agreement is in effect

0 = No

1 = Yes

0, 1 0

34 SubprimeRiskGrade Value assigned by loan underwriter/Servicer

(This field is not currently used by IDI and may be used in a future release.)

35. LoanMod Indicates if the terms of the loan have been previously modified

0 = No

1 = Yes

0, 1 0 Yes


14

#

Field Name

Description


Example

Default Mandatory

36. OrigLTV

Original Loan-to-Value

When computing original loan-to-value for conventional purchases, use the lesser of Appraisal Value or Sales Amount and round up the LTV calculation to the 2nd decimal place.

2–125

Important: Enter the value as a percentage (e.g., 25.75); do not enter the value as a ratio (e.g., 0.257)

Use: 71.22

Do not use: 71.223

None Yes

37. EstCurVal Estimated current market value

$1,000–$9,999,999 1000, 83000, 125000, 9999999

None Yes

38. InvLoanNum Investor Loan Number – represents loan number assigned by Investor identified in Investor Code field number 19

Investor defined 1234567890, 555444666111, 8945688

None Yes

39. PayDue1 Payment history due date (begin with most recent month, regardless of delinquency)

ccyymmdd 20030501 None

40. PayRec1 Payment history received date

Ccyymmdd 20030512 None

41. PayDue2 Payment history due date




43.

PayDue3 Payment history due date


44.

PayRec3 Payment history received date


45.



46.



47.



48.



49.



50.



51.




15

#

Field Name

Description


Example

Default Mandatory

52.



53.



54.



55.

















63. Times30 Number of times 30 days past due (2 payments missed) in the last 9 months

This field is not required if payment history (fields 39–62) is provided.

0–9 1, 9 None Yes

64. Times60 Number of times 60 days past due (3 payments missed) in the last 9 months


0–9 1, 9 None Yes

65. Times90 Number of times 90 or more days past due (4 or more payments missed) in the last 9 months


0–9 1, 9 None Yes

66. NumBorrower Number of borrowers on mortgage

1 = 1

2 = 2

3 = 3 or more

1, 2, 3 1


16

#

Field Name

Description


Example

Default Mandatory

67. OrigNoteRate Original note rate—interest rate (in percentage term) on loan at the time of origination

1–25


Use: 7.25, 8.35, 11.6

Do not use: .0725 or 725

None

68. CurrNoteRate Current note rate—current interest rate (in percentage term) on loan

1–25


Use: 7.25, 8.35, 11.6

Do not use:

.0725 or 725

None

69. MatureDate Date last payment would be made assuming no prepayments


70. FcloseHistFlag Loan has been in foreclosure in the past and is not currently in foreclosure; or loan is currently in foreclosure and has been in one or more foreclosures in a different spell in the past

0 = No to both

1 = Yes to either

0, 1 0 Yes

71. CreditScore Credit score:

CreditInd (field 72) must be provided

350-950 350, 567, 765, 950

None Yes

72. CreditInd Credit indicator 1 = FICO 1 None Yes


17

Appendix B - Output File Field Definitions

# Field Name Description Value Range / Enumeration

Example

1 LOAN_NUMBER Lender Loan Number Lender defined 23-09879, KJ234, 1234567890

2 IDI_RESULT Imminent Default Indicator Result Blank, 1, 2 1,2

3 Err101 Invalid token count 0, 101 0,101

4 Err102 Missing lender loan number 0, 102 0,102

5 Err103 Missing or invalid tape date 0, 103 0,103

6 Err104 Missing or invalid due for date 0, 104 0,104

7 Err106 Model has expired 0, 106 0,106

8 Err107 Criteria not met for imminent default scoring 0, 107 0,107

9 Err201 Missing or invalid origination date 0, 201 0,201

10 Err203 Missing or invalid property state and property zip code

0, 203 0,203

11 Err204 Unable to calculate current LTV 0, 204 0,204

12 Err210 Number of units is greater than 4 0, 210 0, 210

13 Err211 Unable to calculate mark-to-market LTV 0, 211 0, 211

14 Err212 Current amount missing or invalid 0, 212 0, 212

15 Err215 Invalid current LTV 0, 215 0, 215

16 Err302 Missing, invalid or unrecognized property zip code, default used

0, 302 0, 302

17 Err303 Missing or invalid property state, default used

0, 303 0, 303

18 Err305 Missing or invalid loan purpose, default used

0, 305 0, 305

19 Err315 Missing or invalid current occupancy code, default used

0, 315 0, 315

20 Err316 Missing or invalid loan type, default used 0, 316 0, 316

21 Err318 Inconsistent property state and property zip code

0, 318 0, 318

22 Err320 Warning! – Model will expire if software is not updated

0, 320 0, 320

23 Err321 Missing or invalid chapter of bankruptcy, default used

0, 321 0, 321

24 Err322 Missing or invalid original LTV 0, 322 0, 322

25 Err326 Missing or invalid debt to income ratio, default used

0, 326 0, 326

26 Err334 Missing or invalid product type, default used 0, 334 0, 334

27 Err337 Missing or invalid number of units, default used

0, 337 0, 337


18

# Field Name Description Value Range / Enumeration

Example

28 Err340 Payment history not usable 0, 340 0, 340

29 Err344 Missing or invalid foreclosure history flag, default used

0, 344 0, 344

30 Err349 Missing or invalid loan modification flag, default used

0, 349 0, 349


19

Appendix C - Fatal Global Record Errors

101 Invalid token count

Cause The data record format is not consistent with the required format, i.e., an incorrect number of fields were detected.

