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
- 0100Transaction Set HeaderMandatoryMax 1
To indicate the start of a transaction set and to assign a control number
- 0200Beginning SegmentMandatoryMax 1
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. - 0300Mortgagee Information StatusOptionalMax 1
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. - 0100 Loop MandatoryRepeat 2
- 0400Party IdentificationMandatoryMax 1
To identify a party by type of organization, name, and code
Loop 0100 identifies the sending and or the receiving parties. - 0500Additional Name InformationOptionalMax 1
To specify additional names
- 0600Party LocationOptionalMax 1
To specify the location of the named party
- 0700Geographic LocationOptionalMax 2
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. - 0800Administrative Communications ContactOptionalMax 2
To identify a person or office to whom administrative communications should be directed
- 0400Party IdentificationMandatoryMax 1
Detail
- 0200 Loop MandatoryRepeat >1
- 0100Transaction Set Line NumberMandatoryMax 1
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. - 0150Date/Time ReferenceOptionalMax 2
To specify pertinent dates and times
The DTM segment contains the reporting date of the loan defaults. - 0200Party IdentificationOptionalMax 1
To identify a party by type of organization, name, and code
- 0300Additional Name InformationOptionalMax 1
To specify additional names
- 0400Party LocationOptionalMax 1
To specify the location of the named party
- 0500Geographic LocationOptionalMax 1
To specify the geographic place of the named party
- 0600Reference InformationOptionalMax 2
To specify identifying information
- 0700Administrative Communications ContactOptionalMax 2
To identify a person or office to whom administrative communications should be directed
- 0800Quantity InformationOptionalMax 2
To specify quantity information
- 0900Monetary Amount InformationOptionalMax 2
To indicate the total monetary amount
- 0210 Loop MandatoryRepeat >1
- 1000Date or Time or PeriodMandatoryMax 1
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. - 1100Reference InformationMandatoryMax 10
To specify identifying information
The REF segment provides the associated reference numbers for a specific mortgage loan. - 0211 Loop OptionalRepeat >1
- 1200Party IdentificationMandatoryMax 1
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. - 1300Additional Name InformationOptionalMax 1
To specify additional names
- 1400Party LocationOptionalMax 1
To specify the location of the named party
The N3 and N4 segments contain the address information for the property. - 1500Geographic LocationOptionalMax 1
To specify the geographic place of the named party
- 1600Administrative Communications ContactOptionalMax 2
To identify a person or office to whom administrative communications should be directed
- 1650Reference InformationOptionalMax 4
To specify identifying information
- 1200Party IdentificationMandatoryMax 1
- 1700Loop HeaderOptionalMax 1
To indicate that the next segment begins a loop
- 0212 Loop OptionalRepeat 1
- 1800Real Estate ConditionMandatoryMax 1
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. - 1900Party LocationOptionalMax 1
To specify the location of the named party
The N3 and N4 segments provide the address information for the property. - 2000Geographic LocationOptionalMax 1
To specify the geographic place of the named party
- 2100Default InformationOptionalMax >1
To specify mortgage loan default information
The DFI, QTY, AMT, INT, SOM, DTP and MRC segments provide detail default information on the mortgage loan. - 2200Quantity InformationOptionalMax 1
To specify quantity information
- 2300Monetary Amount InformationOptionalMax 10
To indicate the total monetary amount
- 2400InterestOptionalMax 1
To specify interest rate and type and the applicable time period
- 2500Status of MortgageOptionalMax 10
To provide information on the status of a mortgage and the date actions were taken regarding the loan and the property
- 2600Date or Time or PeriodOptionalMax 14
To specify any or all of a date, a time, or a time period
- 2700Mortgagor Response CharacteristicsOptionalMax 2
To provide information on mortgagor responses and number of contacts made with a mortgagor
- 2800Message TextOptionalMax 11
To provide a free-form format that allows the transmission of text information
The MSG segment provides loan detail remarks or comments. - 2810Yes/No QuestionOptionalMax 2
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. - 2820Administrative Communications ContactOptionalMax >1
To identify a person or office to whom administrative communications should be directed
- 1800Real Estate ConditionMandatoryMax 1
- 2900Loop TrailerOptionalMax 1
To indicate that the loop immediately preceding this segment is complete
- 1000Date or Time or PeriodMandatoryMax 1
- 0100Transaction Set Line NumberMandatoryMax 1
Summary
- 0100Quantity InformationOptionalMax 2
To specify quantity information
QTY and AMT provide loan administration summaries for all mortgages reported in Table 2. - 0200Monetary Amount InformationOptionalMax 2
To indicate the total monetary amount
- 0300Transaction Set TrailerMandatoryMax 1
To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments)