element ORIGINAL_LOAN

element {}ORIGINAL_LOAN

Abstractfalse (This can be used in an instance)
Nillablefalse (Instance values cannot use xsi:nil)
Declared Namespacesxmlns:xsd=http://www.w3.org/2001/XMLSchema


Source

<xsd:element name="ORIGINAL_LOAN">
    <
xsd:annotation>
        <
xsd:documentation xml:lang="en">Information specific to the initial loan closing. Includes information as present on the Mortgage Note at closing as well as limited underwriting information related to loan approval.</xsd:documentation>
    </
xsd:annotation>
    <
xsd:complexType>
        <
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="D2431" type="xsd:string" use="optional">
            <
xsd:annotation>
                <
xsd:documentation xml:lang="en">The date on the mortgage or note.</xsd:documentation>
            </
xsd:annotation>
        </
xsd:attribute>
        <
xsd:attribute name="D3399" type="xsd:string" use="optional">
            <
xsd:annotation>
                <
xsd:documentation xml:lang="en">Amount of the Mortgage as stated on the original note</xsd:documentation>
            </
xsd:annotation>
        </
xsd:attribute>
        <
xsd:attribute name="D2644" type="xsd:string" use="optional">
            <
xsd:annotation>
                <
xsd:documentation xml:lang="en">The ratio of loan amount on the Note to the appraised value, estimated value or purchase price of the property.</xsd:documentation>
            </
xsd:annotation>
        </
xsd:attribute>
        <
xsd:attribute name="D2004" type="xsd:string" use="optional">
            <
xsd:annotation>
                <
xsd:documentation xml:lang="en">The date of the first scheduled mortgage payment to be made by the borrower under the terms of the mortgage.</xsd:documentation>
            </
xsd:annotation>
        </
xsd:attribute>
        <
xsd:attribute name="D2018" type="xsd:string" use="optional">
            <
xsd:annotation>
                <
xsd:documentation xml:lang="en">The initial note rate at which interest accrues on the loan.</xsd:documentation>
            </
xsd:annotation>
        </
xsd:attribute>
        <
xsd:attribute name="D2077" use="optional">
            <
xsd:simpleType>
                <
xsd:annotation>
                    <
xsd:documentation xml:lang="en">Specifies the purpose for which the loan proceeds will be used.</xsd:documentation>
                </
xsd:annotation>
                <
xsd:restriction base="xsd:string">
                    <
xsd:enumeration value="Purchase">
                        <
xsd:annotation>
                            <
xsd:documentation xml:lang="en">A loan made in association with the original purchase of a piece of property.</xsd:documentation>
                        </
xsd:annotation>
                    </
xsd:enumeration>
                    <
xsd:enumeration value="Refinance">
                        <
xsd:annotation>
                            <
xsd:documentation xml:lang="en">The repayment of a debt from proceeds of a new loan using the same property as security.</xsd:documentation>
                        </
xsd:annotation>
                    </
xsd:enumeration>
                    <
xsd:enumeration value="ConstructionOnly">
                        <
xsd:annotation>
                            <
xsd:documentation xml:lang="en">A short term, interim loan for financing the cost of construction. The lender advances funds to the builder at periodic intervals as work progresses.</xsd:documentation>
                        </
xsd:annotation>
                    </
xsd:enumeration>
                    <
xsd:enumeration value="ConstructionToPermanent">
                        <
xsd:annotation>
                            <
xsd:documentation xml:lang="en">The subject loan will be used for construction financing and then be converted to permanent financing.</xsd:documentation>
                        </
xsd:annotation>
                    </
xsd:enumeration>
                    <
xsd:enumeration value="Other"/>
                    <
xsd:enumeration value="Unknown">
                        <
xsd:annotation>
                            <
xsd:documentation xml:lang="en">Loan Purpose has not been reported or is not known.</xsd:documentation>
                        </
xsd:annotation>
                    </
xsd:enumeration>
                </
xsd:restriction>
            </
xsd:simpleType>
        </
xsd:attribute>
        <
xsd:attribute name="D2076" type="xsd:string" use="optional">
            <
xsd:annotation>
                <
xsd:documentation xml:lang="en">A free-form text field used to capture the purpose of the loan when Other is indicated for Loan Purpose.</xsd:documentation>
            </
xsd:annotation>
        </
xsd:attribute>
        <
xsd:attribute name="D2839" use="optional">
            <
xsd:simpleType>
                <
xsd:annotation>
                    <
xsd:documentation xml:lang="en">Specifies how the lender has classified a refinanced loan.</xsd:documentation>
                </
xsd:annotation>
                <
xsd:restriction base="xsd:string">
                    <
xsd:enumeration value="CashOut"/>
                    <
xsd:enumeration value="NoCashOut"/>
                    <
xsd:enumeration value="Unknown"/>
                </
xsd:restriction>
            </
xsd:simpleType>
        </
xsd:attribute>
        <
xsd:attribute name="D2254" use="optional">
            <
xsd:simpleType>
                <
xsd:annotation>
                    <
xsd:documentation xml:lang="en">Specifies intended use by the borrower of the property.</xsd:documentation>
                </
xsd:annotation>
                <
xsd:restriction base="xsd:string">
                    <
xsd:enumeration value="PrimaryResidence"/>
                    <
xsd:enumeration value="SecondHome"/>
                    <
xsd:enumeration value="Investment"/>
                </
xsd:restriction>
            </
xsd:simpleType>
        </
xsd:attribute>
        <
xsd:attribute name="D2202" type="xsd:string" use="optional">
            <
xsd:annotation>
                <
xsd:documentation xml:lang="en">The total dollar amount paid by the borrower for the property pledged as security for the mortgage. The purchase price is presented on the offer to purchase.</xsd:documentation>
            </
xsd:annotation>
        </
xsd:attribute>
        <
xsd:attribute name="D3400" type="xsd:string" use="optional">
            <
xsd:annotation>
                <
xsd:documentation xml:lang="en">Name of previous property owner.</xsd:documentation>
            </
xsd:annotation>
        </
xsd:attribute>
        <
xsd:attribute name="D3401" type="xsd:string" use="optional">
            <
xsd:annotation>
                <
xsd:documentation xml:lang="en">The dollar amount of the P&amp;I payment as stated on the Note. The P&amp;I payment is usually obtained using the loan amount and interest rate to arrive at full amortization during the loan term.</xsd:documentation>
            </
xsd:annotation>
        </
xsd:attribute>
        <
xsd:attribute name="D3402" type="xsd:string" use="optional">
            <
xsd:annotation>
                <
xsd:documentation xml:lang="en">The amount of interest due with the first payment in addition to the regular payment as a result of the loan funding on a date other than one month prior to the due date (if interest is paid in arrears). This amount will be zero if odd interest was paid at closing.</xsd:documentation>
            </
xsd:annotation>
        </
xsd:attribute>
        <
xsd:attribute name="D3403" type="xsd:string" use="optional">
            <
xsd:annotation>
                <
xsd:documentation xml:lang="en">The amount of all interest scheduled to be paid on a Rule of 78s loan.</xsd:documentation>
            </
xsd:annotation>
        </
xsd:attribute>
    </
xsd:complexType>
</
xsd:element>


Documentation

Information specific to the initial loan closing.  Includes information as present on the Mortgage Note at closing as well as limited underwriting information related to loan approval.


element ORIGINAL_LOAN


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