SkipPaymentActionEnum
Title
SkipPaymentActionEnum

Description
Specifies the action to be taken when a skip payment feature is exercised.

Used By
\MESSAGE\DEAL_SETS\DEAL_SET\DEALS\DEAL\LOANS\LOAN\PAYMENT\SKIP_PAYMENT\SkipPaymentActionType ( SkipPaymentActionType )

Codes
Value Description
CapitalizeInterestInterest from the skipped payment is capitalized into the UPB.
CreateSubordinateLoanComponentPrincipal and interest from the skipped payment is used to create a subordinate loan component.
ExtendTermThe mortgage term is extended to amortize the skipped payment.
MakeupPaymentThe borrower makes up the skipped payment with an unscheduled payment.
Other