Consequences Record not scored.

Resolution Check the number of fields and commas. Modify the record to be consistent with the layout requirements. See Imminent Default Indicator – Input File Definition document.

102 Missing lender loan number

Cause Lender loan number is missing from record.


Resolution Enter lender loan number in Input file. See Imminent Default Indicator – Input File Definition field 1.

103 Missing or invalid tape date

Cause Closing tape date (when the file was created) is missing, invalid or in an incorrect format.


Resolution Enter proper tape date in Input file. See Imminent Default Indicator – Input File Definition field 2.

104 Missing or invalid due for date

Cause Due for date (1st payment due date in current spell of delinquency where

corresponding payment has not yet been received) is missing, invalid, in an incorrect format, or is nine or more years prior to the tape date.


Resolution Enter proper due for date in Input file. See Imminent Default Indicator – Input File Definition field 22.


20

106 Model has expired–contact Freddie Mac for a software update

Cause The software is more than 210 days old from the beginning of the quarter and has expired.


Resolution Contact Imminent Default Indicator Technical Support at 800-FREDDIE (800-373-3343).

107 Criteria not met for Imminent Default scoring

Cause The loan is not scored using the imminent default model because the loan doesn’t meet certain criteria for scoring.


Resolution The following must be satisfied for loans that are less than 30 days past due.

Subprime flag = 0 Loan type = (1,2) Lien position = 1 Current foreclosure status = 0 Availability of a credit score = 1 Number of payments past due = (0,1) Investor code = 1,2 Valid Investor Loan number entered for input field 38

If the loan does not meet these criteria, and it is due for (0,1) payment, then it will receive an error code of 107.

The following must be satisfied for loans that are greater than or equal to 30, but less than 60 days past due.

Subprime flag = 0 Loan type = (1,2) Lien position = 1 Current foreclosure status = 0 Availability of a credit score = 1 Number of payments past due = 2 Investor code = 1,2 Valid Investor Loan number entered for input field 38

If the loan does not meet these criteria, and it is due for 2 payments, then it will receive an error code of 107.


21

Appendix D - Fatal Imminent Default Record Errors

201 Missing or invalid origination date

Cause The origination date field contains an invalid origination date, an incorrectly formatted date, a date either 35 or more years before the tape date or after the due for date entered in field 22, or the field is blank.


Resolution Enter proper date of origination. See Imminent Default Indicator – Input File Definition fields 2, 22 and 23.

203 Missing or invalid property state and property zip code

Cause An invalid state abbreviation was entered in the property state field or the field is blank, and an invalid zip code was entered in the property zip code field or the field is blank.


Resolution Enter proper state abbreviation. IDI recognizes the United States Postal Service (USPS) two-letter abbreviations for all 50 states, DC (Washington DC), PR (Puerto Rico), GU (Guam) and VI (U.S. Virgin Islands). See Imminent Default Indicator – Input File Definition field 12.

Enter proper zip code. IDI recognizes valid USPS 5- or 9-digit zip codes. If a 9-digit zip code is provided, a hyphen is required in the 6

th position. See

Imminent Default Indicator – Input File Definition field 13.

204 Unable to calculate current LTV

Cause The components necessary to calculate the current LTV are missing, and the appraisal-based LTV either cannot be calculated or, if calculated, is too low (less than 1).


Resolution Check the original loan note amount (field 3), current loan amount (field 4), original appraisal amount (field 10), original sales price (field 11), and original LTV (field 36) as outlined in the Imminent Default Indicator – Input File Definition document.


22

210 Number of units is greater than 4

Cause The entry made in the number of units field is greater than 4.

Consequences IDI cannot process multifamily-type properties, which are defined as those having more than four units. Record not scored.

Resolution Enter a valid number or remove multifamily-type properties from the Input file. See the Imminent Default Indicator - Input File Definition document, field 24.

211 Unable to calculate mark-to-market LTV

Cause Either the data necessary to calculate the mark-to-market LTV is missing or the calculated mark-to-market LTV is too low (less than 1).


Resolution Verify that the input record is formatted according to the specifications outlined in the Imminent Default Indicator - Input File Definition document.

212 Current amount missing or invalid

Cause An invalid amount was entered into the current amount field or the field is blank.


Resolution Enter proper amount. See the Imminent Default Indicator - Input File Definition document, field 4.

215 Invalid current LTV

Cause Calculated current LTV is too low (less than 1) and appraisal-based LTV either cannot be calculated or, if calculated, is too low (less than 1).


Resolution Check the original loan note amount (field 3), current loan amount (field 4), original appraisal amount (field 10), original sales price (field 11), original LTV (field 36), and estimated current value (field 37) as outlined in the Imminent Default Indicator - Input File Definition document.


