Loan Guaranty: Loan Servicing and Claims Procedures Modifications

DEPARTMENT OF VETERANS AFFAIRS

38 CFR Part 36

RIN 2900-AL65

Loan Guaranty: Loan Servicing and Claims Procedures Modifications

AGENCY:

Department of Veterans Affairs.

ACTION:

Supplemental notice of proposed rulemaking; reopening of comment period.

SUMMARY:

This document provides supplemental notice regarding a proposal to amend the Department of Veterans Affairs (VA) Loan Guaranty regulations related to several aspects of the servicing and liquidating of guaranteed housing loans in default, and submission of guaranty claims by loan holders. It provides specific information regarding the computer-based system that VA proposes to implement as part of the loan servicing and claims procedure modifications in this rulemaking. VA is reopening the comment period for the limited purpose of accepting public comments concerning the supplemental information provided in this notice.

DATES:

Comments must be received on or before December 11, 2006. All comments previously received following publication of the proposed rule referenced above are being considered and do not need to be resubmitted.

ADDRESSES:

Written comments may be submitted through

www.regulations.gov

; by mail or hand-delivery to the Director, Regulations Management (00REG), Department of Veterans Affairs, 810 Vermont Ave., NW, Room 1068, Washington, DC 20420; or by fax to (202) 273-9026. Comments should indicate that they are submitted in response to “RIN 2900-AL65.”; Copies of comments received will be available for public inspection in the Office of Regulation Policy and Management, Room 1063B, between the hours of 8 a.m. and 4:30 p.m., Monday through Friday (except holidays). Please call (202) 273-9515 for an appointment. In addition, during the comment period, comments may be viewed online through the Federal Document Management System (FDMS). Comments previously received regarding the notice of proposed rulemaking for RIN 2900-AL65, published February 18, 2005 (70 FR 8472), will still be considered in the rulemaking process and do not need to be resubmitted.

FOR FURTHER INFORMATION CONTACT:

Mike Frueh, Assistant Director for Loan Management (261), Veterans Benefits Administration, Department of Veterans Affairs, 810 Vermont Avenue, NW, Washington, DC 20420, at 202-273-7325. (This is not a toll-free telephone number.)

SUPPLEMENTARY INFORMATION:

VA published a notice of proposed rulemaking in the

Federal Register

on February 18, 2005 (70 FR 8472), to amend regulations concerning the servicing and claims submission requirements on VA-guaranteed home loans. Included in that proposed rule were requirements for reporting information to VA under new 38 CFR 36.4315a. Under the Revised Reporting Requirements preamble heading, 70 FR 8474-8475, VA stated that proposed § 36.4315a would require all loan holders to electronically report information to the Department by use of a computer system, and that VA would be providing more specific information on this system prior to implementation. As VA has progressed in developing the VA Loan Electronic Reporting Interface (VALERI) necessary to receive reports from loan servicers, it has more clearly defined the system events and data elements that would be reported under § 36.4315a and is now ready to submit for public comment this more detailed information on VALERI. VA identifies these events and data elements in the supplementary information that follows.

Event Definitions

(1)

Loan paid in full

—when the loan obligation has been fully satisfied by receipt of funds and not a servicing transfer.

(2)

Transfer of ownership

—when the title holder of the property changes.

(3)

Release of liability

—when an obligor has been released from liability.

(4)

Unauthorized transfer of ownership

—when the servicer discovers

that the loan has been assumed without prior approval (only on loans originated on or after March 1, 1988).

(5)

SCRA relief filed

—when any obligor on the loan requests or is deemed to be entitled to relief with regard to the loan under the Servicemembers Civil Relief Act (SCRA).

(6)

Partial release of security

—when pursuant to 38 CFR 36.4324, the holder has released the lien on a part of the security for the loan.

(7)

Insurable loss occurred

—when an insurable loss has occurred on the loan.

(8)

Servicing transfer (transferring servicer)

—when a servicer of a loan transfers servicing to a new servicer.

(9)

Servicing transfer (receiving servicer)

—when the new servicer boards the loan.

(10)

Electronic Default Notification (EDN)

—when the loan becomes at least 61 days delinquent.

(11)

Delinquency status

—when the holder notifies VA of any updates to the delinquency information on loans for which an EDN has been submitted.

(12)

Contact information change

—when there is a change to the contact information for current owners or a property or mailing address change.

(13)

Occupancy status change

—when there is a change in property occupancy status.

(14)

Bankruptcy filed

—when any owner files a petition under the Bankruptcy Code.

(15)

Bankruptcy update

—when a significant event related to the bankruptcy has occurred.

(16)

Loss mitigation letter sent

—when the holder sends the loss mitigation letter to the borrower as required by 38 CFR 36.4346(g)(1)(iv).

(17)

Partial payment returned

—when the holder returns a partial payment to the borrower.

(18)

Default cured/loan reinstated

—when a previously reported default (i.e., an EDN was filed) has been cured and the loan reinstated.

(19)

Cure/reinstatement reversal

—when a defaulted loan was reported “default cured/loan reinstated” and it must later be reversed.

(20)

Default reported to credit bureau

—when the holder notifies any of the credit bureaus of a defaulted loan or loan termination.

(21)

Extenuating property circumstances

—when extenuating property circumstances occur.

(22)

Repayment plan approved

—when the holder approves a repayment plan.

(23)

Repayment plan infeasible

—when the holder determines that a repayment plan is not feasible.

(24)

Special forbearance approved

—when the holder approves a special forbearance agreement.

(25)

Special forbearance infeasible

—when the holder determines that a special forbearance agreement is not feasible.

(26)

Loan modification approved

—when the holder approves a loan modification.

(27)

Loan modification complete

—when both the holder and the owner(s) have executed the modification agreement.

(28)

Loan modification infeasible

—when the holder determines the loan modification option infeasible.

(29)

Compromise sale approved

—when the holder approves a compromise sale.

(30)

Compromise sale complete

—when a compromise sale closes.

(31)

Compromise sale infeasible

—when the holder determines the compromise sale option infeasible.

(32)

Deed-in-lieu of foreclosure approved

—when the holder approves a deed-in-lieu of foreclosure.

(33)

Deed-in-lieu of foreclosure complete

—when the holder records the deed-in-lieu of foreclosure.

(34)

Deed-in-lieu of foreclosure infeasible

—when the holder determines the deed-in-lieu of foreclosure option infeasible.

(35)

Foreclosure referral

—when the loan is referred to legal counsel for foreclosure.

(36)

Foreclosure sale scheduled

—when the foreclosure sale is scheduled.

(37)

Substantial equity case

—when the holder determines that equity of at least 25 percent exists per 38 CFR 36.4319a(e).

(38)

Foreclosure sale postponed or cancelled

—when the foreclosure sale is postponed or cancelled.

(39)

Results of sale

—when the foreclosure sale is complete, the holder reports the results of the foreclosure sale.

(40)

Transfer of custody

—when the holder notifies VA of the holder's intent to convey the property.

(41)

Improper transfer of custody

—when the holder discovers that the conveyance of the property to VA was improper.

(42)

Invalid sale results

—when the foreclosure sale is invalid.

(43)

Changed sale results

—when the foreclosure sale results were changed.

(44)

Confirmed sale date with no transfer of custody

—when the loan is terminated, the property is not conveyed, and the property is located in a confirmation/ratification of sale state.

(45)

Basic claim information

—when the holder files a claim under guaranty.

(46)

Refunding Settlement

—when VA refunds a loan and the holder reports the tax and insurance information.

Data Element Definitions

Event name

Data elements

Business definition of data element

Header information for all event reporting

VA loan number

12 position unique identifier for each loan guaranteed by VA. The VA Loan Number consists of a two-position numeric code for the regional office which has jurisdiction over the loan (OJ), a two-position numeric code for the regional office which originated the loan (OO), a one-position code for the type of loan (T), and a seven-position serial number or loan number (NNNNNNN). The format is OJOOTNNNNNNN. VALERI uses the twelve-digit VA loan number as the primary means of identifying loan data.

Header information

Date of the loan

Month, day, and year that the loan originated.

Header information

Original loan amount

Total amount of principal owed on the mortgage at loan origination before any payments are made on the loan.

Header information

Property state abbreviation

The state abbreviation of the expanded property address.

Header information

Current servicer identification number

Unique VA-issued number for the servicer location that is responsible for billing, collecting and disbursing payments, and filing reports on the VA loan. VALERI also uses this as secondary loan identification data, as needed, to identify records.

Header information

Servicer loan number

Unique servicer-issued number given to the VA loan for record keeping on the servicer system. VALERI also uses this as secondary loan identification data, as needed, to identify records.

Header information

Unique event ID

Unique event identification number for event the servicer is reporting.

Monthly loan status update

Unpaid principal balance

Present portion of the loan not yet repaid, exclusive of interest or other charges.

Monthly loan status update

Payment due date (a.k.a. date of first uncured default)

Month, day, and year of the earliest payment not fully satisfied by the proper application of available credits or deposits.

Loan paid in full

Date loan was paid in full

Month, day, and year of full satisfaction of a guaranteed loan.

Transfer of ownership

Date of transfer of ownership

Month, day, and year that loan is assumed by another party (date of settlement).

Transfer of ownership

Last name of transferee, if applicable

Last name of individual assuming the loan; reported if an individual and not an entity is assuming the loan.

Transfer of ownership

First name of transferee, if applicable

First name of individual assuming the loan; reported if an individual and not an entity is assuming the loan

Transfer of ownership

Middle initial of transferee, if applicable

Middle initial of individual assuming the loan; reported if an individual and not an entity is assuming the loan.

Transfer of ownership

Suffix of transferee, if applicable

Suffix (Jr., Sr., III, etc.), if any, of individual assuming loan; reported if an individual and not an entity is assuming the loan.

Transfer of ownership

Social security number of transferee, if applicable

Social security number of individual assuming loan; reported if an individual and not an entity is assuming the loan.

Transfer of ownership

Name of entity assuming loan, if applicable

Name of entity assuming loan, if applicable; reported if an entity and not an individual is assuming the loan.

Transfer of ownership

Taxpayer identification number, if applicable

Taxpayer identification number of entity assuming the loan; reported if an entity and not an individual is assuming the loan.

Transfer of ownership

Last name of co-transferee, if applicable

Last name of second individual assuming the loan; reported if there is a co-transferee.

Transfer of ownership

First name of co-transferee, if applicable

First name of second individual assuming the loan; reported if there is a co-transferee.

Transfer of ownership

Middle initial of co-transferee, if applicable

Middle initial of second individual assuming the loan; reported if there is a co-transferee.

Transfer of ownership

Suffix of co-transferee, if applicable

Suffix (Jr., Sr., III, etc.), if any, of second individual assuming loan; reported if there is a co-transferee.

Transfer of ownership

Social security number of co-transferee, if applicable

Social security number of second individual assuming loan; reported if there is a co-transferee.

Release of liability

Date of release

Month, day, and year on which the former obligor is no longer responsible for the loan.

Unauthorized transfer of ownership

Date servicer discovers unauthorized transfer

Month, day, and year servicer discovers that a transfer of ownership occurred without prior approval by VA and/or servicer.

SCRA relief filed

Date SCRA relief requested

Month, day, and year assistance under the SCRA was requested (explicit request or discovery of eligibility during servicing).

SCRA relief filed

Effective date of SCRA relief (can be prior to request date)

Month, day, and year that the veteran became eligible for assistance under the SCRA.

SCRA relief filed

Expected SCRA relief end date

Month, day, and year the relief is expected to end pursuant to the requirements of the Act.

Partial release of security

Date partial release of security document was executed

Month, day, and year that the security document releasing a portion of the secured property is executed.

Partial release of security

Amount of the proceeds from the partial release of security that are applied to the outstanding loan balance

Amount that is applied to the outstanding loan balance from the partial release of security; if the loan to value ratio is greater than or equal to 80 percent, the servicer must apply sufficient proceeds from the release to the outstanding loan balance to bring LTV to less than 80 percent.

Partial release of security

Amount of consideration offered for the property

Amount offered for the portion of the security being released.

Partial release of security

Date applied to principal

Month, day, and year that proceeds from the partial release of security are applied to the loan balance.

Partial release of security

Unpaid principal balance after application of proceeds

Loan balance that is outstanding after application of proceeds from the partial release of security.

Partial release of security

Value of remaining security

Appraised value of the remaining security after the release is completed.

Insurable loss occurred

Type of damage

Type of property damage that resulted in an insurance claim being filed.

Insurable loss occurred

Fire Damage

Type of property damage that resulted in an insurance claim being filed is fire damage.

Insurable loss occurred

Neglect

Type of property damage that resulted in an insurance claim being filed is neglect.

Insurable loss occurred

Vandalized

Type of property damage that resulted in an insurance claim being filed is property vandalism.

Insurable loss occurred

Freeze

Type of property damage that resulted in an insurance claim being filed is the result of a freeze.

Insurable loss occurred

Storm

Type of property damage that resulted in an insurance claim being filed is caused by a storm.

Insurable loss occurred

Flood

Type of property damage that resulted in an insurance claim being filed is flood damage.

Insurable loss occurred

Unknown

Type of property damage that resulted in an insurance claim being filed is unknown.

Insurable loss occurred

Hurricane

Type of property damage that resulted in an insurance claim being filed is caused by a hurricane.

Insurable loss occurred

Hail

Type of property damage that resulted in an insurance claim being filed is hail damage.

Insurable loss occurred

Tornado

Type of property damage that resulted in an insurance claim being filed is tornado damage.

Insurable loss occurred

Wind

Type of property damage that resulted in an insurance claim being filed is wind damage.

Insurable loss occurred

Mud/Landslide

Type of property damage that resulted in an insurance claim being filed is mud or landslide damage.

Insurable loss occurred

Earthquake

Type of property damage that resulted in an insurance claim being filed is earthquake damage.

Insurable loss occurred

Boiler Explosion

Type of property damage that resulted in an insurance claim being filed was caused by a boiler explosion.

Insurable loss occurred

Untypical Damage

Type of property damage that resulted in an insurance claim being filed is other than the typical specified reasons.

Insurable loss occurred

Date damage discovered

Month, day, and year the damage is discovered by the servicer.

Insurable loss occurred

Date insurance claim filed

Month, day, and year that the insurance claim for damage is filed, either by the borrower or the servicer.

Insurable loss occurred

Total loss (Y/N)

Decision made by the insurance company as to whether or not the property can be repaired.

Servicing transfer (transferring servicer)

Servicing release date

Month, day, and year that a servicer transfers responsibility for servicing a guaranteed loan to another servicer.

Servicing transfer (transferring servicer)

Name of new servicer

Name of servicer receiving responsibility for servicing a guaranteed loan.

Servicing transfer (receiving servicer)

Date loan acquired

Month, day, and year on which a servicer became responsible for servicing a guaranteed loan.

Servicing transfer (receiving servicer)

Previous servicer loan number

Loan number associated with the loan on the previous servicer's system.

Electronic default notification

Date of first payment on the original loan

Month, day, and year of the first scheduled payment on the loan (per the loan instruments).

Electronic default notification

Payment due date

Month, day, and year of the earliest payment not fully satisfied by the proper application of available credits or deposits.

Electronic default notification

Property address line 1

The first line of the expanded property address.

Electronic default notification

Property address line 2

The second line of the expanded property address.

Electronic default notification

Property address unit number

The unit number of the expanded property address.

Electronic default notification

Property address city

The city name of the expanded property address.

Electronic default notification

Property address zip code

A group of fields containing the zip code.

Electronic default notification

Property address suffix

The zip code suffix of the expanded property address.

Electronic default notification

Property address state abbreviation

The state abbreviation of the expanded property address.

Electronic default notification

Last name of current owner, if applicable

Surname of the individual who currently owns the property; if owner is an individual and not an entity.

Electronic default notification

First name of current owner, if applicable

First name of the individual who currently owns the property.

Electronic default notification

Middle initial of current owner, if applicable

First letter of the middle name, if any, of the individual who currently owns the property; if owner is an individual and not an entity.

Electronic default notification

Suffix of current owner, if applicable

Suffix (Jr., Sr., III, etc.), if any, of the individual who currently owns the property; if owner is an individual and not an entity.

Electronic default notification

Social security number of current owner; if current owner is an individual

Unique SSA-issued number assigned to the individual who currently owns the property; if owner is an individual and not an entity.

Electronic default notification

Last name of current co-owner, if applicable

Surname of the individual who currently co-owns the property, if applicable.

Electronic default notification

First name of current co-owner, if applicable

First name of the individual who currently co-owns the property, if applicable.

Electronic default notification

Middle initial of current co-owner, if applicable

First letter of the middle name, if any, of the individual who currently co-owns the property, if applicable.

Electronic default notification

Suffix of current co-owner, if applicable

Suffix (Jr., Sr., III, etc.), if any, of the individual who currently co-owns the property, if applicable.

Electronic default notification

Social security number of current co-owner; if applicable

Unique SSA-issued number assigned to the individual who currently co-owns the property, if applicable.

Electronic default notification

Name of entity that is current owner, if applicable

Name of entity that currently owns the property, if owner is an entity and not an individual.

Electronic default notification

Taxpayer identification number, if current owner is an entity

Unique IRS-issued number assigned to the entity who currently owns the property, if owner is an entity and not an individual.

Electronic default notification

Mailing address line 1 (if different from property address)

First line of the mailing address of current owners.

Electronic default notification

Mailing address line 2 (if different from property address)

Second line of the mailing address of current owners.

Electronic default notification

Mailing address suffix (if different from property address)

The zip code suffix of the mailing address.

Electronic default notification

Mailing address unit number (if different from property address)

The unit number of the expanded mailing address.

Electronic default notification

Mailing address city (if different from property address)

The city name of the expanded mailing address.

Electronic default notification

Mailing address zip code (if different from property address)

A group of fields containing the zip code +4 of the expanded mailing address.

Electronic default notification

Mailing address state abbreviation (if different from property address)

The state abbreviation of the expanded mailing address.

Electronic default notification

Interest rate on loan

Rate of interest charged on the loan, expressed as a percentage, per the loan instruments.

Electronic default notification

Unpaid principal balance

Present portion of the loan not yet repaid, exclusive of interest or other charges.

Electronic default notification

Principal and interest (P&I) portion of monthly installment

Amount of principal and interest due monthly under the terms of the loan agreement.

Electronic default notification

Taxes and insurance (T&I) portion of monthly installment

Amount of the tax and insurance deposit due monthly under the terms of the loan agreement and determined by the servicer in accordance with Real Estate Settlement Procedures Act (RESPA).

Electronic default notification

Other portion of monthly installment

Amount due monthly that does not pertain to principal and interest, taxes and insurance or late charges due under the terms of the obligation as of notice date (e.g., Homeowner Association (HOA) fees).

Electronic default notification

Late charges due

Amount due as a result of penalties imposed by the servicer that a borrower must pay when a payment is missed or made after the due date under the terms of the obligation as of notice date.

Electronic default notification

Occupant of property

Status of who currently resides in the property securing the loan obligation, or reason why no one resides there.

Electronic default notification

Original veteran

Individual who signed the loan documents and originated the loan.

Electronic default notification

Tenant

Individual who rents or leases the property securing the loan obligation.

Electronic default notification

Transferee

Individual who purchased the property and may have assumed the loan.

Electronic default notification

Vacant

Property is not occupied by anyone but appears to be maintained and is secure.

Electronic default notification

Abandoned

Property is vacant, is not being maintained, is not offered for sale or rent, and there has been no contact with the current owner.

Electronic default notification

First phone number (obligor 1)

First phone number (obligor 1).

Electronic default notification

Phone number type for first phone number (obligor 1)

Phone number type for first phone number (obligor 1).

Electronic default notification

Home

Home.

Electronic default notification

Work

Work.

Electronic default notification

Cell

Cell.

Electronic default notification

Second phone number (obligor 1)

Second phone number (obligor 1).

Electronic default notification

Phone number type for second phone number (obligor 1)

Phone number type for second phone number (obligor 1).

Electronic default notification

Home

Home.

Electronic default notification

Work

Work.

Electronic default notification

Cell

Cell.

Electronic default notification

Phone number (obligor 2)

Phone number (obligor 2).

Electronic default notification

Phone number type (obligor 2)

Phone number type (obligor 2).

Electronic default notification

Home

Home.

Electronic default notification

Work

Work.

Electronic default notification

Cell

Cell.

Electronic default notification

Phone number 1 (other authorized party)

Phone number 1 (other authorized party).

Electronic default notification

Primary reason for default (servicer may report only one)

Reason obligor is unable to or did not remit monthly payments.

Electronic default notification

Business failure

Reason for default is the occupation, work, or trade in which obligor is engaged did not generate enough funds for obligor to meet his financial obligations.

Electronic default notification

Casualty loss

Reason for default is the damage to the property as a result of a fire, storm, accident, flood, earthquake, or other catastrophic event.

Electronic default notification

Curtailment of income

Reason for default is a reduction or the curtailment of obligor's income from employment, investment, or other sources.

Electronic default notification

Death of borrower

Reason for default is that the obligor died.

Electronic default notification

Death of borrower's family member

Reason for default is the death of obligor's relative who was contributing towards the loan (directly or indirectly) and/or that obligor has incurred extraordinary expenses as a result of such death.

Electronic default notification

Distant employment transfer

Reason for default is the result of the borrower being transferred or relocated to a distant job location.

Electronic default notification

Energy/environmental cost

Reason for default is the result of the borrower incurring excessive energy related costs or costs associated with removal of an environmental hazard in or near the property.

Electronic default notification

Excessive obligations

Reason for default is obligor(s) incurred excessive debt in addition to the mortgage obligation or the mortgage payment has increased significantly.

Electronic default notification

Fraud

Reason for default is a legal dispute arising out of a fraudulent or illegal action that occurred in connection with the origination of the mortgage or at a later date.

Electronic default notification

Illness of borrower

Reason for default is a serious illness that keeps the borrower from working and generating income, and/or the borrower has incurred extraordinary expenses as a result of the illness.

Electronic default notification

Illness of borrower's family

Reason for default is the result of obligor(s) incurring extraordinary expenses as the result of the illness of a family member.

Electronic default notification

Inability to rent property

Reason for default is obligor has insufficient income and/or assets to make the monthly mortgage payment and the rental property is vacant.

Electronic default notification

Inability to sell property

Reason for default is obligor has insufficient income and/or assets to make the monthly mortgage payment and is unable to sell the property.

Electronic default notification

Incarceration

Reason for default is the result of obligor being jailed or imprisoned, regardless of whether obligor is still incarcerated.

Electronic default notification

Marital difficulties

Reason for default is problems associated with separation or divorce including dispute over payments during divorce settlement, reduction in income available to pay the mortgage debt, etc.

Electronic default notification

Military service

Reason for default is the result of obligor being called into active duty status and the military pay is insufficient to make the monthly mortgage payment.

Electronic default notification

Payment adjustment

Reason for default is the result of the borrower being unable to make new payments that resulted from an increase in the monthly payment.

Electronic default notification

Payment dispute

Reason for default is the result of a disagreement between obligor and the mortgage servicer about the amount of the mortgage payment, the acceptance of a partial payment, the application of previous payments, etc., that result in obligor refusing to make payments until the dispute is resolved.

Electronic default notification

Property problems

Reason for default is the result of the condition of the property such as substandard construction, expensive and extensive repairs required, etc.

Electronic default notification

Servicing problems

Reason for default is the result of obligor being dissatisfied with the servicer of the loan or with the fact that servicing has been transferred to a new servicer.

Electronic default notification

Tenant not paying

Reason for default is the result of the obligor's tenant not paying rent.

Electronic default notification

Transfer of ownership

Reason for default is the result of the obligor not making payments while sale of the property is pending.

Electronic default notification

Unemployment notification

Reason for default is the result of a reduction in obligor's income due to loss of job.

Electronic default notification

Borrower never responded to outreach

Reason for default is unknown (unable to get contact or unable to determine the reason).

Delinquency status

Unpaid principal balance (UPB)

Amount of principal due under the terms of the obligation as of payment due date.

Delinquency status

Payment due date

Month, day, and year of the earliest payment not fully satisfied by the proper application of available credits or deposits.

Delinquency status

Principal and interest (P&I) portion of monthly installment, if changed

Amount of principal and interest due monthly under the terms of the loan agreement, if changed from last report.

Delinquency status

Taxes and insurance (T&I) portion of monthly installment, if changed

Amount of taxes and insurance due monthly under the terms of the loan agreement, if changed from last report.

Delinquency status

Other portion of monthly installment, if changed

Amount due that does not pertain to principal and interest and/or taxes and insurance, due under the terms of the obligation (example is HOA fees), if changed from last report.

Delinquency status

Late charges due

Amount due as a result of penalties imposed by the servicer that a borrower must pay when a payment is missed or made after the due date under the terms of the obligation as of notice date.

Delinquency status

Expenses incurred to date

Any costs that have been paid by the servicer and can be charged to the loan.

Contact information change

Updated mailing address line 1 (if different from property address)

First line of the mailing address of current owners, if changed from last report.

Contact information change

Updated mailing address line 2 (if different from property address)

Second line of the mailing address of current owners, if changed from last report.

Contact information change

Updated mailing address unit number (if different from property address)

The unit number of the expanded mailing address, if changed from last report.

Contact information change

Updated mailing address city (if different from property address)

The city name of the expanded mailing address, if changed from last report.

Contact information change

Updated mailing address zip code (if different from property address)

A group of fields containing the zip code of the expanded mailing address, if changed from last report.

Contact information change

Updated mailing address suffix (if different from property address)

The zip code suffix of the mailing address, if changed from last report.

Contact information change

Updated mailing address state abbreviation (if different from property address)

The state abbreviation of the expanded mailing address, if changed from last report.

Contact information change

Updated first phone number (obligor 1)

First phone number (obligor 1).

Contact information change

Updated phone number type for first phone number (obligor 1)

Phone number type for first phone number (obligor 1).

Contact information change

Home

Home.

Contact information change

Work

Work.

Contact information change

Cell

Cell.

Contact information change

Updated second phone number (obligor 1)

Second phone number (obligor 1).

Contact information change

Updated phone number type for second phone number (obligor 1)

Phone number type for second phone number (obligor 1).

Contact information change

Home

Home.

Contact information change

Work

Work.

Contact information change

Cell

Cell.

Contact information change

Updated phone number (obligor 2)

Phone number (obligor 2).

Contact information change

Updated phone number type (obligor 2)

Phone number type (obligor 2).

Contact information change

Home

Home.

Contact information change

Work

Work.

Contact information change

Cell

Cell.

Contact information change

Updated phone number 1 (other authorized party)

Phone number 1 (other authorized party).

Occupancy status change

Date the change in occupancy status is discovered by servicer

Month, day, and year that occupancy status change was discovered by the servicer.

Occupancy status change

Occupancy status

Status of who currently resides in the property securing the loan obligation, or reason why no one resides there.

Occupancy status change

Original veteran

Original veteran currently resides in the property securing the loan obligation.

Occupancy status change

Tenant

Individual rents or leases the property securing the loan obligation.

Occupancy status change

Transferee

A conveyance was made and an individual/entity currently resides in the property securing the loan obligation.

Occupancy status change

Vacant

Property is not occupied by anyone but appears to be maintained and is secure.

Occupancy status change

Abandoned

Property is vacant, is not being maintained, and is not offered for sale or rent.

Bankruptcy filed

Date bankruptcy filed

Month, day, and year that obligor filed for protection under U.S. bankruptcy codes.

Bankruptcy filed

Type of bankruptcy

Type of bankruptcy (chapter number) under which the obligor filed for protection.

Bankruptcy filed

Chapter 7

Chapter of the U.S. bankruptcy code providing for the sale of an obligor's nonexempt property and assets and the distribution of the proceeds to creditors.

Bankruptcy filed

Chapter 11

Chapter of the U.S. bankruptcy code providing obligor or obligor's failing firm protection against all creditors while being reorganized to pay off debts.

Bankruptcy filed

Chapter 12

Chapter of the U.S. bankruptcy code designed to give special relief to obligor if obligor is a family farmer with seasonal income.

Bankruptcy filed

Chapter 13

Chapter of the U.S. bankruptcy code allowing obligor to begin debt repayment without forfeiting property.

Bankruptcy filed

Bankruptcy case number

Case number assigned by the bankruptcy court.

Bankruptcy filed

Bankruptcy code

Indicates whether the mortgagor, co-mortgagor, or both are filing bankruptcy.

Bankruptcy filed

Only the obligor has filed

Indicates that only the obligor has filed for bankruptcy.

Bankruptcy filed

Only the co-obligor has filed

Indicates that only the co-obligor has filed for bankruptcy.

Bankruptcy filed

Both the obligor and co-obligor have filed

Indicates that both obligor and co-obligor have filed for bankruptcy

Bankruptcy filed

Name(s) of debtor(s)-report all applicable

Name of obligor(s) that filed petition for relief under the U.S. bankruptcy code-report all applicable.

Bankruptcy filed

Alternate debtor

This field indicates the second alternate debtor (if any) for the loan.

Bankruptcy filed

Social security number (SSN)(s) of debtor(s)

Unique SSA-issued number or unique IRS-issued number (TIN) of the obligor(s) that filed a petition for relief under the U.S. bankruptcy code.

Bankruptcy filed

Alternate debtor social security number (SSN)

This field indicates the second alternate debtor social security number (if any) for the loan.

Bankruptcy update

Bankruptcy event

Any significant action taken during the bankruptcy process as defined in the eight following items.

Bankruptcy update

Date relief of stay filed

Date a petition was filed by servicer requesting relief from the stay so that servicer may proceed to terminate the loan.

Bankruptcy update

Date of discharge

Date of the court order terminating bankruptcy proceedings, usually relieving the obligor of his/her obligation.

Bankruptcy update

Date of dismissal

Date of the court order terminating the case without either the entry of a discharge or a denial of discharge.

Bankruptcy update

Date stay lifted

Date of the court order permitting collection/termination actions against the obligor and/or the property that secures the loan.

Loss mitigation letter sent

Date that the letter was sent

Month, day, and year loss mitigation (foreclosure avoidance) notice sent by the servicer.

Partial payment returned

Reason why the partial payment was returned

VA-authorized reason for the return of a payment of any amount less than the full amount due under the loan terms.

Partial payment returned

Tenant payments not being forwarded

Property is completely or partially tenant-occupied and rental payments are not being paid to servicer for application to the loan account.

Partial payment returned

Less than 50 percent of total due and no repayment plan is in place

Payment is less than 50 percent of the total amount then due, and the amount has not been agreed to in a documented repayment plan.

Partial payment returned

Personal checks not accepted

Amount tendered is in the form of a personal check and the borrower has been previously notified in writing that only cash or certified payments are acceptable.

Partial payment returned

Foreclosure process started

Foreclosure has been started with the first action required for foreclosure under local law.

Partial payment returned

Less than one monthly installment and no repayment plan in place

Payment is less than one full monthly installment, including escrow and late charges, and the amount has not been agreed to in a documented repayment plan.

Partial payment returned

Less than repayment plan agreed amount

Payment is less than the amount agreed to in a documented repayment plan.

Partial payment returned

Unpaid delinquency over six months and no repayment plan in place

Delinquency of any amount has continued for at least 6 months since the account first became delinquent and no documented repayment plan has been arranged.

Partial payment returned

Servicer lien would be jeopardized

Holder's lien position would be jeopardized by acceptance of partial payment.

Partial payment returned

Date partial payment returned

Month, day, and year that servicer returned the partial payment.

Partial payment returned

Amount of partial payment returned

Amount of partial payment that servicer returned.

Default cured/loan reinstated

Date loan reinstated

Month, day, and year all delinquent amounts were fully repaid; a loan is current if the payment due date is the first day of the next month (as of the last day of the previous month).

Cure/reinstatement reversal

Date of reversal

Month, day, and year the servicer discovered that a previously reported cure was in error.

Cure/reinstatement reversal

Payment due date

Month, day, and year the last full monthly obligation was applied; as of the date of the cure reversal.

Cure/reinstatement reversal

Reason for reversal

Basis for determination that all delinquent amounts thought to be fully repaid were not.

Cure/reinstatement reversal

NSF check

Reason for reversal of cured default is that obligor's bank account has insufficient funds available to pay the check.

Cure/reinstatement reversal

Misapplication of funds

Reason for reversal of cured default is that funds were applied to the loan in error.

Cure/reinstatement reversal

Reporting error (includes erroneously reported servicing transferred)

Reason for reversal of cured default is that the servicer reported the cure in error.

Default reported to credit bureau

Date reported

Month, day, and year that servicer reports to the credit bureau that obligor has failed to comply with the terms of the loan agreement.

Extenuating property circumstances

Date the extenuating property circumstance was discovered

The date the property damage was discovered.

Extenuating property circumstances

Type of unusual property circumstance

Basis for determination that foreclosure process should be sped up or delayed due to the condition of obligor's property.

Extenuating property circumstances

Hazardous conditions or materials

Reason for extenuating property circumstances is the presence of conditions or materials on the property which create an immediate or potential danger to the public health or safety or to the environment.

Extenuating property circumstances

Significant property deterioration

Reason for extenuating property circumstances is property has deteriorated significantly.

Extenuating property circumstances

Condemned

Reason for extenuating property circumstances is property is deemed legally unfit for occupancy or continued existence due to its physical defects or for other causes or the property is being acquired by a governmental body for public uses as per receipt of official notice from the appropriate local government office.

Extenuating property circumstances

Natural disaster

Reason for extenuating property circumstances is the result of a natural disaster, such as fire, storm, accident, flood, earthquake, or other catastrophic event.

Extenuating property circumstances

Property seizure

Law enforcement officials have taken a property that has been used (a) in connection with or acquired by illegal activities or (b) in satisfaction of an unpaid judgment.

Extenuating property circumstances

Demolished

Reason for extenuating property circumstances is property has been razed.

Extenuating property circumstances

Other

Reason for extenuating property circumstances is other than one of the reasons listed.

Repayment plan approved

Date repayment plan approved

Month, day, and year servicer approved written agreement with the obligor for reinstatement of the loan through a schedule of increased payments.

Repayment plan approved

Plan start date (month and year)

Month and year that repayment plan is documented to begin.

Repayment plan approved

Estimated cure date

Estimated month, day, and year the delinquency will be fully satisfied by the proper application of available credits or deposits resulting from the repay plan.

Repayment plan infeasible

Date of determination

Month, day, and year that servicer determines that a repay plan with the obligor is not a home retention option.

Repayment plan infeasible

Reason for infeasibility

Basis for determination that repay plan with the obligor is not a home retention option.

Repayment plan infeasible

Unwilling borrower(s)

Reason for infeasibility of the repay plan is that obligor does not agree to a repay plan.

Repayment plan infeasible

Unable to contact

Reason for infeasibility of the repay plan is that servicer is not able to contact obligor to negotiate.

Repayment plan infeasible

Current owner not liable

Reason for infeasibility of the repay plan is current owner of the property is not the obligor on the loan.

Repayment plan infeasible

Property abandoned

Reason for infeasibility of the repay plan is the property is vacant, is not being maintained, is not offered for sale or rent, and no contact with the borrower has been established.

Repayment plan infeasible

Insufficient income

Reason for infeasibility of the repay plan is that obligor does not have enough income to meet the obligations under a repay plan.

Special forbearance approved

Estimated cure date

Estimated month, day, and year the delinquency will be fully satisfied by the proper application of available credits or deposits resulting from the proposed special forbearance.

Special forbearance infeasible

Date of determination

Month, day, and year that servicer determines that neither suspension nor reduction of obligor's payments for one or more months is a home retention option.

Special forbearance infeasible

Reason for infeasibility

Basis for determination that special forbearance with the obligor is not a home retention option.

Special forbearance infeasible

Unwilling borrower

Reason for infeasibility of the special forbearance is that obligor does not agree to special forbearance.

Special forbearance infeasible

Unable to contact

Reason for infeasibility of the special forbearance is that servicer is not able to contact obligor to negotiate.

Special forbearance infeasible

Insufficient income

Reason for infeasibility of the special forbearance is that obligor does not have enough income to meet the obligations under a special forbearance.

Special forbearance infeasible

Current owner not liable

Reason for infeasibility of the special forbearance is current owner of the property is not the obligor on the loan.

Special forbearance infeasible

Property abandoned

Reason for infeasibility of the special forbearance is the property is vacant, is not being maintained, is not offered for sale or rent, and no contact with the homeowner has been established.

Special forbearance infeasible

No means to reinstate

Reason for infeasibility of the special forbearance is that reducing payments and/or forbearing payments will have no impact on the obligor's inability to cure the delinquency and reinstate the loan.

Loan modification approved

Date modification of loan approved

Month, day, and year that servicer approves a permanent change in one or more of the terms of the loan and usually includes re-amortization of the balance due.

Loan modification complete

Date loan modification fully executed

Month, day, and year that servicer and borrower execute the modification agreement thereby completing a permanent change in one or more of the terms of the loan that results in loan reinstatement.

Loan modification complete

Modified loan amount

Total amount of principal owed on the mortgage after the loan modification and before any payments are made; only unpaid principal, accrued interest, deficits in the taxes and insurance impound accounts, and advances required to preserve the lien position, such as HOA fees, special assessments, water and sewer liens, etc., may be included in the modified indebtedness; late fees and other charges may not be capitalized.

Loan modification complete

Term

Number of months over which the unpaid balance of the modified loan will be repaid.

Loan modification complete

Modified loan maturity date

Month, day, and year that modified loan will be paid in full.

Loan modification complete

Interest rate

Rate of interest charged on the loan, expressed as a percentage, per the modified loan instruments.

Loan modification complete

Date of first payment

Month, day, and year that first installment on modified loan is due.

Loan modification complete

New principal and interest (P&I) payment

Monthly amount due (for principal and interest) on the modified loan.

Loan modification infeasible

Date of determination

Month, day, and year that servicer determines that loan modification is not a home retention option.

Loan modification infeasible

Reason for infeasibility

Basis for determination that loan modification with the obligor is not a home retention option.

Loan modification infeasible

Unwilling borrower

Reason for infeasibility of the loan modification is that obligor does not agree to a loan modification.

Loan modification infeasible

Unable to contact

Reason for infeasibility of the loan modification is that servicer is not able to contact obligor to negotiate.

Loan modification infeasible

Insufficient income

Reason for infeasibility of the loan modification is that obligor does not have enough income to meet the obligations under a loan modification.

Loan modification infeasible

Insufficient borrower contribution

Reason for infeasibility of the loan modification is that obligor has insufficient cash to satisfy all delinquent amounts not included in the new loan amount.

Loan modification infeasible

Junior lien issues

Reason for infeasibility of the loan modification is that junior lien holder refuses to subordinate.

Loan modification infeasible

Ineligible-prior approval denied

Reason for infeasibility of the loan modification is that VA denied a prior approval of a non-conforming loan modification.

Loan modification infeasible

Ineligible-not submitted for prior approval

Reason for infeasibility of the loan modification is that the servicer did not submit a non-conforming loan modification for prior approval.

Loan modification infeasible

Current owner not liable

Reason for infeasibility of the loan modification is that the current owner is not legally liable on the loan.

Loan modification infeasible

Ginnie Mae pooling issues

Reason for infeasibility of the loan modification is that the servicer is unwilling to bear the cost of repurchasing the loan from the pool and/or repooling.

Loan modification infeasible

Property abandoned

Reason for infeasibility of the loan modification is the property is vacant, is not being maintained, and is not offered for sale or rent.

Loan modification infeasible

Not owner occupied

Reason for infeasibility of the loan modification is that the owner does not currently reside in the property.

Compromise sale approved

Date purchase offer submitted by borrower for consideration

Month, day, and year that obligor submits a purchase offer to the servicer for consideration where the proceeds of the private sale will be less than the amount required to pay the mortgage in full.

Compromise sale approved

Date compromise sale approved

Month, day, and year that servicer approves obligor's request to complete a private sale where the proceeds will be less than the amount required to pay the mortgage in full.

Compromise sale approved

Estimated settlement date

Estimated month, day, and year that obligor's property is scheduled to close by private sale and the proceeds will be less than the amount required to pay the mortgage in full.

Compromise sale complete

Actual settlement date

Actual month, day, and year that obligor's property was sold to a third party in a private sale and the proceeds were less than the amount required to pay the mortgage in full.

Compromise sale complete

Payoff of first mortgage loan (line 504 from HUD-1)

Net proceeds from the sale, listed in line 504 from HUD-1 form (also known as the “closing statement” or “settlement sheet”), which will be applied toward the payoff of the first mortgage loan.

Compromise sale infeasible

Date of determination

Month, day, and year that servicer determines that the compromise sale is not an alternative to foreclosure.

Compromise sale infeasible

Reason for infeasibility

Basis for determination that compromise sale is not an alternative to foreclosure.

Compromise sale infeasible

No buyers

Reason for infeasibility of the compromise sale is that there are no buyers interested in the obligor's property.

Compromise sale infeasible

Closing not consummated

Reason for infeasibility of the compromise sale is that a potential sale did not legally close.

Compromise sale infeasible

Unwilling borrower(s)

Reason for infeasibility of the compromise sale is that obligor does not agree to a compromise sale.

Compromise sale infeasible

Property abandoned

Reason for infeasibility of the compromise sale is the property is vacant, is not being maintained, is not offered for sale or rent, and no contact with the homeowner has been established.

Compromise sale infeasible

Unable to contact

Reason for infeasibility of the compromise sale is that servicer is not able to contact obligor to negotiate.

Compromise sale infeasible

Junior lien issues

Reason for infeasibility of the compromise sale is that junior lien holder is unwilling to participate in the compromise sale.

Compromise sale infeasible

Title problems

Reason for infeasibility of the compromise sale is that the owner is unable to provide clear title to the prospective purchaser.

Deed-in-lieu approved

Date DIL was requested

Month, day, and year that the obligor requests a voluntary transfer of the property to the holder in exchange for a release of all obligations under the mortgage.

Deed-in-lieu approved

Date of approval

Month, day, and year that a deed in lieu of foreclosure is approved by the servicer.

Deed-in-lieu complete

Date that deed was recorded

Month, day, and year that the deed in lieu of foreclosure was recorded with the local government office.

Deed-in-lieu complete

Net value

The fair market value of the property minus the VA cost factor (net value = fair market value of the property * (1-the net value factor)).

Deed-in-lieu complete

Total eligible indebtedness

The unpaid principal balance, accrued unpaid interest, allowable advances, liquidation expenses, and property preservation expenses (if incurred prior to the actual foreclosure sale date or the end of the foreclosure timeframe, whichever is earlier), less any credits.

Deed-in-lieu infeasible

Date of determination

Month, day, and year that servicer determines that the deed in lieu of foreclosure is not an alternative to foreclosure.

Deed-in-lieu infeasible

Reason for infeasibility

Basis for determination that deed in lieu of foreclosure is not an alternative to foreclosure.

Deed-in-lieu infeasible

Junior lien(s)

Reason for infeasibility of the deed in lieu of foreclosure is that there is a junior lien on the property.

Deed-in-lieu infeasible

Title problems

Reason for infeasibility of the deed in lieu of foreclosure is that the owner is unable to transfer clear title.

Deed-in-lieu infeasible

Unwilling borrower(s)

Reason for infeasibility of the deed in lieu of foreclosure is that one or more of the owners do not agree to a deed in lieu of foreclosure.

Deed-in-lieu infeasible

Property abandoned

Reason for infeasibility of the deed in lieu of foreclosure is the property is vacant, is not being maintained, is not offered for sale or rent, and contact with the homeowner has not been established.

Deed-in-lieu infeasible

Unable to contact

Reason for infeasibility of the deed in lieu of foreclosure is that servicer is not able to contact obligor to negotiate.

Foreclosure referral

Date of referral to attorney

Month, day, and year servicer refers obligor's loan to legal counsel to initiate the foreclosure process.

Foreclosure referral

Date of most recent property inspection

Month, day, and year of the most recently performed property inspection for the current default.

Foreclosure referral

Date 30 day delinquency letter sent (if no successful phone contact)

Month, day, and year that servicer sent 30 day delinquency letter (letter to the borrower if payment has not been received within 30 days after it was due and telephone contact could not be made—38CFR 36.4346(g)).

Foreclosure referral

Date phone contact successful

Month, day, and year that servicer successfully contacted obligor via telephone for the current default (“right party” contact).

Foreclosure referral

Updated reason for default at time of foreclosure

Basis for determination that foreclosure process should be initiated.

Foreclosure referral

Business failure

Reason for default is the occupation, work, or trade in which obligor is engaged did not generate enough funds to meet his financial obligations.

Foreclosure referral

Casualty loss

Reason for default is the damage to the property as a result of a fire, storm, accident, flood, earthquake, or other catastrophic event.

Foreclosure referral

Curtailment of income

Reason for default is a reduction or the curtailment of obligor's income from employment, investment, or other sources.

Foreclosure referral

Death of borrower

Reason for default is that the obligor died.

Foreclosure referral

Death of borrower's family member

Reason for default is the death of obligor's relative who is contributing towards the loan (directly or indirectly) and/or that obligor has incurred extraordinary expenses as a result of such death.

Foreclosure referral

Distant employment transfer

Reason for default is the result of the borrower being transferred or relocated to a distant job location.

Foreclosure referral

Energy/environmental cost

Reason for default is the result of the borrower incurring excessive energy related costs or costs associated with removal of an environmental hazard in or near the property.

Foreclosure referral

Excessive obligations

Reason for default is obligor incurred excessive debt in addition to the mortgage obligation or the mortgage payment has increased significantly.

Foreclosure referral

Fraud

Reason for default is a legal dispute arising out of a fraudulent or illegal action that occurred in connection with the origination of the mortgage or at a later date.

Foreclosure referral

Illness of borrower

Reason for default is a serious illness that keeps the borrower from working and generating income, and/or the borrower has incurred extraordinary expenses as a result of the illness.

Foreclosure referral

Illness of borrower's family

Reason for default is the result of obligor incurring extraordinary expenses as the result of the illness of a family member.

Foreclosure referral

Inability to rent property

Reason for default is obligor has insufficient income and/or assets to make the monthly mortgage payment and the rental property is vacant.

Foreclosure referral

Inability to sell property

Reason for default is obligor has insufficient income and/or assets to make the monthly mortgage payment and is unable to sell the property.

Foreclosure referral

Incarceration

Reason for default is the result of obligor being jailed or imprisoned, regardless of whether obligor is still incarcerated.

Foreclosure referral

Marital difficulties

Reason for default is problems associated with separation or divorce including dispute over payments during divorce settlement, reduction in income available to pay the mortgage debt, etc.

Foreclosure referral

Military service

Reason for default is the result of obligor being called into active duty status and the military pay is insufficient to make the monthly mortgage payment.

Foreclosure referral

Payment adjustment

Reason for default is the result of the borrower being unable to make new payments that resulted from an increase in the monthly payment.

Foreclosure referral

Payment dispute

Reason for default is that a disagreement between obligor and the mortgage servicer about the amount of the mortgage payment, the acceptance of a partial payment, the application of previous payments, etc. resulted in obligor refusing to make payments until the dispute is resolved.

Foreclosure referral

Property problems

Reason for default is the result of the condition of the property such as substandard construction, expensive and extensive repairs required, etc.

Foreclosure referral

Servicing problems

Reason for default is the result of obligor being dissatisfied with the servicer of the loan or with the fact that servicing has been transferred to a new servicer.

Foreclosure referral

Tenant not paying

Reason for default is the result of the obligor's tenant not paying rent.

Foreclosure referral

Transfer of ownership

Reason for default is the result of the obligor not making payments while sale of the property is pending.

Foreclosure referral

Unemployment notification

Reason for default is the result of a reduction in obligor's income due to loss of job.

Foreclosure referral

Borrower never responded to outreach

Reason for default is unknown (unable to get contact or unable to determine the reason).

Foreclosure sale scheduled

Date of scheduled foreclosure sale

Month, day, and year the property will be sold to satisfy the loan obligation (or month, day, and year it is anticipated the property will be sold to satisfy the loan obligation for states such as South Dakota).

Foreclosure sale scheduled

Foreclosure type

Type of legal process by which the property is sold to satisfy the loan obligation.

Foreclosure sale scheduled

Judicial

Type of foreclosure process done through court action.

Foreclosure sale scheduled

Non-judicial

Type of foreclosure process done through the power of sale.

Substantial equity case

Total eligible indebtedness

The unpaid principal balance, accrued unpaid interest, allowable advances, liquidation expenses, and property preservation expenses (if incurred prior to the actual foreclosure sale date or the end of the foreclosure timeframe, whichever is earlier), less any credits.

Substantial equity case

Estimated unpaid principal balance of all other liens

The unpaid balance of any outstanding liens against the property.

Substantial equity case

Calculated equity amount (fair market value less all liens)

The fair market value of the property minus all monies owed on other liens.

Foreclosure sale postponed or cancelled

Date postponed or cancelled

Month, day, and year that foreclosure sale is postponed or cancelled.

Foreclosure sale postponed or cancelled

Postponed or cancelled indicator

Indicator denoting whether the foreclosure sale was postponed or whether it was cancelled.

Foreclosure sale postponed or cancelled

Reason

Basis for postponement or cancellation of foreclosure sale.

Foreclosure sale postponed or cancelled

Reinstatement

Reason for postponement or cancellation of foreclosure sale is to allow additional time for obligor to reinstate the loan.

Foreclosure sale postponed or cancelled

Bankruptcy

Reason for postponement or cancellation of foreclosure sale is petition for relief was filed under U.S. bankruptcy codes by or on behalf of the obligor.

Foreclosure sale postponed or cancelled

Repayment plan

Reason for postponement or cancellation of foreclosure sale is servicer has an agreement with the obligor for reinstatement of the loan through a schedule of increased payments.

Foreclosure sale postponed or cancelled

Special forbearance

Reason for postponement or cancellation of foreclosure sale is servicer has an agreement with the obligor to suspend foreclosure for a specified period of time to allow for loan reinstatement.

Foreclosure sale postponed or cancelled

Loan modification

Reason for postponement or cancellation of foreclosure sale is servicer has modified or is considering modification of the loan that will result in loan reinstatement.

Foreclosure sale postponed or cancelled

Private sale

Reason for postponement or cancellation of foreclosure sale is to allow additional time for obligor to complete a sale of the property, in which there is equity.

Foreclosure sale postponed or cancelled

Compromise sale

Reason for postponement or cancellation of foreclosure sale is to allow additional time to complete a sale of the property, even though the sale proceeds will be less than the total indebtedness.

Foreclosure sale postponed or cancelled

Title problems

Reason for postponement or cancellation of foreclosure sale is that title search disclosed problems which must be resolved prior to foreclosure.

Foreclosure sale postponed or cancelled

VA requested (includes refund consideration)

Reason for postponement or cancellation of foreclosure sale is VA requested.

Foreclosure sale postponed or cancelled

Procedural errors (failure to give notice, legal issues, failure to comply with foreclosure laws, incorrect publication, trustee appointments, recording issues)

Reason for postponement or cancellation of foreclosure sale is procedural error, such as failure to give notice, legal issues, failure to comply with foreclosure laws, incorrect publication, trustee appointments, recording issues, etc.

Foreclosure sale postponed or cancelled

Late appraisal

Reason for postponement or cancellation of foreclosure sale is that appraisal was not performed in time to proceed to foreclosure sale.

Foreclosure sale postponed or cancelled

Contested foreclosure

Reason for postponement or cancellation of foreclosure sale is the obligor or other party contests the validity or priority of the mortgage or lien being foreclosed or creates an issue with respect to mortgage holder's right to foreclose it.

Foreclosure sale postponed or cancelled

Property damage

Reason for postponement or cancellation of foreclosure sale is damage to the property occurred subsequent to completion of liquidation appraisal which could change or invalidate the bid amount.

