EDI 203 Secondary Mortgage Market Investor Report

Functional Group MH

X12F Finance Subcommittee

This Draft Standard for Trial Use contains the format and establishes the data contents of the Secondary Mortgage Market Investor Report Transaction Set (203) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set can be used for the transfer and reporting of mortgage servicing information between mortgage servicers, mortgage service bureaus, and secondary mortgage market organizations.

Heading

1. 010 · ST · Transaction Set Header · Max 1 · Mandatory

   To indicate the start of a transaction set and to assign a control number

2. 020 · BGN · Beginning Segment · Max 1 · Mandatory

   To indicate the beginning of a transaction set

3. 030 · DTP · Date or Time or Period · Max 1 · Mandatory

   To specify any or all of a date, a time, or a time period

   The DTP segment states the reporting cycle date.

4. 040 · REF · Reference Identification · Max 1 · Mandatory

   To specify identifying information

   The REF segment indicates the Servicer or Issuer Institution Number.

5. N1 Loop Optional Repeat 5

   1. 050 · N1 · Name · Max 1 · Mandatory

      To identify a party by type of organization, name, and code

      The N1 loop identifies the sending and receiving parties, such as Mortgage Servicer, Service Bureau, Investor, etc.

   2. 060 · N2 · Additional Name Information · Max 1 · Optional

      To specify additional names or those longer than 35 characters in length

   3. 070 · N3 · Address Information · Max 2 · Optional

      To specify the location of the named party

   4. 080 · N4 · Geographic Location · Max 1 · Optional

      To specify the geographic place of the named party

   5. 090 · PER · Administrative Communications Contact · Max 2 · Optional

      To identify a person or office to whom administrative communications should be directed

Detail

1. LX Loop Mandatory Repeat >1

   1. 010 · LX · Assigned Number · Max 1 · Mandatory

      To reference a line number in a transaction set

   2. 020 · REF · Reference Identification · Max 4 · Optional

      To specify identifying information

      The REF segment is used to identify Sub Servicer, Pool, Document Custodial Note Holder, or Issuer.

   3. 030 · MPP · Mortgage Pool Program · Max 1 · Optional

      To identify Ginnie Mae pool types

   4. 040 · AMT · Monetary Amount · Max 10 · Optional

      To indicate the total monetary amount

   5. RLT Loop Optional Repeat >1

      1. 050 · RLT · Real Estate Loan Type · Max 1 · Mandatory

         Used to identify the agency case number, loan number, real estate loan type, pool type and amortization terms

      2. 060 · DTP · Date or Time or Period · Max 2 · Mandatory

         To specify any or all of a date, a time, or a time period

         The DTP segment is used to state the Last Paid Installment Date and the Date of the Last Payment Received.

      3. 070 · AMT · Monetary Amount · Max 8 · Mandatory

         To indicate the total monetary amount

         The AMT segment is used to report amounts such as the Actual or Scheduled Unpaid Principal Balance, Principal or Interest Due to Investor, Current Principal and Interest, Prepayment Penalties.

      4. 080 · IRA · Investor Reporting Action Code · Max 1 · Optional

         To identify actions on or status of the mortgage

      5. 090 · INT · Interest · Max 2 · Optional

         To specify interest rate and type and the applicable time period

      6. 100 · PRC · Payment Rate Change · Max 3 · Optional

         To identify interest rate changes for adjustable rate mortgages

         The PRC segment is used to report Variable Loan Information characteristics (Adjustable Rate Mortgages, Graduated Payment Mortgages, etc.)

      7. 110 · NX2 · Real Estate Property ID Component · Max 10 · Optional

         To define types and values for geographic location of real estate property

      8. N1 Loop Optional Repeat 1

         1. 120 · N1 · Name · Max 1 · Mandatory

            To identify a party by type of organization, name, and code

         2. 130 · N2 · Additional Name Information · Max 1 · Mandatory

            To specify additional names or those longer than 35 characters in length

         3. 140 · DTP · Date or Time or Period · Max 2 · Mandatory

            To specify any or all of a date, a time, or a time period

            The DTP segment is used to identify the Original Maturity Date and the Date of First Payment.

         4. 150 · AMT · Monetary Amount · Max 2 · Mandatory

            To indicate the total monetary amount

            The AMT segment is used to state the Original Principal Balance and the Tax & Insurance Escrow Fund Balance.

         5. 160 · YNQ · Yes/No Question · Max 1 · Mandatory

            To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition

            The YNQ segment determines whether or not Foreclosure proceedings have begun on the loan. A `Y' indicates proceedings have begun.

         6. AMT Loop Optional Repeat 5

            1. 170 · AMT · Monetary Amount · Max 1 · Mandatory

               To indicate the total monetary amount

               The AMT loop is used to define curtailment data.

            2. 180 · DTP · Date or Time or Period · Max 1 · Mandatory

               To specify any or all of a date, a time, or a time period

2. 190 · SE · Transaction Set Trailer · Max 1 · Mandatory

   To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments)