EDI 264 Mortgage Loan Default Status

Functional Group MG

X12F Finance Subcommittee

This X12 Transaction Set contains the format and establishes the data contents of the Mortgage Loan Default Status Transaction Set (264) for use within an Electronic Data Interchange (EDI) environment. This transaction set will allow all notifications of mortgage loan default/foreclosure status to be filed similarly, whether they be to an insurer, guarantor, investor, or servicer. This transaction set can be used to submit notification of delinquent mortgage loans that could potentially result in foreclosure activity leading to the collection of a third-party guarantee/insurance benefit. This transaction set can also be used to file default status reports, as well as foreclosure and bankruptcy information with servicers, attorneys, trustees, government agencies, private mortgage insurers and investors.

Heading

1. 0100 · ST · Transaction Set Header · Max 1 · Mandatory

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

2. 0200 · BGN · Beginning Segment · Max 1 · Mandatory

   To indicate the beginning of a transaction set

   The BGN segment indicates whether the set is a corrected and verified or an advance notification transmission.

3. 0300 · MIS · Mortgagee Information Status · Max 1 · Optional

   To provide information indicating status in mortgagee name, address, or name and address

   The MIS segment provides information on the name and address change of the sending party.

4. 0100 Loop Mandatory Repeat 2

   1. 0400 · N1 · Party Identification · Max 1 · Mandatory

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

      Loop 0100 identifies the sending and or the receiving parties.

   2. 0500 · N2 · Additional Name Information · Max 1 · Optional

      To specify additional names

   3. 0600 · N3 · Party Location · Max 1 · Optional

      To specify the location of the named party

   4. 0700 · N4 · Geographic Location · Max 2 · Optional

      To specify the geographic place of the named party

      N4 may also contain the geographical location of the sender's principal servicing office, if any.

   5. 0800 · PER · Administrative Communications Contact · Max 2 · Optional

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

Detail

1. 0200 Loop Mandatory Repeat >1

   1. 0100 · LX · Transaction Set Line Number · Max 1 · Mandatory

      To reference a line number in a transaction set

      Each iteration of loop 0200 is used to provide mortgagee information associated with a specific group of mortgages.

   2. 0150 · DTM · Date/Time Reference · Max 2 · Optional

      To specify pertinent dates and times

      The DTM segment contains the reporting date of the loan defaults.

   3. 0200 · N1 · Party Identification · Max 1 · Optional

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

   4. 0300 · N2 · Additional Name Information · Max 1 · Optional

      To specify additional names

   5. 0400 · N3 · Party Location · Max 1 · Optional

      To specify the location of the named party

   6. 0500 · N4 · Geographic Location · Max 1 · Optional

      To specify the geographic place of the named party

   7. 0600 · REF · Reference Information · Max 2 · Optional

      To specify identifying information

   8. 0700 · PER · Administrative Communications Contact · Max 2 · Optional

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

   9. 0800 · QTY · Quantity Information · Max 2 · Optional

      To specify quantity information

   10. 0900 · AMT · Monetary Amount Information · Max 2 · Optional

       To indicate the total monetary amount

   11. 0210 Loop Mandatory Repeat >1

       1. 1000 · DTP · Date or Time or Period · Max 1 · Mandatory

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

          Loop 0210 is used to provide detail loan default information on a specific mortgage loan.
          The DTP segment contains the reporting date or a key loan associated date for the loan default.

       2. 1100 · REF · Reference Information · Max 10 · Mandatory

          To specify identifying information

          The REF segment provides the associated reference numbers for a specific mortgage loan.

       3. 0211 Loop Optional Repeat >1

          1. 1200 · N1 · Party Identification · Max 1 · Mandatory

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

             Loop 0211 provides information on the mortgagor, or the property owner, or the investor.

          2. 1300 · N2 · Additional Name Information · Max 1 · Optional

             To specify additional names

          3. 1400 · N3 · Party Location · Max 1 · Optional

             To specify the location of the named party

             The N3 and N4 segments contain the address information for the property.

          4. 1500 · N4 · Geographic Location · Max 1 · Optional

             To specify the geographic place of the named party

          5. 1600 · PER · Administrative Communications Contact · Max 2 · Optional

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

          6. 1650 · REF · Reference Information · Max 4 · Optional

             To specify identifying information

       4. 1700 · LS · Loop Header · Max 1 · Optional

          To indicate that the next segment begins a loop

       5. 0212 Loop Optional Repeat 1

          1. 1800 · REC · Real Estate Condition · Max 1 · Mandatory

             To indicate the condition of real estate property and, if applicable, the actions needed to correct damage

             Loop 0212 contains detail loan default and foreclosure information on a specific mortgage loan.
             The REC segment provides information on the real estate condition of the property. REC04 and REC05 provide information on damage and number of living units on the property and are not used in transaction set 264.

          2. 1900 · N3 · Party Location · Max 1 · Optional

             To specify the location of the named party

             The N3 and N4 segments provide the address information for the property.

          3. 2000 · N4 · Geographic Location · Max 1 · Optional

             To specify the geographic place of the named party

          4. 2100 · DFI · Default Information · Max >1 · Optional

             To specify mortgage loan default information

             The DFI, QTY, AMT, INT, SOM, DTP and MRC segments provide detail default information on the mortgage loan.

          5. 2200 · QTY · Quantity Information · Max 1 · Optional

             To specify quantity information

          6. 2300 · AMT · Monetary Amount Information · Max 10 · Optional

             To indicate the total monetary amount

          7. 2400 · INT · Interest · Max 1 · Optional

             To specify interest rate and type and the applicable time period

          8. 2500 · SOM · Status of Mortgage · Max 10 · Optional

             To provide information on the status of a mortgage and the date actions were taken regarding the loan and the property

          9. 2600 · DTP · Date or Time or Period · Max 14 · Optional

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

          10. 2700 · MRC · Mortgagor Response Characteristics · Max 2 · Optional

              To provide information on mortgagor responses and number of contacts made with a mortgagor

          11. 2800 · MSG · Message Text · Max 11 · Optional

              To provide a free-form format that allows the transmission of text information

              The MSG segment provides loan detail remarks or comments.

          12. 2810 · YNQ · Yes/No Question · Max 2 · Optional

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

              The YNQ segment is used to identify whether the property has fire insurance only, or a servicer had advanced funds on non-escrowed taxes.

          13. 2820 · PER · Administrative Communications Contact · Max >1 · Optional

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

       6. 2900 · LE · Loop Trailer · Max 1 · Optional

          To indicate that the loop immediately preceding this segment is complete

Summary

1. 0100 · QTY · Quantity Information · Max 2 · Optional

   To specify quantity information

   QTY and AMT provide loan administration summaries for all mortgages reported in Table 2.

2. 0200 · AMT · Monetary Amount Information · Max 2 · Optional

   To indicate the total monetary amount

3. 0300 · 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)