Foreclosure sale postponed or cancelled

Hazardous conditions or materials (when a municipality requires property clean-up prior to foreclosure)

Reason for postponement or cancellation of foreclosure sale is municipality requires property clean-up of hazardous conditions and/or materials prior to foreclosure sale, or servicer discovers hazardous conditions and/or materials that will have an impact on final value determination.

Foreclosure sale postponed or cancelled

Condemned (with need to demolish or eminent domain) or demolished

Reason for postponement or cancellation of foreclosure sale is property is (a) deemed legally unfit for occupancy or continued existence due to its physical defects or for other causes, (b) property is being acquired by a governmental body for public uses, or (c) property has already been torn down as a result of being condemned.

Foreclosure sale postponed or cancelled

Natural disaster

Reason for postponement or cancellation of foreclosure sale is result of a natural disaster, such as fire, storm, accident, flood, earthquake, or other catastrophic event.

Foreclosure sale postponed or cancelled

Property seizure

Reason for postponement or cancellation of foreclosure sale is the result of law enforcement officials taking the property that has been used in connection with or acquired by illegal activities or to satisfy an unpaid judgment.

Foreclosure sale postponed or cancelled

SCRA

Reason for postponement or cancellation of foreclosure sale is obligor has filed for relief under or is deemed to be entitled to the (SCRA).

Foreclosure sale postponed or cancelled

Other

Reason for postponement or cancellation of foreclosure sale is other than one of the reasons listed.

Results of sale

Date of sale

Month, day, and year the foreclosure sale was held.

Results of sale

Sherriff's appraised value (if applicable, Kentucky, Ohio. Louisiana, and Oklahoma only)

Value of the property as determined by the court-ordered sheriff's appraisal.

Results of sale

Successful bidder

Designates whether the successful bidder was the holder or a third party.

Results of sale

Holder

The property was acquired by the holder of the loan.

Results of sale

Third party

The property was acquired by a third party.

Results of sale

Amount of successful bid

The amount of money bid to acquire the property.

Results of sale

Net value

The fair market value of the property minus the VA cost factor (net value = fair market value of the property * (1-the net value factor)).

Results of sale

Total eligible indebtedness

The unpaid principal balance, accrued unpaid interest, allowable advances, liquidation expenses, and property preservation expenses (if incurred prior to the actual foreclosure sale date or the end of the foreclosure timeframe, whichever is earlier), less any credits.

Transfer of custody

Insurance type (flood, earthquake, forced place, homeowner's, wind, fire)-report all applicable

Information about insurance policy(ies) in force at the time of transfer of custody to VA.

Transfer of custody

Flood

Reported insurance type is flood insurance.

Transfer of custody

Earthquake

Reported insurance type is earthquake insurance.

Transfer of custody

Forced place

Reported insurance type is forced place insurance.

Transfer of custody

Homeowner's

Reported insurance type is homeowner's insurance.

Transfer of custody

Wind

Reported insurance type is wind insurance.

Transfer of custody

Fire

Reported insurance type is fire insurance.

Transfer of custody

Policy number

Unique insurance company issued number identifying the specific insurance coverage plan.

Transfer of custody

Name of carrier

Name of the company that provides the insurance coverage.

Transfer of custody

Expiration date

Month, day, and year that the insurance coverage terminates.

Transfer of custody

Tax parcel/identification number(s)-report as many as are applicable

Unique number assigned by the local taxing authority to identify the property.

Transfer of custody

Redemption expiration date (if applicable)

Month, day, and year on which the redemption period terminates.

Transfer of custody

Date of confirmation/ratification of sale

Month, day, and year the foreclosure sale was confirmed or ratified (as required by State law).

Transfer of custody

Mortgage holder's payee vendor ID (per internal VA financial system)

Unique VA-assigned number used to identify the payee for VA purposes; servicer reports own vendor ID if servicer is payee.

Transfer of custody

Payee loan number (if payee differs from servicer)

Unique payee-assigned custody number used to identify the account.

Improper transfer of custody

Reason for the improper transfer of custody

Reason servicer erroneously transferred custody of a property to VA.

Improper transfer of custody

Holder wanted to keep the property

Holder intended to retain property but conveyed to VA in error.

Improper transfer of custody

Third party was the successful bidder

Third party was successful bidder so holder did not have the option to convey to VA.

Invalid sale results

Reason sale invalidated

Basis for determining that results changed or sale was invalid.

Invalid sale results

Bankruptcy

Reason sale was determined to be invalid is that petition for relief was filed under U.S. bankruptcy codes by or on behalf of the obligor.

Invalid sale results

Contested foreclosure

Reason sale was determined to be invalid is that the foreclosure was contested.

Invalid sale results

Third party fails to consummate sale

Reason sale was determined to be invalid is that third party purchaser did not complete the purchase requirements.

Invalid sale results

Procedural errors

Reason sale was determined to be invalid is procedural error, such as failure to give notice, legal issues, failure to comply with foreclosure laws, incorrect publication, trustee appointments, recording issues, etc.

Invalid sale results

SCRA

Reason sale was determined to be invalid is that obligor has filed for relief under or is deemed to be entitled to the SCRA.

Changed sale results

Date third party failed to consummate the sale

Month, day, and year the third party failed to consummate the sale as per consummation requirements in the applicable state (i.e. the timeframe for consummation expired).

Confirmed sale date with no transfer of custody

Confirmation or ratification date (when no transfer of custody)

Month, day, and year of sale confirmation or ratification when the servicer chooses to retain the property and the property is located in a confirmation or ratification of sale state.

Basic Claim Information

Claim type (for the claim submission—initial, supplemental, appeal)

Type of claim servicer is submitting, either initial, supplemental, or appeal.

Basic Claim Information

Payee vendor ID (per FMS)

Unique FMS-assigned number used to identify the payee for VA purposes.

Basic Claim Information

Payee loan number (if payee differs from servicer)

Unique payee-assigned number, used to identify the account.

Basic Claim Information

Borrower prepayment amount

Any unscheduled payment to principal by the borrower.

Basic Claim Information

Date of prepayment

Month, day, and year each prepayment was applied.

Basic Claim Information

Interest Rate Changes

Interest Rate Changes.

Basic Claim Information

Effective date of change for SCRA (change date), if applicable

Effective date of change for SCRA (change date).

Basic Claim Information

Interest rate for SCRA change, if applicable

Interest rate for SCRA change.

Basic Claim Information

ARM Loans (report all changes)

ARM Loans (report all changes).

Basic Claim Information

Effective date of change for ARM loans (change date)

Effective date of change for ARM loans (change date).

Basic Claim Information

Margin (for ARM interest rate changes)

Margin (for ARM interest rate changes).

Basic Claim Information

Date loan termination reported to credit bureaus

Month, day, and year that servicer reports to the credit bureau that the loan has been terminated.

Basic Claim Information

Credits

Any monies being held to be applied to the account indebtedness.

Basic Claim Information

Refunds of insurance premiums

Any monies received from refunds of insurance premiums.

Basic Claim Information

Tenant rents

Any monies received from collection of rents from tenants.

Basic Claim Information

Insurance loss information

The following elements detail the allocation of insurance proceeds.

Basic Claim Information

Date insurance claim payment received by servicer

Month, day, and year monies were paid to servicer as a result of insurable loss.

Basic Claim Information

Date denied (if applicable)

Month, day, and year that the insurance claim for damages was denied.

Basic Claim Information

Proceeds from insurance claim

Amount of insurance loss proceeds received.

Basic Claim Information

Disposition of insurance proceeds

Whether the insurance monies received were (a) applied to the unpaid principal balance, (b) used to restore the security, or (c) held in suspense.

Basic Claim Information

Applied to UPB

Whether the monies were (a) above.

Basic Claim Information

Used to restore security

Whether the monies were (b) above.

Basic Claim Information

Held in suspense

Whether the monies were (c) above.

Basic Claim Information

Amount applied to principal (if applicable)

Amount of monies from the insurance loss proceeds that were applied to the unpaid principal balance.

Basic Claim Information

Date applied to UPB (if applicable)

Month, day, and year that the insurance loss proceeds were applied to the unpaid principal balance.

Basic Claim Information

Escrow credit balance

Amount of monies, if any, remaining in tax and insurance escrow account.

Basic Claim Information

Suspended credits (partial payments in suspense)

Any other monies being held in suspense.

Basic Claim Information

Buydown credits from origination (seller buydowns)

Any unapplied seller buydown credits from loan origination.

Basic Claim Information

Buydown credits from foreclosure (only for pre-VALERI claims)

Amounts applied to (1) principal balance, (2) interest, or (3) escrow to obtain specified bid (pre-VALERI terminations). Buydown funds should have been applied, not held in suspense.

Basic Claim Information

Date of buydown or buydowns

Date or dates of foreclosure buydowns (pre-VALERI terminations).

Basic Claim Information

Interest on escrow

Amount of monies earned from obligor's escrow account as a result of interest payments.

Basic Claim Information

Itemized Advances (payment date and amount must be provided for each)

Amounts required to be advanced by the servicer to preserve and protect the property and/or the lien position. Need date and amount for every advance).

Basic Claim Information

Insurance

Amounts advanced by the servicer to obtain and/or continue insurance coverage.

Basic Claim Information

Forced place (annual), must also provide effective date

Amounts advanced by the servicer to obtain and/or continue yearly forced place insurance coverage; including month, day, and year that coverage became effective.

Basic Claim Information

Forced place (monthly binder)

Amounts advanced by the servicer to obtain and/or continue monthly forced place insurance coverage.

Basic Claim Information

Flood

Amounts advanced by the servicer to obtain and/or continue flood insurance coverage.

Basic Claim Information

Homeowner's/Fire/Hazard

Amounts advanced by the servicer to obtain and/or continue homeowner's, fire, and/or hazard insurance coverage.

Basic Claim Information

Wind

Amounts advanced by the servicer to obtain and/or continue wind insurance coverage.

Basic Claim Information

Earthquake

Amounts advanced by the servicer to obtain and/or continue earthquake insurance coverage.

Basic Claim Information

Taxes

Amounts advanced by the servicer to pay amounts which were levied by a government authority upon the property.

Basic Claim Information

City

Amounts advanced by the servicer to pay city taxes.

Basic Claim Information

County/Parish

Amounts advanced by the servicer to pay county/parish taxes.

Basic Claim Information

School

Amounts advanced by the servicer to pay school taxes.

Basic Claim Information

Levee

Amounts advanced by the servicer to pay levee taxes.

Basic Claim Information

Township

Amounts advanced by the servicer to pay township taxes.

