LoanModificationType

Description
Identifies the note term(s) that changed as a result of a loan modification. More than one term could change as the result of one loan modification.

Type : LoanModificationEnum
Value Description
AmortizationMethodThe amortization method documented on the note is to be modified (e.g., adjustable rate)
InterestRateThe interest rate documented on the note is to be modified
MaturityDateThe date the loan is due, as documented on the note is to be modified
Other
PaymentAmountThe principal and interest payment as documented on the note is to be modified
PaymentFrequencyThe time period between payment due dates as documented on the note is to be modified
PrincipalAmountThe remaining principal balance due on the note.

Definition
Identifies the note term(s) that changed as a result of a loan modification. More than one term could change as the result of one loan modification.
(Defined in file MISMO_3.4.0_B324.xsd , or a file it imports)

Attributes
DataNotSuppliedReasonTypeA value from a MISMO prescribed list that specifies the reason a specific data point is not included in the message.
DataNotSuppliedReasonTypeAdditionalDescriptionA free-form text field used to provide a supplemental comment or remark regarding the Data Not Supplied Reason Type.
DataNotSuppliedReasonTypeOtherDescriptionA free-form text field used to capture the enumeration when Other is selected for Data Not Supplied Reason Type.
label
SensitiveIndicatorAllows producers and consumers of XML instance documents that are valid MISMO V3 documents to mark any data point to be treated as sensitive. MISMO recommends that any use of a data point labeled as "Sensitive Information" in the LDD ALWAYS have this attribute set to "true".

Parents
\MESSAGE\DEAL_SETS\DEAL_SET\DEALS\DEAL\LOANS\LOAN\MODIFICATIONS\MODIFICATION\MODIFICATION_ASPECTS\MODIFICATION_ASPECT