LOAN

Description
Information specific to a mortgage loan agreement between one or more borrowers and a mortgage lender.

Type : LOAN

Definition
Information specific to a mortgage loan agreement between one or more borrowers and a mortgage lender.
(Defined in file MISMO_3.4.0_B324.xsd , or a file it imports)

Elements
ACHInformation specific to drafting of automatic/regular payment.Information specific to drafting of automatic/regular payment.
ADJUSTMENTData specific to the rules for adjustments and conversions to the interest rate and principal and interest payment for the life of the loan as specified in the Note. Includes provisions to capture the modifications to interest rate and principal and interest payment for each adjustment occurrence period. Also specifies the Rules for selecting the appropriate Index upon which the adjustments may be based.Data specific to the rules for adjustments and conversions to the interest rate and principal and interest payment for the life of the loan as specified in the Note. Includes provisions to capture the modifications to interest rate and principal and interest payment for each adjustment occurrence period. Also specifies the Rules for selecting the appropriate Index upon which the adjustments may be based.
AFFORDABLE_LENDING
AMORTIZATION
ASSUMABILITY
BILLING_ADDRESS
BUYDOWNDescribes the provision, schedule, and structure of funds used to reduce the interest rate and/or payment on a mortgage note a temporary basis. A permanent buydown is covered by points paid at origination, see Borrower Paid Discount Points Total Amount.Describes the provision, schedule, and structure of funds used to reduce the interest rate and/or payment on a mortgage note a temporary basis. A permanent buydown is covered by points paid at origination, see Borrower Paid Discount Points Total Amount.
CAPITALIZATIONSInformation about one or more types of capitalization for a loan. Holds all occurrences of CAPITALIZATION.Information about one or more types of capitalization for a loan. Holds all occurrences of CAPITALIZATION.
CHARGE_OFFInformation regarding identification, reason and total amounts charged off on the loan.Information regarding identification, reason and total amounts charged off on the loan.
CLOSING_INFORMATION
COLLECTIONSInformation about one or more types of collection efforts for a loan. Holds all occurrences of COLLECTION.Information about one or more types of collection efforts for a loan. Holds all occurrences of COLLECTION.
CONSTRUCTION
CONTRACT_VARIANCESInformation about one or more types of contract variances associated with a LOAN. Contains all instances of CONTRACT_VARIANCE.Information about one or more types of contract variances associated with a LOAN. Contains all instances of CONTRACT_VARIANCE.
CREDIT_ENHANCEMENTS
DISCLOSURESInformation about one or more types of disclosure. Holds all occurrences of DISCLOSURE.Information about one or more types of disclosure. Holds all occurrences of DISCLOSURE.
DOCUMENT_SPECIFIC_DATA_SETSData that is not used for anything else except for document preparation AND does not fit well anywhere else under DEAL.Data that is not used for anything else except for document preparation AND does not fit well anywhere else under DEAL.
DOCUMENTATIONS
DOWN_PAYMENTS
DRAWInformation on the disbursement of a portion of the loan proceeds to the borrower. This container would be used for a loan with a line of credit or a construction loan.Information on the disbursement of a portion of the loan proceeds to the borrower. This container would be used for a loan with a line of credit or a construction loan.
ESCROWInformation specific to funds collected through the loan payment and held to pay expenses such as taxes and insurance or funds held back after closing that are to be used for property improvements or repairs.Information specific to funds collected through the loan payment and held to pay expenses such as taxes and insurance or funds held back after closing that are to be used for property improvements or repairs.
EXTENSION
FEE_INFORMATION
FORECLOSURESInformation regarding foreclosure on a loan. Holds all occurrences of FORECLOSURE.Information regarding foreclosure on a loan. Holds all occurrences of FORECLOSURE.
GOVERNMENT_LOAN
HELOC
HIGH_COST_MORTGAGESInformation related to one or more determinations of the transaction as a high cost or higher priced mortgage. Holds all occurrences of HIGH_COST_MORTGAGE.Information related to one or more determinations of the transaction as a high cost or higher priced mortgage. Holds all occurrences of HIGH_COST_MORTGAGE.
HMDA_LOANInformation used for reporting on a HMDA specific loan.Information used for reporting on a HMDA specific loan.
HOUSING_EXPENSESInformation regarding one or more types of housing expense. Holds all occurrences of HOUSING_EXPENSE.Information regarding one or more types of housing expense. Holds all occurrences of HOUSING_EXPENSE.
INSURANCE_CLAIMSInformation about one or more insurance claims proceeds associated with the loan or subject property. Holds all occurrences of INSURANCE_CLAIM.Information about one or more insurance claims proceeds associated with the loan or subject property. Holds all occurrences of INSURANCE_CLAIM.
INTEREST_CALCULATION
INTEREST_ONLY
INVESTOR_FEATURES
INVESTOR_LOAN_INFORMATIONData specific to the relationship between the seller and the investor, including the reporting and financial obligations between the seller, the servicer, and the investor. The structure also holds data on the investor's interest in the Delivery Loan.Data specific to the relationship between the seller and the investor, including the reporting and financial obligations between the seller, the servicer, and the investor. The structure also holds data on the investor's interest in the Delivery Loan.
LATE_CHARGEDefines the calculation of late charges that apply when a borrower does not make timely payments.Defines the calculation of late charges that apply when a borrower does not make timely payments.
LOAN_COMMENTS
LOAN_DETAIL
LOAN_IDENTIFIERSCollection of current and previous identifiers for this loanCollection of current and previous identifiers for this loan
LOAN_LEVEL_CREDIT
LOAN_PRODUCTA collection of facts used as descriptors of the characteristics of a financial instrument for sale in the marketplace that an investor is willing to buy.A collection of facts used as descriptors of the characteristics of a financial instrument for sale in the marketplace that an investor is willing to buy.
LOAN_PROGRAMS
LOAN_STATE
LOAN_STATUSES
LTV
MATURITY
MERS_REGISTRATIONS
MI_DATAInformation specific to the mortgage insurance carried by the lender on the loan.Information specific to the mortgage insurance carried by the lender on the loan.
MODIFICATIONS
MORTGAGE_SCORES
NEGATIVE_AMORTIZATIONInformation regarding loans with negative amortization. Negative amortization is unpaid interest added to the mortgage principal. This applies to loans where the principal balance increases because the payments do not cover the interest.Information regarding loans with negative amortization. Negative amortization is unpaid interest added to the mortgage principal. This applies to loans where the principal balance increases because the payments do not cover the interest.
OPTIONAL_PRODUCTS
ORIGINATION_FUNDS
ORIGINATION_SYSTEMS
PAYMENT
PREPAYMENT_PENALTYInformation specific to calculation of penalties for partial or full principal re-payment prior to Loan Maturity.Information specific to calculation of penalties for partial or full principal re-payment prior to Loan Maturity.
PURCHASE_CREDITS
QUALIFICATION
QUALIFIED_MORTGAGEInformation used to describe and determine Qualified Mortgage loan eligibility.Information used to describe and determine Qualified Mortgage loan eligibility.
REFINANCE
REHABILITATION
REVERSE_MORTGAGEInformation specific to a reverse mortgage.Information specific to a reverse mortgage.
SERVICINGLoan level information on the servicing of the loan.Loan level information on the servicing of the loan.
TERMS_OF_LOANDescribes characteristics of the loan, including the behavior defined in the financial instrument.Describes characteristics of the loan, including the behavior defined in the financial instrument.
TREASURY_NPVInformation about the results and factors associated with the Treasury Net Present Value Test.Information about the results and factors associated with the Treasury Net Present Value Test.
UNDERWRITINGInformation about how the loan was underwritten, by whom the loan was underwritten, the underwriting decision, and key parameters influencing that decision.Information about how the loan was underwritten, by whom the loan was underwritten, the underwriting decision, and key parameters influencing that decision.
WORKOUTS

Attributes
IneligibleLoanProductIndicatorWhen true, indicates this Loan Product is ineligible based on Deal characteristics.
label
LoanRoleTypeAn attribute of LOAN used to identify the role the associated LOAN plays in the transaction.
SelectionTypeA classification of the collection of loan parameters to support borrower shopping for loan products or proposed loan products that would suit the current borrower needs.
SequenceNumberAn integer value used to provide an order to multi-instance sibling elements. The value must be unique for each sibling element.

Parents
\MESSAGE\DEAL_SETS\DEAL_SET\DEALS\DEAL\LOANS