06-9403. Loan Guaranty: Loan Servicing and Claims Procedures Modifications

AGENCY:

Department of Veterans Affairs.

ACTION:

Supplemental notice of proposed rulemaking; reopening of comment period.

SUMMARY:

This document provides supplemental notice regarding a proposal to amend the Department of Veterans Affairs (VA) Loan Guaranty regulations related to several aspects of the servicing and liquidating of guaranteed housing loans in default, and submission of guaranty claims by loan holders. It provides specific information regarding the computer-based system that VA proposes to implement as part of the loan servicing and claims procedure modifications in this rulemaking. VA is reopening the comment period for the limited purpose of accepting public comments concerning the supplemental information provided in this notice.

DATES:

Comments must be received on or before December 11, 2006. All comments previously received following publication of the proposed rule referenced above are being considered and do not need to be resubmitted.

ADDRESSES:

Written comments may be submitted through www.regulations.gov; by mail or hand-delivery to the Director, Regulations Management (00REG), Department of Veterans Affairs, 810 Vermont Ave., NW, Room 1068, Washington, DC 20420; or by fax to [phone]. Comments should indicate that they are submitted in response to “RIN 2900-AL65.”; Copies of comments received will be available for public inspection in the Office of Regulation Policy and Management, Room 1063B, between the hours of 8 a.m. and 4:30 p.m., Monday through Friday (except holidays). Please call [phone] for an appointment. In addition, during the comment period, comments may be viewed online through the Federal Document Management System (FDMS). Comments previously received regarding the notice of proposed rulemaking for RIN 2900-AL65, published February 18, 2005 (70 FR 8472), will still be considered in the rulemaking process and do not need to be resubmitted.

FOR FURTHER INFORMATION CONTACT:

Mike Frueh, Assistant Director for Loan Management (261), Veterans Benefits Administration, Department of Veterans Affairs, 810 Vermont Avenue, NW, Washington, DC 20420, at 202-273-7325. (This is not a toll-free telephone number.)

SUPPLEMENTARY INFORMATION:

VA published a notice of proposed rulemaking in the Federal Register on February 18, 2005 (70 FR 8472), to amend regulations concerning the servicing and claims submission requirements on VA-guaranteed home loans. Included in that proposed rule were requirements for reporting information to VA under new 38 CFR 36.4315a. Under the Revised Reporting Requirements preamble heading, 70 FR 8474-8475, VA stated that proposed § 36.4315a would require all loan holders to electronically report information to the Department by use of a computer system, and that VA would be providing more specific information on this system prior to implementation. As VA has progressed in developing the VA Loan Electronic Reporting Interface (VALERI) necessary to receive reports from loan servicers, it has more clearly defined the system events and data elements that would be reported under § 36.4315a and is now ready to submit for public comment this more detailed information on VALERI. VA identifies these events and data elements in the supplementary information that follows.

Event Definitions

(1) Loan paid in full—when the loan obligation has been fully satisfied by receipt of funds and not a servicing transfer.

(2) Transfer of ownership—when the title holder of the property changes.

(3) Release of liability—when an obligor has been released from liability.

(4) Unauthorized transfer of ownership—when the servicer discovers that the loan has been assumed without prior approval (only on loans originated on or after March 1, 1988).

(5) SCRA relief filed—when any obligor on the loan requests or is deemed to be entitled to relief with regard to the loan under the Servicemembers Civil Relief Act (SCRA).

(6) Partial release of security—when pursuant to 38 CFR 36.4324, the holder has released the lien on a part of the security for the loan.

(7) Insurable loss occurred—when an insurable loss has occurred on the loan.

(8) Servicing transfer (transferring servicer)—when a servicer of a loan transfers servicing to a new servicer.

(9) Servicing transfer (receiving servicer)—when the new servicer boards the loan.

(10) Electronic Default Notification (EDN)—when the loan becomes at least 61 days delinquent.

(11) Delinquency status—when the holder notifies VA of any updates to the delinquency information on loans for which an EDN has been submitted.

(12) Contact information change—when there is a change to the contact information for current owners or a property or mailing address change.

(13) Occupancy status change—when there is a change in property occupancy status.

(14) Bankruptcy filed—when any owner files a petition under the Bankruptcy Code.

(15) Bankruptcy update—when a significant event related to the bankruptcy has occurred.

(16) Loss mitigation letter sent—when the holder sends the loss mitigation letter to the borrower as required by 38 CFR 36.4346(g)(1)(iv).

(17) Partial payment returned—when the holder returns a partial payment to the borrower.

(18) Default cured/loan reinstated—when a previously reported default (i.e., an EDN was filed) has been cured and the loan reinstated.

(19) Cure/reinstatement reversal—when a defaulted loan was reported “default cured/loan reinstated” and it must later be reversed.

(20) Default reported to credit bureau—when the holder notifies any of the credit bureaus of a defaulted loan or loan termination.

(21) Extenuating property circumstances—when extenuating property circumstances occur.

(22) Repayment plan approved—when the holder approves a repayment plan.

(23) Repayment plan infeasible—when the holder determines that a repayment plan is not feasible.

(24) Special forbearance approved—when the holder approves a special forbearance agreement.

(25) Special forbearance infeasible—when the holder determines that a special forbearance agreement is not feasible.

(26) Loan modification approved—when the holder approves a loan modification.

(27) Loan modification complete—when both the holder and the owner(s) have executed the modification agreement.

(28) Loan modification infeasible—when the holder determines the loan modification option infeasible.

(29) Compromise sale approved—when the holder approves a compromise sale.

(30) Compromise sale complete—when a compromise sale closes.

(31) Compromise sale infeasible—when the holder determines the compromise sale option infeasible.

(32) Deed-in-lieu of foreclosure approved—when the holder approves a deed-in-lieu of foreclosure.

(33) Deed-in-lieu of foreclosure complete—when the holder records the deed-in-lieu of foreclosure.

(34) Deed-in-lieu of foreclosure infeasible—when the holder determines the deed-in-lieu of foreclosure option infeasible.

(35) Foreclosure referral—when the loan is referred to legal counsel for foreclosure.

(36) Foreclosure sale scheduled—when the foreclosure sale is scheduled.

(37) Substantial equity case—when the holder determines that equity of at least 25 percent exists per 38 CFR 36.4319a(e).

(38) Foreclosure sale postponed or cancelled—when the foreclosure sale is postponed or cancelled.

(39) Results of sale—when the foreclosure sale is complete, the holder reports the results of the foreclosure sale.

(40) Transfer of custody—when the holder notifies VA of the holder's intent to convey the property.

(41) Improper transfer of custody—when the holder discovers that the conveyance of the property to VA was improper.

(42) Invalid sale results—when the foreclosure sale is invalid.

(43) Changed sale results—when the foreclosure sale results were changed.

(44) Confirmed sale date with no transfer of custody—when the loan is terminated, the property is not conveyed, and the property is located in a confirmation/ratification of sale state.

(45) Basic claim information—when the holder files a claim under guaranty.

(46) Refunding Settlement—when VA refunds a loan and the holder reports the tax and insurance information.

Data Element Definitions

Event name	Data elements	Business definition of data element
Header information for all event reporting	VA loan number	12 position unique identifier for each loan guaranteed by VA. The VA Loan Number consists of a two-position numeric code for the regional office which has jurisdiction over the loan (OJ), a two-position numeric code for the regional office which originated the loan (OO), a one-position code for the type of loan (T), and a seven-position serial number or loan number (NNNNNNN). The format is OJOOTNNNNNNN. VALERI uses the twelve-digit VA loan number as the primary means of identifying loan data.
Header information	Date of the loan	Month, day, and year that the loan originated.
Header information	Original loan amount	Total amount of principal owed on the mortgage at loan origination before any payments are made on the loan.
Header information	Property state abbreviation	The state abbreviation of the expanded property address.
Header information	Current servicer identification number	Unique VA-issued number for the servicer location that is responsible for billing, collecting and disbursing payments, and filing reports on the VA loan. VALERI also uses this as secondary loan identification data, as needed, to identify records.
Header information	Servicer loan number	Unique servicer-issued number given to the VA loan for record keeping on the servicer system. VALERI also uses this as secondary loan identification data, as needed, to identify records.
Header information	Unique event ID	Unique event identification number for event the servicer is reporting.
Monthly loan status update	Unpaid principal balance	Present portion of the loan not yet repaid, exclusive of interest or other charges.
Monthly loan status update	Payment due date (a.k.a. date of first uncured default)	Month, day, and year of the earliest payment not fully satisfied by the proper application of available credits or deposits.
Loan paid in full	Date loan was paid in full	Month, day, and year of full satisfaction of a guaranteed loan.
Transfer of ownership	Date of transfer of ownership	Month, day, and year that loan is assumed by another party (date of settlement).
Transfer of ownership	Last name of transferee, if applicable	Last name of individual assuming the loan; reported if an individual and not an entity is assuming the loan.
Transfer of ownership	First name of transferee, if applicable	First name of individual assuming the loan; reported if an individual and not an entity is assuming the loan
Transfer of ownership	Middle initial of transferee, if applicable	Middle initial of individual assuming the loan; reported if an individual and not an entity is assuming the loan.
Transfer of ownership	Suffix of transferee, if applicable	Suffix (Jr., Sr., III, etc.), if any, of individual assuming loan; reported if an individual and not an entity is assuming the loan.
Transfer of ownership	Social security number of transferee, if applicable	Social security number of individual assuming loan; reported if an individual and not an entity is assuming the loan.
Transfer of ownership	Name of entity assuming loan, if applicable	Name of entity assuming loan, if applicable; reported if an entity and not an individual is assuming the loan.
Transfer of ownership	Taxpayer identification number, if applicable	Taxpayer identification number of entity assuming the loan; reported if an entity and not an individual is assuming the loan.
Transfer of ownership	Last name of co-transferee, if applicable	Last name of second individual assuming the loan; reported if there is a co-transferee.
Transfer of ownership	First name of co-transferee, if applicable	First name of second individual assuming the loan; reported if there is a co-transferee.
Transfer of ownership	Middle initial of co-transferee, if applicable	Middle initial of second individual assuming the loan; reported if there is a co-transferee.
Transfer of ownership	Suffix of co-transferee, if applicable	Suffix (Jr., Sr., III, etc.), if any, of second individual assuming loan; reported if there is a co-transferee.
Transfer of ownership	Social security number of co-transferee, if applicable	Social security number of second individual assuming loan; reported if there is a co-transferee.
Release of liability	Date of release	Month, day, and year on which the former obligor is no longer responsible for the loan.
Unauthorized transfer of ownership	Date servicer discovers unauthorized transfer	Month, day, and year servicer discovers that a transfer of ownership occurred without prior approval by VA and/or servicer.
SCRA relief filed	Date SCRA relief requested	Month, day, and year assistance under the SCRA was requested (explicit request or discovery of eligibility during servicing).
SCRA relief filed	Effective date of SCRA relief (can be prior to request date)	Month, day, and year that the veteran became eligible for assistance under the SCRA.
SCRA relief filed	Expected SCRA relief end date	Month, day, and year the relief is expected to end pursuant to the requirements of the Act.
Partial release of security	Date partial release of security document was executed	Month, day, and year that the security document releasing a portion of the secured property is executed.
Partial release of security	Amount of the proceeds from the partial release of security that are applied to the outstanding loan balance	Amount that is applied to the outstanding loan balance from the partial release of security; if the loan to value ratio is greater than or equal to 80 percent, the servicer must apply sufficient proceeds from the release to the outstanding loan balance to bring LTV to less than 80 percent.
Partial release of security	Amount of consideration offered for the property	Amount offered for the portion of the security being released.
Partial release of security	Date applied to principal	Month, day, and year that proceeds from the partial release of security are applied to the loan balance.
Partial release of security	Unpaid principal balance after application of proceeds	Loan balance that is outstanding after application of proceeds from the partial release of security.
Partial release of security	Value of remaining security	Appraised value of the remaining security after the release is completed.
Insurable loss occurred	Type of damage	Type of property damage that resulted in an insurance claim being filed.
Insurable loss occurred	Fire Damage	Type of property damage that resulted in an insurance claim being filed is fire damage.
Insurable loss occurred	Neglect	Type of property damage that resulted in an insurance claim being filed is neglect.
Insurable loss occurred	Vandalized	Type of property damage that resulted in an insurance claim being filed is property vandalism.
Insurable loss occurred	Freeze	Type of property damage that resulted in an insurance claim being filed is the result of a freeze.
Insurable loss occurred	Storm	Type of property damage that resulted in an insurance claim being filed is caused by a storm.
Insurable loss occurred	Flood	Type of property damage that resulted in an insurance claim being filed is flood damage.
Insurable loss occurred	Unknown	Type of property damage that resulted in an insurance claim being filed is unknown.
Insurable loss occurred	Hurricane	Type of property damage that resulted in an insurance claim being filed is caused by a hurricane.
Insurable loss occurred	Hail	Type of property damage that resulted in an insurance claim being filed is hail damage.
Insurable loss occurred	Tornado	Type of property damage that resulted in an insurance claim being filed is tornado damage.
Insurable loss occurred	Wind	Type of property damage that resulted in an insurance claim being filed is wind damage.
Insurable loss occurred	Mud/Landslide	Type of property damage that resulted in an insurance claim being filed is mud or landslide damage.
Insurable loss occurred	Earthquake	Type of property damage that resulted in an insurance claim being filed is earthquake damage.
Insurable loss occurred	Boiler Explosion	Type of property damage that resulted in an insurance claim being filed was caused by a boiler explosion.
Insurable loss occurred	Untypical Damage	Type of property damage that resulted in an insurance claim being filed is other than the typical specified reasons.
Insurable loss occurred	Date damage discovered	Month, day, and year the damage is discovered by the servicer.
Insurable loss occurred	Date insurance claim filed	Month, day, and year that the insurance claim for damage is filed, either by the borrower or the servicer.
Insurable loss occurred	Total loss (Y/N)	Decision made by the insurance company as to whether or not the property can be repaired.
Servicing transfer (transferring servicer)	Servicing release date	Month, day, and year that a servicer transfers responsibility for servicing a guaranteed loan to another servicer.
Servicing transfer (transferring servicer)	Name of new servicer	Name of servicer receiving responsibility for servicing a guaranteed loan.
Servicing transfer (receiving servicer)	Date loan acquired	Month, day, and year on which a servicer became responsible for servicing a guaranteed loan.
Servicing transfer (receiving servicer)	Previous servicer loan number	Loan number associated with the loan on the previous servicer's system.
Electronic default notification	Date of first payment on the original loan	Month, day, and year of the first scheduled payment on the loan (per the loan instruments).
Electronic default notification	Payment due date	Month, day, and year of the earliest payment not fully satisfied by the proper application of available credits or deposits.
Electronic default notification	Property address line 1	The first line of the expanded property address.
Electronic default notification	Property address line 2	The second line of the expanded property address.
Electronic default notification	Property address unit number	The unit number of the expanded property address.
Electronic default notification	Property address city	The city name of the expanded property address.
Electronic default notification	Property address zip code	A group of fields containing the zip code.
Electronic default notification	Property address suffix	The zip code suffix of the expanded property address.
Electronic default notification	Property address state abbreviation	The state abbreviation of the expanded property address.
Electronic default notification	Last name of current owner, if applicable	Surname of the individual who currently owns the property; if owner is an individual and not an entity.
Electronic default notification	First name of current owner, if applicable	First name of the individual who currently owns the property.
Electronic default notification	Middle initial of current owner, if applicable	First letter of the middle name, if any, of the individual who currently owns the property; if owner is an individual and not an entity.
Electronic default notification	Suffix of current owner, if applicable	Suffix (Jr., Sr., III, etc.), if any, of the individual who currently owns the property; if owner is an individual and not an entity.
Electronic default notification	Social security number of current owner; if current owner is an individual	Unique SSA-issued number assigned to the individual who currently owns the property; if owner is an individual and not an entity.
Electronic default notification	Last name of current co-owner, if applicable	Surname of the individual who currently co-owns the property, if applicable.
Electronic default notification	First name of current co-owner, if applicable	First name of the individual who currently co-owns the property, if applicable.
Electronic default notification	Middle initial of current co-owner, if applicable	First letter of the middle name, if any, of the individual who currently co-owns the property, if applicable.
Electronic default notification	Suffix of current co-owner, if applicable	Suffix (Jr., Sr., III, etc.), if any, of the individual who currently co-owns the property, if applicable.
Electronic default notification	Social security number of current co-owner; if applicable	Unique SSA-issued number assigned to the individual who currently co-owns the property, if applicable.
Electronic default notification	Name of entity that is current owner, if applicable	Name of entity that currently owns the property, if owner is an entity and not an individual.
Electronic default notification	Taxpayer identification number, if current owner is an entity	Unique IRS-issued number assigned to the entity who currently owns the property, if owner is an entity and not an individual.
Electronic default notification	Mailing address line 1 (if different from property address)	First line of the mailing address of current owners.
Electronic default notification	Mailing address line 2 (if different from property address)	Second line of the mailing address of current owners.
Electronic default notification	Mailing address suffix (if different from property address)	The zip code suffix of the mailing address.
Electronic default notification	Mailing address unit number (if different from property address)	The unit number of the expanded mailing address.
Electronic default notification	Mailing address city (if different from property address)	The city name of the expanded mailing address.
Electronic default notification	Mailing address zip code (if different from property address)	A group of fields containing the zip code +4 of the expanded mailing address.
Electronic default notification	Mailing address state abbreviation (if different from property address)	The state abbreviation of the expanded mailing address.
Electronic default notification	Interest rate on loan	Rate of interest charged on the loan, expressed as a percentage, per the loan instruments.
Electronic default notification	Unpaid principal balance	Present portion of the loan not yet repaid, exclusive of interest or other charges.
Electronic default notification	Principal and interest (P&I) portion of monthly installment	Amount of principal and interest due monthly under the terms of the loan agreement.
Electronic default notification	Taxes and insurance (T&I) portion of monthly installment	Amount of the tax and insurance deposit due monthly under the terms of the loan agreement and determined by the servicer in accordance with Real Estate Settlement Procedures Act (RESPA).
Electronic default notification	Other portion of monthly installment	Amount due monthly that does not pertain to principal and interest, taxes and insurance or late charges due under the terms of the obligation as of notice date (e.g., Homeowner Association (HOA) fees).
Electronic default notification	Late charges due	Amount due as a result of penalties imposed by the servicer that a borrower must pay when a payment is missed or made after the due date under the terms of the obligation as of notice date.
Electronic default notification	Occupant of property	Status of who currently resides in the property securing the loan obligation, or reason why no one resides there.
Electronic default notification	Original veteran	Individual who signed the loan documents and originated the loan.
Electronic default notification	Tenant	Individual who rents or leases the property securing the loan obligation.
Electronic default notification	Transferee	Individual who purchased the property and may have assumed the loan.
Electronic default notification	Vacant	Property is not occupied by anyone but appears to be maintained and is secure.
Electronic default notification	Abandoned	Property is vacant, is not being maintained, is not offered for sale or rent, and there has been no contact with the current owner.
Electronic default notification	First phone number (obligor 1)	First phone number (obligor 1).
Electronic default notification	Phone number type for first phone number (obligor 1)	Phone number type for first phone number (obligor 1).
Electronic default notification	Home	Home.
Electronic default notification	Work	Work.
Electronic default notification	Cell	Cell.
Electronic default notification	Second phone number (obligor 1)	Second phone number (obligor 1).
Electronic default notification	Phone number type for second phone number (obligor 1)	Phone number type for second phone number (obligor 1).
Electronic default notification	Home	Home.
Electronic default notification	Work	Work.
Electronic default notification	Cell	Cell.
Electronic default notification	Phone number (obligor 2)	Phone number (obligor 2).
Electronic default notification	Phone number type (obligor 2)	Phone number type (obligor 2).
Electronic default notification	Home	Home.
Electronic default notification	Work	Work.
Electronic default notification	Cell	Cell.
Electronic default notification	Phone number 1 (other authorized party)	Phone number 1 (other authorized party).
Electronic default notification	Primary reason for default (servicer may report only one)	Reason obligor is unable to or did not remit monthly payments.
Electronic default notification	Business failure	Reason for default is the occupation, work, or trade in which obligor is engaged did not generate enough funds for obligor to meet his financial obligations.
Electronic default notification	Casualty loss	Reason for default is the damage to the property as a result of a fire, storm, accident, flood, earthquake, or other catastrophic event.
Electronic default notification	Curtailment of income	Reason for default is a reduction or the curtailment of obligor's income from employment, investment, or other sources.
Electronic default notification	Death of borrower	Reason for default is that the obligor died.
Electronic default notification	Death of borrower's family member	Reason for default is the death of obligor's relative who was contributing towards the loan (directly or indirectly) and/or that obligor has incurred extraordinary expenses as a result of such death.
Electronic default notification	Distant employment transfer	Reason for default is the result of the borrower being transferred or relocated to a distant job location.
Electronic default notification	Energy/environmental cost	Reason for default is the result of the borrower incurring excessive energy related costs or costs associated with removal of an environmental hazard in or near the property.
Electronic default notification	Excessive obligations	Reason for default is obligor(s) incurred excessive debt in addition to the mortgage obligation or the mortgage payment has increased significantly.
Electronic default notification	Fraud	Reason for default is a legal dispute arising out of a fraudulent or illegal action that occurred in connection with the origination of the mortgage or at a later date.
Electronic default notification	Illness of borrower	Reason for default is a serious illness that keeps the borrower from working and generating income, and/or the borrower has incurred extraordinary expenses as a result of the illness.
