Exhibit 2. Standard File Codes – Delinquency Reporting, Continued The FNMA Delinquent Reason Code field should show the Reason for Delinquency as follows: Delinquency Code Delinquency Description 001 FNMA-Death of principal mortgagor 002 FNMA-Illness of principal mortgagor 003 FNMA-Illness of mortgagor’s family member 004 FNMA-Death of mortgagor’s family member 005 FNMA-Marital difficulties 006 FNMA-Curtailment of income 007 FNMA-Excessive Obligation 008 FNMA-Abandonment of property 009 FNMA-Distant employee transfer 011 FNMA-Property problem 012 FNMA-Inability to sell property 013 FNMA-Inability to rent property 014 FNMA-Military Service 015 FNMA-Other 016 FNMA-Unemployment 017 FNMA-Business failure 019 FNMA-Casualty loss 022 FNMA-Energy environment costs 023 FNMA-Servicing problems 026 FNMA-Payment adjustment 027 FNMA-Payment dispute 029 FNMA-Transfer of ownership pending 030 FNMA-Fraud 031 FNMA-Unable to contact borrower INC FNMA-Incarceration
Exhibit 2. Standard File Codes – Delinquency Reporting The Loss Mit Type field should show the approved Loss Mitigation Code as follows: · ASUM- Approved Assumption · BAP- Borrower Assistance Program · CO- Charge Off · DIL- Deed-in-Lieu · FFA- Formal Forbearance Agreement · MOD- Loan Modification · PRE- Pre-Sale · SS- Short Sale · MISC- Anything else approved by the PMI or Pool Insurer NOTE: Xxxxx Fargo Bank will accept alternative Loss Mitigation Types to those above, provided that they are consistent with industry standards. If Loss Mitigation Types other than those above are used, the Servicer must supply Xxxxx Fargo Bank with a description of each of the Loss Mitigation Types prior to sending the file. The Occupant Code field should show the current status of the property code as follows: · Mortgagor · Tenant · Unknown · Vacant The Property Condition field should show the last reported condition of the property as follows: · Damaged · Excellent · Fair · Gone · Good · Poor · Special Hazard · Unknown
Exhibit 2. Standard File Codes - Delinquency Reporting The Loss Mit Type field should show the approved Loss Mitigation Code as follows: · ASUM- Approved Assumption · BAP- Borrower Assistance Program · CO- Charge Off · DIL- Deed-in-Lieu · FFA- Formal Forbearance Agreement · MOD- Loan Modification · PRE- Pre-Sale · SS- Short Sale · MISC- Anything else approved by the PMI or Pool Insurer NOTE: Xxxxx Fargo Bank will accept alternative Loss Mitigation Types to those above, provided that they are consistent with industry standards. If Loss Mitigation Types other than those above are used, the Servicer must supply Xxxxx Fargo Bank with a description of each of the Loss Mitigation Types prior to sending the file. The Occupant Code field should show the current status of the property code as follows: · Mortgagor · Tenant · Unknown · Vacant The Property Condition field should show the last reported condition of the property as follows: · Damaged · Excellent · Fair · Gone · Good · Poor · Special Hazard · Unknown Exhibit 2: Standard File Codes - Delinquency Reporting, Continued The FNMA Delinquent Reason Code field should show the Reason for Delinquency as follows: Delinquency Code Delinquency Description 001 FNMA-Death of principal mortgagor 002 FNMA-Illness of principal mortgagor 003 FNMA-Illness of mortgagor’s family member 004 FNMA-Death of mortgagor’s family member 005 FNMA-Marital difficulties 006 FNMA-Curtailment of income 007 FNMA-Excessive Obligation 008 FNMA-Abandonment of property 009 FNMA-Distant employee transfer 011 FNMA-Property problem 012 FNMA-Inability to sell property 013 FNMA-Inability to rent property 014 FNMA-Military Service 015 FNMA-Other 016 FNMA-Unemployment 017 FNMA-Business failure 019 FNMA-Casualty loss 022 FNMA-Energy environment costs 023 FNMA-Servicing problems 026 FNMA-Payment adjustment 027 FNMA-Payment dispute 029 FNMA-Transfer of ownership pending 030 FNMA-Fraud 031 FNMA-Unable to contact borrower INC FNMA-Incarceration Exhibit 2: Standard File Codes - Delinquency Reporting, Continued The FNMA Delinquent Status Code field should show the Status of Default as follows: Status Code Status Description 09 Forbearance 17 Pre-foreclosure Sale Closing Plan Accepted 24 Government Seizure 26 Refinance 27 Assumption 28 Modification 29 Charge-Off 30 Third Party Sale 32 Military Indulgence 43 Foreclosure Started 44 Deed-in-Lieu Started 49 Assignment Completed 61 Second Lien Considerations 62 Veteran’s Affairs-No Bid 63 Veteran’s Affairs-Refund 64 Veteran’...