Basic Claim Information

Municipal Utility District (MUD)

Amounts advanced by the servicer to pay MUD taxes.

Basic Claim Information

Public Utility District (PUD)

Amounts advanced by the servicer to pay PUD taxes.

Basic Claim Information

Special assessments

Amounts advanced by the servicer to pay special assessments against the property.

Basic Claim Information

Ground rent

Amounts advanced by the servicer to pay ground rent due on the property.

Basic Claim Information

Association fees

Amounts advanced by the servicer to pay HOA, CIA, PUD, and/or condo association fees.

Basic Claim Information

Property preservation

Amounts advanced by the servicer to protect and preserve the property.

Basic Claim Information

Yard maintenance

Amounts advanced by the servicer for required yard maintenance services performed on the property.

Basic Claim Information

Initial cut up to 5,000 s.f.

Amounts advanced by the servicer for initial mowing services of up to 5,000 square feet.

Basic Claim Information

Initial cut 5,001-10,000 s.f.

Amounts advanced by the servicer for initial mowing services of between 5,001 and 10,000 square feet.

Basic Claim Information

Initial cut 10,000 s.f. or larger

Amounts advanced by the servicer for initial mowing services of greater than 10,000 square feet.

Basic Claim Information

Recut cut up to 5,000 s.f.

Amounts advanced by the servicer for additional mowing services of up to 5,000 square feet.

Basic Claim Information

Recut cut 5,001-10,000 s.f.

Amounts advanced by the servicer for additional mowing services of between 5,001 and 10,000 square feet.

Basic Claim Information

Recut cut 10,000 s.f. or larger

Amounts advanced by the servicer for additional mowing services of greater than 10,000 square feet.

Basic Claim Information

Trim shrubs

Amounts advanced by the servicer for shrub trimming services performed on the property.

Basic Claim Information

Snow removal

Amounts advanced by the servicer for snow removal services performed on the property.

Basic Claim Information

Winterization

Amounts advanced by the servicer to prepare the property to withstand cold winter conditions.

Basic Claim Information

Dry heat-1 unit

Amounts advanced by the servicer to winterize one property unit with dry heat.

Basic Claim Information

Dry heat-addl. units

Amounts advanced by the servicer to winterize any additional property units with dry heat.

Basic Claim Information

Wet heat-1unit

Amounts advanced by the servicer to winterize one property unit with wet heat.

Basic Claim Information

Wet heat-addl. unit

Amounts advanced by the servicer to winterize any additional property units with wet heat.

Basic Claim Information

Radiant heat-1 unit

Amounts advanced by the servicer to winterize one property unit with radiant heat.

Basic Claim Information

Radiant heat-addl. unit

Amounts advanced by the servicer to winterize any additional property units with radiant heat.

Basic Claim Information

Reduced pressure zone (RPZ) valve

Amounts advanced by the servicer to repair, replace, or install (as necessary to comply with state health department requirements) a reduced pressure zone (RPZ) valve.

Basic Claim Information

Pools, spas, and hot tubs winterization

Amounts advanced by the servicer to winterize pools, spas, and hot tubs.

Basic Claim Information

Utilities

Amounts advanced by the servicer to pay for necessary utility services.

Basic Claim Information

Electricity

Amounts advanced by the servicer to pay for electricity.

Basic Claim Information

Gas

Amounts advanced by the servicer to pay for gas.

Basic Claim Information

Oil

Amounts advanced by the servicer to pay for oil.

Basic Claim Information

Propane

Amounts advanced by the servicer to pay for propane.

Basic Claim Information

Water and sewer

Amounts advanced by the servicer to pay for water and sewer services.

Basic Claim Information

Equipment repair or replacement

Amounts advanced by the servicer for necessary equipment repair or replacement.

Basic Claim Information

Sump pump repair

Amounts advanced by the servicer to pay for repair of a required sump pump.

Basic Claim Information

Sump pump installation

Amounts advanced by the servicer to pay for installation of a required sump pump.

Basic Claim Information

Pumping water from basement

Amounts advanced by the servicer to pay for services related to removing water from the basement of the property.

Basic Claim Information

Water well (pump, tank, and lines)

Amounts advanced by the servicer to pay for necessary water well equipment repair or replacement.

Basic Claim Information

Securing

Amounts advanced by the servicer to properly secure, protect, and preserve vacant and abandoned properties.

Basic Claim Information

Securing of the property

Amounts advanced by the servicer to initially secure the property.

Basic Claim Information

Resecure property

Amounts advanced by the servicer to resecure the property.

Basic Claim Information

Temporary roof repairs

Amounts advanced by the servicer to make required temporary roof repairs.

Basic Claim Information

Pools, spas, and hot tubs securing

Amounts advanced by the servicer to properly secure pools, spas, and hot tubs.

Basic Claim Information

In-ground pools

Amounts advanced by the servicer to properly secure in-ground pools.

Basic Claim Information

Above ground

Amounts advanced by the servicer to properly secure above ground pools.

Basic Claim Information

Hot tubs or spas

Amounts advanced by the servicer to properly secure hot tubs or spas.

Basic Claim Information

Pools, spas, and hot tubs maintenance

Amounts advanced by the servicer to pay for necessary maintenance to pools, spas, and hot tubs.

Basic Claim Information

Boarding

Amounts advanced by the servicer to properly board any openings in the property (windows and doors) with plywood.

Basic Claim Information

Boarding-

1/2

″ plywood

Amounts advanced by the servicer to pay for boarding with

1/2

″ plywood.

Basic Claim Information

Boarding-

5/8

″ plywood

Amounts advanced by the servicer to pay for boarding with

5/8

″ plywood.

Basic Claim Information

Boarding-

3/4

″plywood

Amounts advanced by the servicer to pay for boarding with

3/4

″ plywood.

Basic Claim Information

Hazard Abatement

Amounts advanced by the servicer to take necessary actions in compliance with federal, state and local regulations with regards to environmental hazards (such as asbestos and radon).

Basic Claim Information

Debris removal

Amounts advanced by the servicer to remove debris from the property, in compliance with federal, state and local regulations.

Basic Claim Information

Cubic yards removed

Total number of cubic yards of debris removed.

Basic Claim Information

Amount paid per cubic yard

Amounts advanced by the servicer to remove debris from the property, per cubic yard.

Basic Claim Information

Number of units (1, 2, 3, or 4)

Amounts advanced by the servicer for debris removal from one unit.

Basic Claim Information

Vehicle removal

Amounts advanced by the servicer to remove abandoned vehicle(s) from the property in compliance with state and local requirements.

Basic Claim Information

Liquidation expenses

Expenses incurred by the servicer necessary to terminate the loan.

Basic Claim Information

Attorney fees

Expenses incurred by the servicer for legal representation necessary to terminate the loan.

Basic Claim Information

Foreclosure attorney fees

Expenses incurred by the servicer for necessary legal representation related to terminating the loan by foreclosure.

Basic Claim Information

DIL attorney fees

Expenses incurred by the servicer for necessary legal representation related to terminating the loan by deed in lieu of foreclosure.

Basic Claim Information

Bankruptcy attorney fees—chapter 7

Expenses incurred by the servicer for necessary legal representation related to filing for a relief of stay in a Chapter 7 bankruptcy proceeding.

Basic Claim Information

Bankruptcy attorney fees—chapter 13/11

Expenses incurred by the servicer for necessary legal representation related to filing for a relief of stay in a Chapter 13 or 11 bankruptcy proceeding.

Basic Claim Information

Bankruptcy attorney fees—multiple

Expenses incurred by the attorney fees-servicer for necessary legal multiple representation related to filing for a relief of stay in multiple bankruptcy proceedings.

Basic Claim Information

Ad litem/ curator fees/ warning order attorney fees

Expenses incurred by the servicer for legal representation appointed by a court to act on behalf of another party, which is necessary to terminate the loan.

Basic Claim Information

Attorney service tax

Expenses incurred by the servicer for payment of taxes imposed on attorney service fees.

Basic Claim Information

Attorney fee for foreclosure restarts

Expenses incurred by the servicer for necessary legal representation related to terminating the loan in the event that the initial foreclosure was cancelled (not postponed) due to events outside the servicer's control and must be restarted.

Basic Claim Information

Appraisals

Expenses incurred by the servicer to have a VA-assigned appraiser determine the market value of the property.

Basic Claim Information

Single unit

Expenses incurred by the servicer to have a VA-assigned appraiser determine the market value of the single unit property.

Basic Claim Information

Duplex

Expenses incurred by the servicer to have a VA-assigned appraiser determine the market value of the two unit property.

Basic Claim Information

Three units

Expenses incurred by the servicer to have a VA-assigned appraiser determine the market value of the three unit property.

Basic Claim Information

Four units

Expenses incurred by the servicer to have a VA-assigned appraiser determine the market value of the four unit property.

Basic Claim Information

Condominium

Expenses incurred by the servicer to have a VA-assigned appraiser determine the market value of the condominium property.

Basic Claim Information

Appraisal service tax

Expenses incurred by the servicer for payment of taxes imposed on services of appraiser.

Basic Claim Information

Court appraisal

Expenses incurred by the servicer to have a court ordered appraisal completed to determine the market value of the property.

Basic Claim Information

Mileage

Expenses incurred by the servicer to have a VA-assigned appraiser travel to the property to perform an appraisal.

Basic Claim Information

Appraisal update

Expenses incurred by the servicer to have a VA-assigned appraiser update the original appraisal of the property.

Basic Claim Information

Title

Expenses incurred by the servicer for title related costs necessary to terminate the loan.

Basic Claim Information

Title search

Expenses incurred by the servicer for search of records (performed by title company or attorney) prior to a foreclosure sale (to insure a valid foreclosure).

Basic Claim Information

Title examination

Expenses incurred by the servicer for a close examination of all public records that affect the title to the property, including reviewing past deeds, wills, and trusts to make sure the title has passed correctly to each owner and to verify that all prior mortgages have been extinguished.

Basic Claim Information

Title commitment

Expenses incurred by the servicer for a written commitment from the title company stating the conditions under which the title company will insure title to the property.

Basic Claim Information

Trustee sale guaranty (TSG)

Expenses incurred by the servicer for a written commitment from the title company stating the conditions under which it will insure title to the property following a proper foreclosure.

Basic Claim Information

Title endorsement

Expenses incurred by the servicer to pay required endorsement fees.

Basic Claim Information

Title update

Expenses incurred by the servicer to pay for required updates to the title commitment.

Basic Claim Information

Title policy

Expenses incurred by the servicer to pay for the title policy.