23

Appendix E - Non-Fatal Imminent Default Record Errors

302 Missing, invalid or unrecognized property zip code, default used

Cause An invalid zip code or a zip code not recognized by the software was entered in the property zip code field or the field was blank.

Consequences Record scored with property state entered in Input file field 12; sent to Output file with a non-fatal error code. Optimal result may not have been achieved.

Resolution Enter proper 5- or 9-digit zip code. See the Imminent Default Indicator - Input File Definition document, field 13.

303 Missing or invalid property state, default used

Cause An invalid state abbreviation was entered in the property state field or the field was blank.

Consequences Record scored with state value derived from the property zip code; sent to Output file with a non-fatal error code. Optimal result may not have been achieved.

Resolution Enter proper state abbreviation. See the Imminent Default Indicator - Input File Definition document, field 12.

305 Missing or invalid loan purpose, default used

Cause An invalid value was entered in the loan purpose field or the field was blank.

Consequences Record scored with purchase used as loan purpose; sent to Output file with a non-fatal error code. Optimal result may not have been achieved.

Resolution Enter a valid loan purpose value. See the Imminent Default Indicator - Input File Definition document, field 9.

315 Missing or invalid current occupancy code, default used

Cause The code entered in the current occupancy status code field was invalid or the field was blank.

Consequences Record scored with the default assumption that the property is not vacant; sent to Output file with a non-fatal error code. Optimal result may not have been achieved.

Resolution Enter a valid code. See the Imminent Default Indicator - Input File Definition document, field 32.


24

316 Missing or invalid loan type, default used

Cause An invalid value was entered in the loan type field or the field was blank.

Consequences Record scored with conventional loan without mortgage insurance being used; sent to Output file with a non-fatal error code. Optimal result may not have been achieved.

Resolution Enter a valid value. See the Imminent Default Indicator - Input File Definition document, field 27.

318 Inconsistent property state and property zip code

Cause The property state abbreviation entered in the property state field is not consistent with the zip code entered in the property zip code field.

Consequences Record scored with the property state entered, and the zip code information is disregarded; sent to Output file with a non-fatal error code. Optimal result may not have been achieved.

Resolution Check state and zip code. See the Imminent Default Indicator - Input File Definition document, fields 12 and 13.

320 Warning! – Model will expire if software is not updated

Cause The IDI software is more than 180 days old from the beginning of the quarter.

Consequences Record scored; sent to Output file with a non-fatal error code.

Resolution To ensure the resulting scores are accurate and reliable, contact IDI Technical Support at 800-FREDDIE (800-373-3343).

321 Missing or invalid chapter of bankruptcy, default used

Cause An invalid value was entered in the bankruptcy chapter field or the field was blank.

Consequences Record scored with borrower not in bankruptcy used; sent to Output file with a non-fatal error code. Optimal result may not have been achieved.


322 Missing or invalid original LTV

Cause An invalid value was entered in the original LTV field or the field was blank.

Consequences Record scored; sent to Output file with a non-fatal error code.



25

326 Missing or invalid debt to income ratio, default used

Cause The value entered in the debt to income ratio field is either too low (less than or equal to 0) or too high (greater than 1.20), or the field was blank.

Consequences Record scored with default ratio of 0.40 and sent to Output file with a non-fatal error code. Optimal result may not have been achieved.


334 Missing or invalid product type, default used

Cause An invalid value was entered in the product type field or the field was blank.

Consequences Record scored with single-family fixed rate 30 year product being used; sent to Output file with a non-fatal error code. Optimal result may not have been achieved.


337 Missing or invalid number of units, default used

Cause An invalid value was entered in the number of units field or the field was blank.

Consequences Record scored with default number of units and sent to Output file with a non-fatal error code. Optimal result may not have been achieved.

Resolution Enter a valid code. If PropType is not equal to 15, then NumUnits=1 is used. If PropType=15, then NumUnits=2 is used. See the Imminent Default Indicator - Input File Definition document, field 24.

340 Payment history not usable

Cause Invalid value(s) were entered in the payment history and Times30, Times60, and/or Times90 fields or the fields were blank.

Consequences Record scored as a new loan without a payment history; sent to Output file with a non-fatal error code. Optimal result may not have been achieved.

Resolution Enter valid values. See the Imminent Default Indicator - Input File Definition document, fields 39–62 and 63-65.


26

344 Missing or invalid foreclosure history flag, default used

Cause An invalid value was entered in the foreclosure history flag field or the field was blank.

Consequences Record scored with no previous foreclosure being used; sent to Output file with a non-fatal error code. Optimal result may not have been achieved.

Resolution Enter a valid number in the foreclosure history flag field. See the Imminent Default Indicator - Input File Definition document, field 70.

349 Missing or invalid loan modification flag, default used

Cause An invalid value was entered in the loan modification field or the field was blank.

Consequences Record scored with loan not modified being used; record sent to Output file with a non-fatal error code. Optimal result may not have been achieved.

Resolution See the Imminent Default Indicator - Input File Definition document, field 35.

imminent default indicator™ - freddie mac is in danger of imminent default. idi will use the data...

Documents