Examples of Exhibit 2 in a sentence
In consideration for their contributions to the Company, each Member shall receive a membership interest in the Company, or percentage of interest in the Company as reflected in Exhibit 2 attached to this Agreement.
The Manager(s) will be elected, terminated, or replaced by majority vote of the membership interests, as set forth in Exhibit 2 and any amendments, to act as agent of the Company.
Each Member’s initial membership interest is the percentage set forth in Exhibit 2.
The name and residential address of each Member is contained in Exhibit 2 attached to this Agreement.
The agreement consisting of pages, constitutes, together with Exhibit 1, Exhibit 2, and Exhibit 3, the Operating Agreement of , adopted by the Members as of the day of , 20 .
More Definitions of Exhibit 2
Exhibit 2. Standard File Codes – Delinquency Reporting, Continued The FNMA Delinquent Reason Code field should show the Reason for Delinquency as follows: Delinquency Code Delinquency Description 001 FNMA-Death of principal mortgagor 002 FNMA-Illness of principal mortgagor 003 FNMA-Illness of mortgagor’s family member 004 FNMA-Death of mortgagor’s family member 005 FNMA-Marital difficulties 006 FNMA-Curtailment of income 007 FNMA-Excessive Obligation 008 FNMA-Abandonment of property 009 FNMA-Distant employee transfer 011 FNMA-Property problem 012 FNMA-Inability to sell property 013 FNMA-Inability to rent property 014 FNMA-Military Service 015 FNMA-Other 016 FNMA-Unemployment 017 FNMA-Business failure 019 FNMA-Casualty loss 022 FNMA-Energy environment costs 023 FNMA-Servicing problems 026 FNMA-Payment adjustment 027 FNMA-Payment dispute 029 FNMA-Transfer of ownership pending 030 FNMA-Fraud 031 FNMA-Unable to contact borrower INC FNMA-Incarceration Exhibit 2: Standard File Codes – Delinquency Reporting, Continued The FNMA Delinquent Status Code field should show the Status of Default as follows: Status Code Status Description 09 Forbearance 17 Pre-foreclosure Sale Closing Plan Accepted 24 Government Seizure 26 Refinance 27 Assumption 28 Modification 29 Charge-Off 30 Third Party Sale 31 Probate 32 Military Indulgence 43 Foreclosure Started 44 Deed-in-Lieu Started 49 Assignment Completed 61 Second Lien Considerations 62 Veteran’s Affairs-No Bid 63 Veteran’s Affairs-Refund 64 Veteran’s Affairs-Buydown 65 Chapter 7 Bankruptcy 66 Chapter 11 Bankruptcy 67 Chapter 13 Bankruptcy
Exhibit 2. Standard File Codes - Delinquency Reporting The Loss Mit Type field should show the approved Loss Mitigation Code as follows: o ASUM- Approved Assumption o BAP- Borrower Assistance Program o CO- Charge Off o DIL- Deed-in-Lieu o FFA- Formal Forbearance Agreement o MOD- Loan Modification o PRE- Pre-Sale o SS- Short Sale o MISC- Anything else approved by the PMI or Pool Insurer NOTE: Wells Fargo Bank will accept alternative Loss Mitigation Types to those xxxxe, provided that they are consistent with industry standards. If Loss Mitigation Types other than those above are used, the Servicer must supply Wells Fargo Bank with a description of each of the Loss Mitigation Typex xxxor to sending the file. The Occupant Code field should show the current status of the property code as follows:
Exhibit 2. Standard File Codes – Delinquency Reporting The Loss Mit Type field should show the approved Loss Mitigation Code as follows: • ASUM- Approved Assumption • BAP- Borrower Assistance Program • CO- Charge Off • DIL- Deed-in-Lieu • FFA- Formal Forbearance Agreement • MOD- Loan Modification • PRE- Pre-Sale • SS- Short Sale • MISC- Anything else approved by the PMI or Pool Insurer NOTE: Xxxxx Fargo Bank will accept alternative Loss Mitigation Types to those above, provided that they are consistent with industry standards. If Loss Mitigation Types other than those above are used, the Servicer must supply Xxxxx Fargo Bank with a description of each of the Loss Mitigation Types prior to sending the file. The Occupant Code field should show the current status of the property code as follows: • Mortgagor • Tenant • Unknown • Vacant The Property Condition field should show the last reported condition of the property as follows: • Damaged • Excellent • Fair • Gone • Good • Poor • Special Hazard • Unknown
Exhibit 2. STANDARD FILE CODES - DELINQUENCY REPORTING, CONTINUED The FNMA DELINQUENT REASON CODE field should show the Reason for Delinquency as follows: DELINQUENCY CODE DELINQUENCY DESCRIPTION ---------------- ----------------------- 001 FNMA-Death of principal mortgagor 002 FNMA-Illness of principal mortgagor 003 FNMA-Illness of mortgagor's family member 004 FNMA-Death of mortgagor's family member 005 FNMA-Marital difficulties 006 FNMA-Curtailment of income 007 FNMA-Excessive Obligation 008 FNMA-Abandonment of property 009 FNMA-Distant employee transfer 011 FNMA-Property problem 012 FNMA-Inability to sell property 013 FNMA-Inability to rent property 014 FNMA-Military Service 015 FNMA-Other 016 FNMA-Unemployment 017 FNMA-Business failure 019 FNMA-Casualty loss 022 FNMA-Energy environment costs 023 FNMA-Servicing problems 026 FNMA-Payment adjustment 027 FNMA-Payment dispute 029 FNMA-Transfer of ownership pending 030 FNMA-Fraud 031 FNMA-Unable to contact borrower INC FNMA-Incarceration