Basic Claim Information

Title opinion/abstracting legal opinion

Expenses incurred by the servicer for a statement issued by an attorney as to the quality of title after examining an abstract of title.

Basic Claim Information

Abstracting update

Expenses incurred by the servicer to pay for required updates to the abstract.

Basic Claim Information

Title service tax

Expenses incurred by the servicer to pay taxes imposed on title services.

Basic Claim Information

Certificate of regularity

Expenses incurred by the servicer to establish sufficiency of probate (wills) proceedings, or other proceedings held outside the county in which the property is situated.

Basic Claim Information

Filing fees

Expenses incurred by the servicer as charged by public officials in the property's area for recording or filing documents related to the loan obligation.

Basic Claim Information

Judgment

Expenses incurred by the servicer as charged by public officials for the recording or filing of a judgment.

Basic Claim Information

Bankruptcy

Expenses incurred by the servicer as charged by public officials for the recording or filing of bankruptcy-related motions.

Basic Claim Information

Lis pendens

Expenses incurred by the servicer as charged by public officials for the recording or filing of notice of the filing of a suit.

Basic Claim Information

Summons

Expenses incurred by the servicer as charged by public officials for the recording or filing of a summons.

Basic Claim Information

Complaint

Expenses incurred by the servicer as charged by public officials for the recording or filing of a complaint.

Basic Claim Information

Petition

Expenses incurred by the servicer as charged by public officials for the recording or filing of a petition.

Basic Claim Information

Order confirming sale

Expenses incurred by the servicer as charged by public officials for the recording or filing of an order confirming sale.

Basic Claim Information

Posting notice of sale

Expenses incurred by the servicer as charged by public officials for the posting of the notice of sale.

Basic Claim Information

Notice affidavit

Expenses incurred by the servicer as charged by public officials for the recording or filing of the affidavit stating that proper notice of sale was posted.

Basic Claim Information

Military affidavit

Expenses incurred by the servicer for a sworn, written statement, affirming that the property owner is not entitled to any rights under the SCRA.

Basic Claim Information

Notice of publication affidavit

Expenses incurred by the servicer as charged by public officials for the recording or filing of the affidavit stating that proper notice of sale was published.

Basic Claim Information

Index number

Expenses incurred by the servicer as charged by public officials for the recording or filing of the index number.

Basic Claim Information

Request for judicial intervention

Expenses incurred by the servicer as charged by public officials for the recording or filing of a request for judicial intervention.

Basic Claim Information

Recording fees—foreclosure

Expenses incurred by the servicer as charged by public officials for recording or filing foreclosure documents.

Basic Claim Information

Foreclosure deed (sheriff's, trustee's, referee's, or commissioner's deed)

Expenses incurred by the servicer as charged by public officials for recording or filing of the deed following foreclosure.

Basic Claim Information

Assignment of sheriff's deed

Expenses incurred by the servicer as charged by public officials for recording or filing the assignment of the deed following foreclosure.

Basic Claim Information

Sheriff's certificate of sale

Expenses incurred by the servicer as charged by public officials for recording or filing the Sheriff's certificate of sale.

Basic Claim Information

Assignment of sheriff's certificate of sale

Expenses incurred by the servicer as charged by public officials for recording or filing the assignment of the Sheriff's certificate of sale.

Basic Claim Information

Deed to VA

Expenses incurred by the servicer as charged by public officials for recording or filing the deed to VA.

Basic Claim Information

Notice of foreclosure

Expenses incurred by the servicer as charged by public officials for recording or filing the notice of foreclosure.

Basic Claim Information

Substitution of trustee (appointment, agreement, or document)

Expenses incurred by the servicer as charged by public officials for recording or filing the substitution of trustee.

Basic Claim Information

Notice of default/foreclosure notice

Expenses incurred by the servicer as charged by public officials for recording or filing the notice of default/foreclosure notice.

Basic Claim Information

Judgment

Expenses incurred by the servicer as charged by public officials for the recording or filing of a judgment.

Basic Claim Information

Summons

Expenses incurred by the servicer as charged by public officials for the recording or filing of a summons.

Basic Claim Information

Certificate of non-redemption

Expenses incurred by the servicer as charged by public officials for the recording or filing of a certificate of non-redemption.

Basic Claim Information

Recording Fees—DIL

Expenses incurred by the servicer as charged by public officials for recording or filing deed in lieu of foreclosure documents.

Basic Claim Information

Warranty deed from owner to holder

Expenses incurred by the servicer as charged by public officials for recording or filing the deed from owner to holder.

Basic Claim Information

Estoppel affidavit

Expenses incurred by the servicer as charged by public officials for recording or filing the estoppel affidavit.

Basic Claim Information

Deed to VA

Expenses incurred by the servicer as charged by public officials for recording or filing the deed to VA.

Basic Claim Information

Satisfaction of mortgage

Expenses incurred by the servicer as charged by public officials for recording or filing the satisfaction of mortgage/release of mortgage.

Basic Claim Information

Deed of reconveyance/full release

Expenses incurred by the servicer as charged by public officials for recording or filing the deed of reconveyance/full release.

Basic Claim Information

Foreclosure facilitation fees

Expenses incurred by the servicer as charged by public officials to facilitate the foreclosure process.

Basic Claim Information

Sheriff's/administrator/commissioner fees and costs (includes court costs)

Expenses payable with respect to sheriff/administrator/commissioner fees and costs.

Basic Claim Information

Trustee/referee/master in equity fees

Expenses incurred by the servicer to pay the trustee/referee/master in equity for fees charged.

Basic Claim Information

Auctioneer's fee

Expenses incurred by the servicer to pay the auctioneer to conduct the foreclosure sale.

Basic Claim Information

Court recorder fee

Expenses incurred by the servicer to pay the court recorder for recording services.

Basic Claim Information

Prothonatory/clerk's fee

Expenses incurred by the servicer to pay the prothonotary/clerk for fees charged.

Basic Claim Information

Other fees and costs

Expenses incurred by the servicer to pay for any liquidation Expenses not previously listed.

Basic Claim Information

Publication of sale/advertisement in newspaper or on the internet

Expenses incurred by the servicer to pay for publication/advertisement of the notice of sale in an appropriate newspaper.

Basic Claim Information

Service of process

Expenses incurred by the servicer to serve papers on any necessary party of interest.

Basic Claim Information

Personal (sheriff or private entity)

Expenses incurred by the servicer to pay for fees charged to personally serve papers on any necessary party of interest.

Basic Claim Information

By publication

Expenses incurred by the servicer to pay for fees charged to serve legal notice on any necessary party of interest by publication.

Basic Claim Information

By certified Mail

Expenses incurred by the servicer to send required notices by certified mail to all parties of interest.

Basic Claim Information

Investigation fee

Expenses incurred by the servicer to pay the investigator for fees charged.

Basic Claim Information

Non-extinguishable liens

Expenses incurred by the servicer to pay for any liens that are not extinguished by the foreclosure action.

Basic Claim Information

Committee fees and costs

Fees and costs incurred by the servicer to convene the committee to confirm the sale when there is equity and/or IRS liens.

Basic Claim Information

Transfer tax/documentary stamps

Expenses incurred by the servicer for the state or local tax payable upon the transfer of a title.

Basic Claim Information

Property inspections

Expenses incurred by the servicer for required property inspections.

Basic Claim Information

Dates inspections completed

Months, days, years, property inspections were completed.

Basic Claim Information

Property inspection fee

Expenses incurred by the servicer to pay fees charged for required property inspections.

Basic Claim Information

Municipal lien certificate

Expenses incurred by the servicer to obtain a municipal lien certificate.

Basic Claim Information

Title V septic (Massachusetts)

Expenses incurred by the servicer to inspect for and certify compliance with Title V septic requirements.

Basic Claim Information

Poundage

Fee charged by the court for handling the funds received from the sale of the property for third party bids.

Basic Claim Information

Mennonite notices

Expenses incurred by the servicer to notify every party holding a legally protected property interest whose name and address can reasonably be determined by diligent efforts.

Paperwork Reduction Act of 1995

While the proposed rule sets forth collections of information pertaining to proposed § 36.4315a, this supplemental notice contains no new or proposed revised collections of information outside of those referenced in the proposed rule.

Executive Order 12866

Executive Order 12866 directs agencies to assess all costs and benefits of available regulatory alternatives and, when regulation is necessary, to select regulatory approaches that maximize net benefits (including potential economic, environmental, public health and safety, and other advantages; distributive impacts; and equity). The Executive Order classifies a “significant regulatory action,” requiring review by the Office of Management and Budget (OMB) unless OMB waives such review, as any regulatory action that is likely to result in a rule that may: (1) Have an annual effect on the economy of $100 million or more or adversely affect in a material way the economy, a sector of the economy, productivity, competition, jobs, the environment, public health or safety, or State, local, or tribal governments or communities; (2) Create a serious inconsistency or otherwise interfere with an action taken or planned by another agency; (3) Materially alter the budgetary impact of entitlements, grants, user fees, or loan programs or the rights and obligations of recipients thereof; or (4) Raise novel legal or policy issues arising out of legal mandates, the President's priorities, or the principles set forth in the Executive Order.

The economic, interagency, budgetary, legal, and policy implications of this supplemental notice of proposed rulemaking has been examined, and it has been determined not to be a significant regulatory action under Executive Order 12866.

Unfunded Mandates

The Unfunded Mandates Reform Act requires, at 2 U.S.C. 1532, that agencies prepare an assessment of anticipated costs and benefits before developing any rule that may result in an expenditure by State, local, or tribal governments, in the aggregate, or by the private sector, of $100 million or more in any given year. This supplemental notice of proposed rulemaking would have no such effect on State, local, or tribal governments, or the private sector.

Regulatory Flexibility Act

The Secretary hereby certifies that this supplemental notice of proposed rulemaking would not have a significant economic impact on a substantial number of small entities as they are defined in the Regulatory Flexibility Act, 5 U.S.C. 601-612. This notice provides additional information concerning the computer-based system that VA proposed to implement in its prior rulemaking notice. The additional information does not alone have any economic impact on small entities. Therefore, pursuant to 5 U.S.C. 605(b), the supplemental notice of proposed rulemaking is exempt from the initial and final regulatory flexibility analysis requirements of sections 603 and 604.

Catalog of Federal Domestic Assistance

The Catalog of Federal Domestic Assistance Program number is 64.114, Veterans Housing Guaranteed and Insured Loans.

Approved: November 20, 2006.

R. James Nicholson,

Secretary of Veterans Affairs.

[FR Doc. 06-9403 Filed 11-21-06; 12:29 pm]

BILLING CODE 8320-01-P