MISMO element BUYDOWN

Abstract	false (This can be used in an instance)
Nillable	false (Instance values cannot use xsi:nil)
Declared Namespaces	xmlns:xsd=http://www.w3.org/2001/XMLSchema

<xsd:element name="BUYDOWN_SUBSIDY">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">Information specific to a payment subsidy program associated with a loan. Buydown funds are usually collected at closing and used to reduce the borrower's payment during the first few years of a loan.</xsd:documentation>
    </xsd:annotation>
    <xsd:complexType>
        <xsd:sequence>
            <xsd:element ref="BUYDOWN_SUBSIDY_SCHEDULE" maxOccurs="unbounded"/>
        </xsd:sequence>
        <xsd:attribute name="ID" type="xsd:ID" use="optional">
            <xsd:annotation>
                <xsd:documentation xml:lang="en">Provides a unique Identifier for this container and a means by which to reference this container from within this data set</xsd:documentation>
            </xsd:annotation>
        </xsd:attribute>
        <xsd:attribute name="D1904" use="optional">
            <xsd:simpleType>
                <xsd:annotation>
                    <xsd:documentation xml:lang="en">Specifies the source of the buydown funds.</xsd:documentation>
                </xsd:annotation>
                <xsd:restriction base="xsd:string">
                    <xsd:enumeration value="Borrower"/>
                    <xsd:enumeration value="Seller"/>
                    <xsd:enumeration value="Employer"/>
                    <xsd:enumeration value="LenderPremiumFinanced">
                        <xsd:annotation>
                            <xsd:documentation xml:lang="en">Funds the lender derives from an increase in the interest rate on the mortgage and the corresponding sale of the mortgage at a premium.</xsd:documentation>
                        </xsd:annotation>
                    </xsd:enumeration>
                    <xsd:enumeration value="Builder"/>
                    <xsd:enumeration value="Unassigned"/>
                    <xsd:enumeration value="NonParentRelative"/>
                    <xsd:enumeration value="Parent"/>
                    <xsd:enumeration value="UnrelatedFriend"/>
                    <xsd:enumeration value="Other"/>
                </xsd:restriction>
            </xsd:simpleType>
        </xsd:attribute>
        <xsd:attribute name="D3231" type="xsd:string" use="optional">
            <xsd:annotation>
                <xsd:documentation xml:lang="en">A free-form text field used to capture the buydown subsidy contributor type if Other is selected as the buydown subsidy contributor type.</xsd:documentation>
            </xsd:annotation>
        </xsd:attribute>
        <xsd:attribute name="D3232" use="optional">
            <xsd:simpleType>
                <xsd:annotation>
                    <xsd:documentation xml:lang="en">Describes how the remaining buydown subsidy funds are disbursed at time of payoff.</xsd:documentation>
                </xsd:annotation>
                <xsd:restriction base="xsd:string">
                    <xsd:enumeration value="ApplyToPrincipal"/>
                    <xsd:enumeration value="ReturnToProvider"/>
                    <xsd:enumeration value="Unknown"/>
                </xsd:restriction>
            </xsd:simpleType>
        </xsd:attribute>
        <xsd:attribute name="D3233" type="xsd:string" use="optional">
            <xsd:annotation>
                <xsd:documentation xml:lang="en">The original amount of all funds from the indicated contributor held in trust for payment of the monthly buydown subsidy portion of the principal and interest payments per the buydown schedule.</xsd:documentation>
            </xsd:annotation>
        </xsd:attribute>
        <xsd:attribute name="D1899" type="xsd:string" use="optional">
            <xsd:annotation>
                <xsd:documentation xml:lang="en">The total number of months during which any buydown is in effect. This represents the accumulation of all of the buydown periods.</xsd:documentation>
            </xsd:annotation>
        </xsd:attribute>
    </xsd:complexType>
</xsd:element>

element {}BUYDOWN_SUBSIDY

Source

Documentation