Exhibit 2. STANDARD FILE CODES - DELINQUENCY REPORTING, CONTINUED The FNMA DELINQUENT REASON CODE field should show the Reason for Delinquency as follows: -------------------------------------------------------------------- DELINQUENCY CODE DELINQUENCY DESCRIPTION -------------------------------------------------------------------- 001 FNMA-Death of principal mortgagor -------------------------------------------------------------------- 002 FNMA-Illness of principal mortgagor -------------------------------------------------------------------- 003 FNMA-Illness of mortgagor's family member -------------------------------------------------------------------- 004 FNMA-Death of mortgagor's family member -------------------------------------------------------------------- 005 FNMA-Marital difficulties -------------------------------------------------------------------- 006 FNMA-Curtailment of income -------------------------------------------------------------------- 007 FNMA-Excessive Obligation -------------------------------------------------------------------- 008 FNMA-Abandonment of property -------------------------------------------------------------------- 009 FNMA-Distant employee transfer -------------------------------------------------------------------- 011 FNMA-Property problem -------------------------------------------------------------------- 012 FNMA-Inability to sell property -------------------------------------------------------------------- 013 FNMA-Inability to rent property -------------------------------------------------------------------- 014 FNMA-Military Service -------------------------------------------------------------------- 015 FNMA-Other -------------------------------------------------------------------- 016 FNMA-Unemployment -------------------------------------------------------------------- 017 FNMA-Business failure -------------------------------------------------------------------- 019 FNMA-Casualty loss -------------------------------------------------------------------- 022 FNMA-Energy environment costs -------------------------------------------------------------------- 023 FNMA-Servicing problems -------------------------------------------------------------------- 026 FNMA-Payment adjustment -------------------------------------------------------------------- 027 FNMA-Payment dispute -------------------------------------------------------------------- 029 FNMA-Transfer of ownership pending -------------------------------------...
Exhibit 2. Standard File Codes - Delinquency Reporting, Continued The FNMA Delinquent Reason Code field should show the Reason for Delinquency as follows: -------------------- ---------------------------------------------- Delinquency Code Delinquency Description -------------------- ---------------------------------------------- 001 FNMA-Death of principal mortgagor -------------------- ---------------------------------------------- 002 FNMA-Illness of principal mortgagor -------------------- ---------------------------------------------- 003 FNMA-Illness of mortgagor's family member -------------------- ---------------------------------------------- 004 FNMA-Death of mortgagor's family member -------------------- ---------------------------------------------- 005 FNMA-Marital difficulties -------------------- ---------------------------------------------- 006 FNMA-Curtailment of income -------------------- ---------------------------------------------- 007 FNMA-Excessive Obligation -------------------- ---------------------------------------------- 008 FNMA-Abandonment of property -------------------- ---------------------------------------------- 009 FNMA-Distant employee transfer -------------------- ---------------------------------------------- 011 FNMA-Property problem -------------------- ---------------------------------------------- 012 FNMA-Inability to sell property -------------------- ---------------------------------------------- 013 FNMA-Inability to rent property -------------------- ---------------------------------------------- 014 FNMA-Military Service -------------------- ---------------------------------------------- 015 FNMA-Other -------------------- ---------------------------------------------- 016 FNMA-Unemployment -------------------- ---------------------------------------------- 017 FNMA-Business failure -------------------- ---------------------------------------------- 019 FNMA-Casualty loss -------------------- ---------------------------------------------- 022 FNMA-Energy environment costs -------------------- ---------------------------------------------- 023 FNMA-Servicing problems -------------------- ---------------------------------------------- 026 FNMA-Payment adjustment -------------------- ---------------------------------------------- 027 FNMA-Payment dispute -------------------- ---------------------------------------------- 029 FNMA-Transfer of ownership pending -------------------- ---------------------------------------...
Exhibit 2. Monthly Summary Report by Single Investor MONTHLY SUMMARY REPORT For Month Ended: mm/dd/yyyy Servicer Name: Prepared by: Investor Nbr: