| CashReservesInsufficientIndicator | When true, indicates the borrower cannot make mortgage payments due to insufficient cash reserves.A data type of Indicator SHOULD identify a data point that represents a boolean value.
The value choices SHOULD be "true" or "false" but MAY be "1" or "0".
EXAMPLE: A Basement Finished Indicator for a basement that qualifies would be expressed as "true". |
| ExpensesIncreasedIndicator | When true, indicates the borrower cannot make mortgage payments due to an increase in expenses.A data type of Indicator SHOULD identify a data point that represents a boolean value.
The value choices SHOULD be "true" or "false" but MAY be "1" or "0".
EXAMPLE: A Basement Finished Indicator for a basement that qualifies would be expressed as "true". |
| EXTENSION | |
| HardshipExplanationDescription | Description of hardship event(s) related to the inability of the borrowers to make their loan payment(s).A data type of String SHOULD identify a data point that is either a text value consisting of a word, phrase, sentence, paragraph, or formatted (TAB, CR, LF) character content depending on its purpose or a numeric value with a maximum of 16383 characters and MAY have the lang attribute. There is no list of valid values provided.
EXAMPLE: A Disqualificaton Reason Text for excluding a product from those offered to a borrower could be expressed as "Does not meet income to indebtedness guidelines for down payment support.". |
| HouseholdFinancialCircumstancesChangedIndicator | When true, indicates the borrower cannot make mortgage payments due to a change in household financial circumstances.A data type of Indicator SHOULD identify a data point that represents a boolean value.
The value choices SHOULD be "true" or "false" but MAY be "1" or "0".
EXAMPLE: A Basement Finished Indicator for a basement that qualifies would be expressed as "true". |
| IncomeReducedOrLostIndicator | When true, indicates the borrower cannot make mortgage payments due to income reduction or loss.A data type of Indicator SHOULD identify a data point that represents a boolean value.
The value choices SHOULD be "true" or "false" but MAY be "1" or "0".
EXAMPLE: A Basement Finished Indicator for a basement that qualifies would be expressed as "true". |
| MonthlyDebtPaymentsExcessiveIndicator | When true, indicates the borrower cannot make mortgage payments because they are excessive.A data type of Indicator SHOULD identify a data point that represents a boolean value.
The value choices SHOULD be "true" or "false" but MAY be "1" or "0".
EXAMPLE: A Basement Finished Indicator for a basement that qualifies would be expressed as "true". |
| OtherHardshipReasonsIndicator | When true, indicates the borrower cannot make mortgage payments due to yet to be specified reason(s).A data type of Indicator SHOULD identify a data point that represents a boolean value.
The value choices SHOULD be "true" or "false" but MAY be "1" or "0".
EXAMPLE: A Basement Finished Indicator for a basement that qualifies would be expressed as "true". |