Electronic default notification	Illness of borrower's family	Reason for default is the result of obligor(s) incurring extraordinary expenses as the result of the illness of a family member.
Electronic default notification	Inability to rent property	Reason for default is obligor has insufficient income and/or assets to make the monthly mortgage payment and the rental property is vacant.
Electronic default notification	Inability to sell property	Reason for default is obligor has insufficient income and/or assets to make the monthly mortgage payment and is unable to sell the property.
Electronic default notification	Incarceration	Reason for default is the result of obligor being jailed or imprisoned, regardless of whether obligor is still incarcerated.
Electronic default notification	Marital difficulties	Reason for default is problems associated with separation or divorce including dispute over payments during divorce settlement, reduction in income available to pay the mortgage debt, etc.
Electronic default notification	Military service	Reason for default is the result of obligor being called into active duty status and the military pay is insufficient to make the monthly mortgage payment.
Electronic default notification	Payment adjustment	Reason for default is the result of the borrower being unable to make new payments that resulted from an increase in the monthly payment.
Electronic default notification	Payment dispute	Reason for default is the result of a disagreement between obligor and the mortgage servicer about the amount of the mortgage payment, the acceptance of a partial payment, the application of previous payments, etc., that result in obligor refusing to make payments until the dispute is resolved.
Electronic default notification	Property problems	Reason for default is the result of the condition of the property such as substandard construction, expensive and extensive repairs required, etc.
Electronic default notification	Servicing problems	Reason for default is the result of obligor being dissatisfied with the servicer of the loan or with the fact that servicing has been transferred to a new servicer.
Electronic default notification	Tenant not paying	Reason for default is the result of the obligor's tenant not paying rent.
Electronic default notification	Transfer of ownership	Reason for default is the result of the obligor not making payments while sale of the property is pending.
Electronic default notification	Unemployment notification	Reason for default is the result of a reduction in obligor's income due to loss of job.
Electronic default notification	Borrower never responded to outreach	Reason for default is unknown (unable to get contact or unable to determine the reason).
Delinquency status	Unpaid principal balance (UPB)	Amount of principal due under the terms of the obligation as of payment due date.
Delinquency status	Payment due date	Month, day, and year of the earliest payment not fully satisfied by the proper application of available credits or deposits.
Delinquency status	Principal and interest (P&I) portion of monthly installment, if changed	Amount of principal and interest due monthly under the terms of the loan agreement, if changed from last report.
Delinquency status	Taxes and insurance (T&I) portion of monthly installment, if changed	Amount of taxes and insurance due monthly under the terms of the loan agreement, if changed from last report.
Delinquency status	Other portion of monthly installment, if changed	Amount due that does not pertain to principal and interest and/or taxes and insurance, due under the terms of the obligation (example is HOA fees), if changed from last report.
Delinquency status	Late charges due	Amount due as a result of penalties imposed by the servicer that a borrower must pay when a payment is missed or made after the due date under the terms of the obligation as of notice date.
Delinquency status	Expenses incurred to date	Any costs that have been paid by the servicer and can be charged to the loan.
Contact information change	Updated mailing address line 1 (if different from property address)	First line of the mailing address of current owners, if changed from last report.
Contact information change	Updated mailing address line 2 (if different from property address)	Second line of the mailing address of current owners, if changed from last report.
Contact information change	Updated mailing address unit number (if different from property address)	The unit number of the expanded mailing address, if changed from last report.
Contact information change	Updated mailing address city (if different from property address)	The city name of the expanded mailing address, if changed from last report.
Contact information change	Updated mailing address zip code (if different from property address)	A group of fields containing the zip code of the expanded mailing address, if changed from last report.
Contact information change	Updated mailing address suffix (if different from property address)	The zip code suffix of the mailing address, if changed from last report.
Contact information change	Updated mailing address state abbreviation (if different from property address)	The state abbreviation of the expanded mailing address, if changed from last report.
Contact information change	Updated first phone number (obligor 1)	First phone number (obligor 1).
Contact information change	Updated phone number type for first phone number (obligor 1)	Phone number type for first phone number (obligor 1).
Contact information change	Home	Home.
Contact information change	Work	Work.
Contact information change	Cell	Cell.
Contact information change	Updated second phone number (obligor 1)	Second phone number (obligor 1).
Contact information change	Updated phone number type for second phone number (obligor 1)	Phone number type for second phone number (obligor 1).
Contact information change	Home	Home.
Contact information change	Work	Work.
Contact information change	Cell	Cell.
Contact information change	Updated phone number (obligor 2)	Phone number (obligor 2).
Contact information change	Updated phone number type (obligor 2)	Phone number type (obligor 2).
Contact information change	Home	Home.
Contact information change	Work	Work.
Contact information change	Cell	Cell.
Contact information change	Updated phone number 1 (other authorized party)	Phone number 1 (other authorized party).
Occupancy status change	Date the change in occupancy status is discovered by servicer	Month, day, and year that occupancy status change was discovered by the servicer.
Occupancy status change	Occupancy status	Status of who currently resides in the property securing the loan obligation, or reason why no one resides there.
Occupancy status change	Original veteran	Original veteran currently resides in the property securing the loan obligation.
Occupancy status change	Tenant	Individual rents or leases the property securing the loan obligation.
Occupancy status change	Transferee	A conveyance was made and an individual/entity currently resides in the property securing the loan obligation.
Occupancy status change	Vacant	Property is not occupied by anyone but appears to be maintained and is secure.
Occupancy status change	Abandoned	Property is vacant, is not being maintained, and is not offered for sale or rent.
Bankruptcy filed	Date bankruptcy filed	Month, day, and year that obligor filed for protection under U.S. bankruptcy codes.
Bankruptcy filed	Type of bankruptcy	Type of bankruptcy (chapter number) under which the obligor filed for protection.
Bankruptcy filed	Chapter 7	Chapter of the U.S. bankruptcy code providing for the sale of an obligor's nonexempt property and assets and the distribution of the proceeds to creditors.
Bankruptcy filed	Chapter 11	Chapter of the U.S. bankruptcy code providing obligor or obligor's failing firm protection against all creditors while being reorganized to pay off debts.
Bankruptcy filed	Chapter 12	Chapter of the U.S. bankruptcy code designed to give special relief to obligor if obligor is a family farmer with seasonal income.
Bankruptcy filed	Chapter 13	Chapter of the U.S. bankruptcy code allowing obligor to begin debt repayment without forfeiting property.
Bankruptcy filed	Bankruptcy case number	Case number assigned by the bankruptcy court.
Bankruptcy filed	Bankruptcy code	Indicates whether the mortgagor, co-mortgagor, or both are filing bankruptcy.
Bankruptcy filed	Only the obligor has filed	Indicates that only the obligor has filed for bankruptcy.
Bankruptcy filed	Only the co-obligor has filed	Indicates that only the co-obligor has filed for bankruptcy.
Bankruptcy filed	Both the obligor and co-obligor have filed	Indicates that both obligor and co-obligor have filed for bankruptcy
Bankruptcy filed	Name(s) of debtor(s)-report all applicable	Name of obligor(s) that filed petition for relief under the U.S. bankruptcy code-report all applicable.
Bankruptcy filed	Alternate debtor	This field indicates the second alternate debtor (if any) for the loan.
Bankruptcy filed	Social security number (SSN)(s) of debtor(s)	Unique SSA-issued number or unique IRS-issued number (TIN) of the obligor(s) that filed a petition for relief under the U.S. bankruptcy code.
Bankruptcy filed	Alternate debtor social security number (SSN)	This field indicates the second alternate debtor social security number (if any) for the loan.
Bankruptcy update	Bankruptcy event	Any significant action taken during the bankruptcy process as defined in the eight following items.
Bankruptcy update	Date relief of stay filed	Date a petition was filed by servicer requesting relief from the stay so that servicer may proceed to terminate the loan.
Bankruptcy update	Date of discharge	Date of the court order terminating bankruptcy proceedings, usually relieving the obligor of his/her obligation.
Bankruptcy update	Date of dismissal	Date of the court order terminating the case without either the entry of a discharge or a denial of discharge.
Bankruptcy update	Date stay lifted	Date of the court order permitting collection/termination actions against the obligor and/or the property that secures the loan.
Loss mitigation letter sent	Date that the letter was sent	Month, day, and year loss mitigation (foreclosure avoidance) notice sent by the servicer.
Partial payment returned	Reason why the partial payment was returned	VA-authorized reason for the return of a payment of any amount less than the full amount due under the loan terms.
Partial payment returned	Tenant payments not being forwarded	Property is completely or partially tenant-occupied and rental payments are not being paid to servicer for application to the loan account.
Partial payment returned	Less than 50 percent of total due and no repayment plan is in place	Payment is less than 50 percent of the total amount then due, and the amount has not been agreed to in a documented repayment plan.
Partial payment returned	Personal checks not accepted	Amount tendered is in the form of a personal check and the borrower has been previously notified in writing that only cash or certified payments are acceptable.
Partial payment returned	Foreclosure process started	Foreclosure has been started with the first action required for foreclosure under local law.
Partial payment returned	Less than one monthly installment and no repayment plan in place	Payment is less than one full monthly installment, including escrow and late charges, and the amount has not been agreed to in a documented repayment plan.
Partial payment returned	Less than repayment plan agreed amount	Payment is less than the amount agreed to in a documented repayment plan.
Partial payment returned	Unpaid delinquency over six months and no repayment plan in place	Delinquency of any amount has continued for at least 6 months since the account first became delinquent and no documented repayment plan has been arranged.
Partial payment returned	Servicer lien would be jeopardized	Holder's lien position would be jeopardized by acceptance of partial payment.
Partial payment returned	Date partial payment returned	Month, day, and year that servicer returned the partial payment.
Partial payment returned	Amount of partial payment returned	Amount of partial payment that servicer returned.
Default cured/loan reinstated	Date loan reinstated	Month, day, and year all delinquent amounts were fully repaid; a loan is current if the payment due date is the first day of the next month (as of the last day of the previous month).
Cure/reinstatement reversal	Date of reversal	Month, day, and year the servicer discovered that a previously reported cure was in error.
Cure/reinstatement reversal	Payment due date	Month, day, and year the last full monthly obligation was applied; as of the date of the cure reversal.
Cure/reinstatement reversal	Reason for reversal	Basis for determination that all delinquent amounts thought to be fully repaid were not.
Cure/reinstatement reversal	NSF check	Reason for reversal of cured default is that obligor's bank account has insufficient funds available to pay the check.
Cure/reinstatement reversal	Misapplication of funds	Reason for reversal of cured default is that funds were applied to the loan in error.
Cure/reinstatement reversal	Reporting error (includes erroneously reported servicing transferred)	Reason for reversal of cured default is that the servicer reported the cure in error.
Default reported to credit bureau	Date reported	Month, day, and year that servicer reports to the credit bureau that obligor has failed to comply with the terms of the loan agreement.
Extenuating property circumstances	Date the extenuating property circumstance was discovered	The date the property damage was discovered.
Extenuating property circumstances	Type of unusual property circumstance	Basis for determination that foreclosure process should be sped up or delayed due to the condition of obligor's property.
Extenuating property circumstances	Hazardous conditions or materials	Reason for extenuating property circumstances is the presence of conditions or materials on the property which create an immediate or potential danger to the public health or safety or to the environment.
Extenuating property circumstances	Significant property deterioration	Reason for extenuating property circumstances is property has deteriorated significantly.
Extenuating property circumstances	Condemned	Reason for extenuating property circumstances is property is deemed legally unfit for occupancy or continued existence due to its physical defects or for other causes or the property is being acquired by a governmental body for public uses as per receipt of official notice from the appropriate local government office.
Extenuating property circumstances	Natural disaster	Reason for extenuating property circumstances is the result of a natural disaster, such as fire, storm, accident, flood, earthquake, or other catastrophic event.
Extenuating property circumstances	Property seizure	Law enforcement officials have taken a property that has been used (a) in connection with or acquired by illegal activities or (b) in satisfaction of an unpaid judgment.
Extenuating property circumstances	Demolished	Reason for extenuating property circumstances is property has been razed.
Extenuating property circumstances	Other	Reason for extenuating property circumstances is other than one of the reasons listed.
Repayment plan approved	Date repayment plan approved	Month, day, and year servicer approved written agreement with the obligor for reinstatement of the loan through a schedule of increased payments.
Repayment plan approved	Plan start date (month and year)	Month and year that repayment plan is documented to begin.
Repayment plan approved	Estimated cure date	Estimated month, day, and year the delinquency will be fully satisfied by the proper application of available credits or deposits resulting from the repay plan.
Repayment plan infeasible	Date of determination	Month, day, and year that servicer determines that a repay plan with the obligor is not a home retention option.
Repayment plan infeasible	Reason for infeasibility	Basis for determination that repay plan with the obligor is not a home retention option.
Repayment plan infeasible	Unwilling borrower(s)	Reason for infeasibility of the repay plan is that obligor does not agree to a repay plan.
Repayment plan infeasible	Unable to contact	Reason for infeasibility of the repay plan is that servicer is not able to contact obligor to negotiate.
Repayment plan infeasible	Current owner not liable	Reason for infeasibility of the repay plan is current owner of the property is not the obligor on the loan.
Repayment plan infeasible	Property abandoned	Reason for infeasibility of the repay plan is the property is vacant, is not being maintained, is not offered for sale or rent, and no contact with the borrower has been established.
Repayment plan infeasible	Insufficient income	Reason for infeasibility of the repay plan is that obligor does not have enough income to meet the obligations under a repay plan.
Special forbearance approved	Estimated cure date	Estimated month, day, and year the delinquency will be fully satisfied by the proper application of available credits or deposits resulting from the proposed special forbearance.
Special forbearance infeasible	Date of determination	Month, day, and year that servicer determines that neither suspension nor reduction of obligor's payments for one or more months is a home retention option.
Special forbearance infeasible	Reason for infeasibility	Basis for determination that special forbearance with the obligor is not a home retention option.
Special forbearance infeasible	Unwilling borrower	Reason for infeasibility of the special forbearance is that obligor does not agree to special forbearance.
Special forbearance infeasible	Unable to contact	Reason for infeasibility of the special forbearance is that servicer is not able to contact obligor to negotiate.
Special forbearance infeasible	Insufficient income	Reason for infeasibility of the special forbearance is that obligor does not have enough income to meet the obligations under a special forbearance.
Special forbearance infeasible	Current owner not liable	Reason for infeasibility of the special forbearance is current owner of the property is not the obligor on the loan.
Special forbearance infeasible	Property abandoned	Reason for infeasibility of the special forbearance is the property is vacant, is not being maintained, is not offered for sale or rent, and no contact with the homeowner has been established.
Special forbearance infeasible	No means to reinstate	Reason for infeasibility of the special forbearance is that reducing payments and/or forbearing payments will have no impact on the obligor's inability to cure the delinquency and reinstate the loan.
Loan modification approved	Date modification of loan approved	Month, day, and year that servicer approves a permanent change in one or more of the terms of the loan and usually includes re-amortization of the balance due.
Loan modification complete	Date loan modification fully executed	Month, day, and year that servicer and borrower execute the modification agreement thereby completing a permanent change in one or more of the terms of the loan that results in loan reinstatement.
Loan modification complete	Modified loan amount	Total amount of principal owed on the mortgage after the loan modification and before any payments are made; only unpaid principal, accrued interest, deficits in the taxes and insurance impound accounts, and advances required to preserve the lien position, such as HOA fees, special assessments, water and sewer liens, etc., may be included in the modified indebtedness; late fees and other charges may not be capitalized.
Loan modification complete	Term	Number of months over which the unpaid balance of the modified loan will be repaid.
Loan modification complete	Modified loan maturity date	Month, day, and year that modified loan will be paid in full.
Loan modification complete	Interest rate	Rate of interest charged on the loan, expressed as a percentage, per the modified loan instruments.
Loan modification complete	Date of first payment	Month, day, and year that first installment on modified loan is due.
Loan modification complete	New principal and interest (P&I) payment	Monthly amount due (for principal and interest) on the modified loan.
Loan modification infeasible	Date of determination	Month, day, and year that servicer determines that loan modification is not a home retention option.
Loan modification infeasible	Reason for infeasibility	Basis for determination that loan modification with the obligor is not a home retention option.
Loan modification infeasible	Unwilling borrower	Reason for infeasibility of the loan modification is that obligor does not agree to a loan modification.
Loan modification infeasible	Unable to contact	Reason for infeasibility of the loan modification is that servicer is not able to contact obligor to negotiate.
Loan modification infeasible	Insufficient income	Reason for infeasibility of the loan modification is that obligor does not have enough income to meet the obligations under a loan modification.
Loan modification infeasible	Insufficient borrower contribution	Reason for infeasibility of the loan modification is that obligor has insufficient cash to satisfy all delinquent amounts not included in the new loan amount.
Loan modification infeasible	Junior lien issues	Reason for infeasibility of the loan modification is that junior lien holder refuses to subordinate.
Loan modification infeasible	Ineligible-prior approval denied	Reason for infeasibility of the loan modification is that VA denied a prior approval of a non-conforming loan modification.
Loan modification infeasible	Ineligible-not submitted for prior approval	Reason for infeasibility of the loan modification is that the servicer did not submit a non-conforming loan modification for prior approval.
Loan modification infeasible	Current owner not liable	Reason for infeasibility of the loan modification is that the current owner is not legally liable on the loan.
Loan modification infeasible	Ginnie Mae pooling issues	Reason for infeasibility of the loan modification is that the servicer is unwilling to bear the cost of repurchasing the loan from the pool and/or repooling.
Loan modification infeasible	Property abandoned	Reason for infeasibility of the loan modification is the property is vacant, is not being maintained, and is not offered for sale or rent.
Loan modification infeasible	Not owner occupied	Reason for infeasibility of the loan modification is that the owner does not currently reside in the property.
Compromise sale approved	Date purchase offer submitted by borrower for consideration	Month, day, and year that obligor submits a purchase offer to the servicer for consideration where the proceeds of the private sale will be less than the amount required to pay the mortgage in full.
Compromise sale approved	Date compromise sale approved	Month, day, and year that servicer approves obligor's request to complete a private sale where the proceeds will be less than the amount required to pay the mortgage in full.
Compromise sale approved	Estimated settlement date	Estimated month, day, and year that obligor's property is scheduled to close by private sale and the proceeds will be less than the amount required to pay the mortgage in full.
Compromise sale complete	Actual settlement date	Actual month, day, and year that obligor's property was sold to a third party in a private sale and the proceeds were less than the amount required to pay the mortgage in full.
Compromise sale complete	Payoff of first mortgage loan (line 504 from HUD-1)	Net proceeds from the sale, listed in line 504 from HUD-1 form (also known as the “closing statement” or “settlement sheet”), which will be applied toward the payoff of the first mortgage loan.
Compromise sale infeasible	Date of determination	Month, day, and year that servicer determines that the compromise sale is not an alternative to foreclosure.
Compromise sale infeasible	Reason for infeasibility	Basis for determination that compromise sale is not an alternative to foreclosure.
Compromise sale infeasible	No buyers	Reason for infeasibility of the compromise sale is that there are no buyers interested in the obligor's property.
Compromise sale infeasible	Closing not consummated	Reason for infeasibility of the compromise sale is that a potential sale did not legally close.
Compromise sale infeasible	Unwilling borrower(s)	Reason for infeasibility of the compromise sale is that obligor does not agree to a compromise sale.
Compromise sale infeasible	Property abandoned	Reason for infeasibility of the compromise sale is the property is vacant, is not being maintained, is not offered for sale or rent, and no contact with the homeowner has been established.
Compromise sale infeasible	Unable to contact	Reason for infeasibility of the compromise sale is that servicer is not able to contact obligor to negotiate.
Compromise sale infeasible	Junior lien issues	Reason for infeasibility of the compromise sale is that junior lien holder is unwilling to participate in the compromise sale.
Compromise sale infeasible	Title problems	Reason for infeasibility of the compromise sale is that the owner is unable to provide clear title to the prospective purchaser.
Deed-in-lieu approved	Date DIL was requested	Month, day, and year that the obligor requests a voluntary transfer of the property to the holder in exchange for a release of all obligations under the mortgage.
Deed-in-lieu approved	Date of approval	Month, day, and year that a deed in lieu of foreclosure is approved by the servicer.
Deed-in-lieu complete	Date that deed was recorded	Month, day, and year that the deed in lieu of foreclosure was recorded with the local government office.
Deed-in-lieu complete	Net value	The fair market value of the property minus the VA cost factor (net value = fair market value of the property * (1-the net value factor)).
Deed-in-lieu complete	Total eligible indebtedness	The unpaid principal balance, accrued unpaid interest, allowable advances, liquidation expenses, and property preservation expenses (if incurred prior to the actual foreclosure sale date or the end of the foreclosure timeframe, whichever is earlier), less any credits.
Deed-in-lieu infeasible	Date of determination	Month, day, and year that servicer determines that the deed in lieu of foreclosure is not an alternative to foreclosure.
Deed-in-lieu infeasible	Reason for infeasibility	Basis for determination that deed in lieu of foreclosure is not an alternative to foreclosure.
Deed-in-lieu infeasible	Junior lien(s)	Reason for infeasibility of the deed in lieu of foreclosure is that there is a junior lien on the property.
Deed-in-lieu infeasible	Title problems	Reason for infeasibility of the deed in lieu of foreclosure is that the owner is unable to transfer clear title.
Deed-in-lieu infeasible	Unwilling borrower(s)	Reason for infeasibility of the deed in lieu of foreclosure is that one or more of the owners do not agree to a deed in lieu of foreclosure.
Deed-in-lieu infeasible	Property abandoned	Reason for infeasibility of the deed in lieu of foreclosure is the property is vacant, is not being maintained, is not offered for sale or rent, and contact with the homeowner has not been established.
Deed-in-lieu infeasible	Unable to contact	Reason for infeasibility of the deed in lieu of foreclosure is that servicer is not able to contact obligor to negotiate.
Foreclosure referral	Date of referral to attorney	Month, day, and year servicer refers obligor's loan to legal counsel to initiate the foreclosure process.
Foreclosure referral	Date of most recent property inspection	Month, day, and year of the most recently performed property inspection for the current default.
Foreclosure referral	Date 30 day delinquency letter sent (if no successful phone contact)	Month, day, and year that servicer sent 30 day delinquency letter (letter to the borrower if payment has not been received within 30 days after it was due and telephone contact could not be made—38CFR 36.4346(g)).
Foreclosure referral	Date phone contact successful	Month, day, and year that servicer successfully contacted obligor via telephone for the current default (“right party” contact).
Foreclosure referral	Updated reason for default at time of foreclosure	Basis for determination that foreclosure process should be initiated.
Foreclosure referral	Business failure	Reason for default is the occupation, work, or trade in which obligor is engaged did not generate enough funds to meet his financial obligations.
Foreclosure referral	Casualty loss	Reason for default is the damage to the property as a result of a fire, storm, accident, flood, earthquake, or other catastrophic event.
Foreclosure referral	Curtailment of income	Reason for default is a reduction or the curtailment of obligor's income from employment, investment, or other sources.
Foreclosure referral	Death of borrower	Reason for default is that the obligor died.
Foreclosure referral	Death of borrower's family member	Reason for default is the death of obligor's relative who is contributing towards the loan (directly or indirectly) and/or that obligor has incurred extraordinary expenses as a result of such death.
Foreclosure referral	Distant employment transfer	Reason for default is the result of the borrower being transferred or relocated to a distant job location.
Foreclosure referral	Energy/environmental cost	Reason for default is the result of the borrower incurring excessive energy related costs or costs associated with removal of an environmental hazard in or near the property.
Foreclosure referral	Excessive obligations	Reason for default is obligor incurred excessive debt in addition to the mortgage obligation or the mortgage payment has increased significantly.
Foreclosure referral	Fraud	Reason for default is a legal dispute arising out of a fraudulent or illegal action that occurred in connection with the origination of the mortgage or at a later date.
Foreclosure referral	Illness of borrower	Reason for default is a serious illness that keeps the borrower from working and generating income, and/or the borrower has incurred extraordinary expenses as a result of the illness.
Foreclosure referral	Illness of borrower's family	Reason for default is the result of obligor incurring extraordinary expenses as the result of the illness of a family member.
Foreclosure referral	Inability to rent property	Reason for default is obligor has insufficient income and/or assets to make the monthly mortgage payment and the rental property is vacant.
Foreclosure referral	Inability to sell property	Reason for default is obligor has insufficient income and/or assets to make the monthly mortgage payment and is unable to sell the property.
Foreclosure referral	Incarceration	Reason for default is the result of obligor being jailed or imprisoned, regardless of whether obligor is still incarcerated.
Foreclosure referral	Marital difficulties	Reason for default is problems associated with separation or divorce including dispute over payments during divorce settlement, reduction in income available to pay the mortgage debt, etc.
Foreclosure referral	Military service	Reason for default is the result of obligor being called into active duty status and the military pay is insufficient to make the monthly mortgage payment.
Foreclosure referral	Payment adjustment	Reason for default is the result of the borrower being unable to make new payments that resulted from an increase in the monthly payment.
Foreclosure referral	Payment dispute	Reason for default is that a disagreement between obligor and the mortgage servicer about the amount of the mortgage payment, the acceptance of a partial payment, the application of previous payments, etc. resulted in obligor refusing to make payments until the dispute is resolved.
Foreclosure referral	Property problems	Reason for default is the result of the condition of the property such as substandard construction, expensive and extensive repairs required, etc.
Foreclosure referral	Servicing problems	Reason for default is the result of obligor being dissatisfied with the servicer of the loan or with the fact that servicing has been transferred to a new servicer.
Foreclosure referral	Tenant not paying	Reason for default is the result of the obligor's tenant not paying rent.
Foreclosure referral	Transfer of ownership	Reason for default is the result of the obligor not making payments while sale of the property is pending.
Foreclosure referral	Unemployment notification	Reason for default is the result of a reduction in obligor's income due to loss of job.
Foreclosure referral	Borrower never responded to outreach	Reason for default is unknown (unable to get contact or unable to determine the reason).
Foreclosure sale scheduled	Date of scheduled foreclosure sale	Month, day, and year the property will be sold to satisfy the loan obligation (or month, day, and year it is anticipated the property will be sold to satisfy the loan obligation for states such as South Dakota).
Foreclosure sale scheduled	Foreclosure type	Type of legal process by which the property is sold to satisfy the loan obligation.
Foreclosure sale scheduled	Judicial	Type of foreclosure process done through court action.
Foreclosure sale scheduled	Non-judicial	Type of foreclosure process done through the power of sale.
Substantial equity case	Total eligible indebtedness	The unpaid principal balance, accrued unpaid interest, allowable advances, liquidation expenses, and property preservation expenses (if incurred prior to the actual foreclosure sale date or the end of the foreclosure timeframe, whichever is earlier), less any credits.
Substantial equity case	Estimated unpaid principal balance of all other liens	The unpaid balance of any outstanding liens against the property.
Substantial equity case	Calculated equity amount (fair market value less all liens)	The fair market value of the property minus all monies owed on other liens.
Foreclosure sale postponed or cancelled	Date postponed or cancelled	Month, day, and year that foreclosure sale is postponed or cancelled.
Foreclosure sale postponed or cancelled	Postponed or cancelled indicator	Indicator denoting whether the foreclosure sale was postponed or whether it was cancelled.
Foreclosure sale postponed or cancelled	Reason	Basis for postponement or cancellation of foreclosure sale.
Foreclosure sale postponed or cancelled	Reinstatement	Reason for postponement or cancellation of foreclosure sale is to allow additional time for obligor to reinstate the loan.
Foreclosure sale postponed or cancelled	Bankruptcy	Reason for postponement or cancellation of foreclosure sale is petition for relief was filed under U.S. bankruptcy codes by or on behalf of the obligor.
Foreclosure sale postponed or cancelled	Repayment plan	Reason for postponement or cancellation of foreclosure sale is servicer has an agreement with the obligor for reinstatement of the loan through a schedule of increased payments.
Foreclosure sale postponed or cancelled	Special forbearance	Reason for postponement or cancellation of foreclosure sale is servicer has an agreement with the obligor to suspend foreclosure for a specified period of time to allow for loan reinstatement.
Foreclosure sale postponed or cancelled	Loan modification	Reason for postponement or cancellation of foreclosure sale is servicer has modified or is considering modification of the loan that will result in loan reinstatement.
Foreclosure sale postponed or cancelled	Private sale	Reason for postponement or cancellation of foreclosure sale is to allow additional time for obligor to complete a sale of the property, in which there is equity.
Foreclosure sale postponed or cancelled	Compromise sale	Reason for postponement or cancellation of foreclosure sale is to allow additional time to complete a sale of the property, even though the sale proceeds will be less than the total indebtedness.
Foreclosure sale postponed or cancelled	Title problems	Reason for postponement or cancellation of foreclosure sale is that title search disclosed problems which must be resolved prior to foreclosure.
Foreclosure sale postponed or cancelled	VA requested (includes refund consideration)	Reason for postponement or cancellation of foreclosure sale is VA requested.
Foreclosure sale postponed or cancelled	Procedural errors (failure to give notice, legal issues, failure to comply with foreclosure laws, incorrect publication, trustee appointments, recording issues)	Reason for postponement or cancellation of foreclosure sale is procedural error, such as failure to give notice, legal issues, failure to comply with foreclosure laws, incorrect publication, trustee appointments, recording issues, etc.
Foreclosure sale postponed or cancelled	Late appraisal	Reason for postponement or cancellation of foreclosure sale is that appraisal was not performed in time to proceed to foreclosure sale.
Foreclosure sale postponed or cancelled	Contested foreclosure	Reason for postponement or cancellation of foreclosure sale is the obligor or other party contests the validity or priority of the mortgage or lien being foreclosed or creates an issue with respect to mortgage holder's right to foreclose it.
Foreclosure sale postponed or cancelled	Property damage	Reason for postponement or cancellation of foreclosure sale is damage to the property occurred subsequent to completion of liquidation appraisal which could change or invalidate the bid amount.
Foreclosure sale postponed or cancelled	Hazardous conditions or materials (when a municipality requires property clean-up prior to foreclosure)	Reason for postponement or cancellation of foreclosure sale is municipality requires property clean-up of hazardous conditions and/or materials prior to foreclosure sale, or servicer discovers hazardous conditions and/or materials that will have an impact on final value determination.
Foreclosure sale postponed or cancelled	Condemned (with need to demolish or eminent domain) or demolished	Reason for postponement or cancellation of foreclosure sale is property is (a) deemed legally unfit for occupancy or continued existence due to its physical defects or for other causes, (b) property is being acquired by a governmental body for public uses, or (c) property has already been torn down as a result of being condemned.
Foreclosure sale postponed or cancelled	Natural disaster	Reason for postponement or cancellation of foreclosure sale is result of a natural disaster, such as fire, storm, accident, flood, earthquake, or other catastrophic event.
Foreclosure sale postponed or cancelled	Property seizure	Reason for postponement or cancellation of foreclosure sale is the result of law enforcement officials taking the property that has been used in connection with or acquired by illegal activities or to satisfy an unpaid judgment.
Foreclosure sale postponed or cancelled	SCRA	Reason for postponement or cancellation of foreclosure sale is obligor has filed for relief under or is deemed to be entitled to the (SCRA).
Foreclosure sale postponed or cancelled	Other	Reason for postponement or cancellation of foreclosure sale is other than one of the reasons listed.
Results of sale	Date of sale	Month, day, and year the foreclosure sale was held.
Results of sale	Sherriff's appraised value (if applicable, Kentucky, Ohio. Louisiana, and Oklahoma only)	Value of the property as determined by the court-ordered sheriff's appraisal.
Results of sale	Successful bidder	Designates whether the successful bidder was the holder or a third party.
Results of sale	Holder	The property was acquired by the holder of the loan.
Results of sale	Third party	The property was acquired by a third party.
Results of sale	Amount of successful bid	The amount of money bid to acquire the property.
Results of sale	Net value	The fair market value of the property minus the VA cost factor (net value = fair market value of the property * (1-the net value factor)).
Results of sale	Total eligible indebtedness	The unpaid principal balance, accrued unpaid interest, allowable advances, liquidation expenses, and property preservation expenses (if incurred prior to the actual foreclosure sale date or the end of the foreclosure timeframe, whichever is earlier), less any credits.
Transfer of custody	Insurance type (flood, earthquake, forced place, homeowner's, wind, fire)-report all applicable	Information about insurance policy(ies) in force at the time of transfer of custody to VA.
Transfer of custody	Flood	Reported insurance type is flood insurance.
Transfer of custody	Earthquake	Reported insurance type is earthquake insurance.
Transfer of custody	Forced place	Reported insurance type is forced place insurance.
Transfer of custody	Homeowner's	Reported insurance type is homeowner's insurance.
Transfer of custody	Wind	Reported insurance type is wind insurance.
Transfer of custody	Fire	Reported insurance type is fire insurance.
Transfer of custody	Policy number	Unique insurance company issued number identifying the specific insurance coverage plan.
Transfer of custody	Name of carrier	Name of the company that provides the insurance coverage.
Transfer of custody	Expiration date	Month, day, and year that the insurance coverage terminates.
Transfer of custody	Tax parcel/identification number(s)-report as many as are applicable	Unique number assigned by the local taxing authority to identify the property.
Transfer of custody	Redemption expiration date (if applicable)	Month, day, and year on which the redemption period terminates.
Transfer of custody	Date of confirmation/ratification of sale	Month, day, and year the foreclosure sale was confirmed or ratified (as required by State law).
Transfer of custody	Mortgage holder's payee vendor ID (per internal VA financial system)	Unique VA-assigned number used to identify the payee for VA purposes; servicer reports own vendor ID if servicer is payee.
Transfer of custody	Payee loan number (if payee differs from servicer)	Unique payee-assigned custody number used to identify the account.
Improper transfer of custody	Reason for the improper transfer of custody	Reason servicer erroneously transferred custody of a property to VA.
Improper transfer of custody	Holder wanted to keep the property	Holder intended to retain property but conveyed to VA in error.
Improper transfer of custody	Third party was the successful bidder	Third party was successful bidder so holder did not have the option to convey to VA.
Invalid sale results	Reason sale invalidated	Basis for determining that results changed or sale was invalid.
Invalid sale results	Bankruptcy	Reason sale was determined to be invalid is that petition for relief was filed under U.S. bankruptcy codes by or on behalf of the obligor.
Invalid sale results	Contested foreclosure	Reason sale was determined to be invalid is that the foreclosure was contested.
Invalid sale results	Third party fails to consummate sale	Reason sale was determined to be invalid is that third party purchaser did not complete the purchase requirements.
Invalid sale results	Procedural errors	Reason sale was determined to be invalid is procedural error, such as failure to give notice, legal issues, failure to comply with foreclosure laws, incorrect publication, trustee appointments, recording issues, etc.
Invalid sale results	SCRA	Reason sale was determined to be invalid is that obligor has filed for relief under or is deemed to be entitled to the SCRA.
Changed sale results	Date third party failed to consummate the sale	Month, day, and year the third party failed to consummate the sale as per consummation requirements in the applicable state (i.e. the timeframe for consummation expired).
Confirmed sale date with no transfer of custody	Confirmation or ratification date (when no transfer of custody)	Month, day, and year of sale confirmation or ratification when the servicer chooses to retain the property and the property is located in a confirmation or ratification of sale state.
Basic Claim Information	Claim type (for the claim submission—initial, supplemental, appeal)	Type of claim servicer is submitting, either initial, supplemental, or appeal.
Basic Claim Information	Payee vendor ID (per FMS)	Unique FMS-assigned number used to identify the payee for VA purposes.
Basic Claim Information	Payee loan number (if payee differs from servicer)	Unique payee-assigned number, used to identify the account.
Basic Claim Information	Borrower prepayment amount	Any unscheduled payment to principal by the borrower.
Basic Claim Information	Date of prepayment	Month, day, and year each prepayment was applied.
Basic Claim Information	Interest Rate Changes	Interest Rate Changes.
Basic Claim Information	Effective date of change for SCRA (change date), if applicable	Effective date of change for SCRA (change date).
Basic Claim Information	Interest rate for SCRA change, if applicable	Interest rate for SCRA change.
Basic Claim Information	ARM Loans (report all changes)	ARM Loans (report all changes).
Basic Claim Information	Effective date of change for ARM loans (change date)	Effective date of change for ARM loans (change date).
Basic Claim Information	Margin (for ARM interest rate changes)	Margin (for ARM interest rate changes).
Basic Claim Information	Date loan termination reported to credit bureaus	Month, day, and year that servicer reports to the credit bureau that the loan has been terminated.
Basic Claim Information	Credits	Any monies being held to be applied to the account indebtedness.
Basic Claim Information	Refunds of insurance premiums	Any monies received from refunds of insurance premiums.
Basic Claim Information	Tenant rents	Any monies received from collection of rents from tenants.
Basic Claim Information	Insurance loss information	The following elements detail the allocation of insurance proceeds.
Basic Claim Information	Date insurance claim payment received by servicer	Month, day, and year monies were paid to servicer as a result of insurable loss.
Basic Claim Information	Date denied (if applicable)	Month, day, and year that the insurance claim for damages was denied.
Basic Claim Information	Proceeds from insurance claim	Amount of insurance loss proceeds received.
Basic Claim Information	Disposition of insurance proceeds	Whether the insurance monies received were (a) applied to the unpaid principal balance, (b) used to restore the security, or (c) held in suspense.
Basic Claim Information	Applied to UPB	Whether the monies were (a) above.
Basic Claim Information	Used to restore security	Whether the monies were (b) above.
Basic Claim Information	Held in suspense	Whether the monies were (c) above.
Basic Claim Information	Amount applied to principal (if applicable)	Amount of monies from the insurance loss proceeds that were applied to the unpaid principal balance.
Basic Claim Information	Date applied to UPB (if applicable)	Month, day, and year that the insurance loss proceeds were applied to the unpaid principal balance.
Basic Claim Information	Escrow credit balance	Amount of monies, if any, remaining in tax and insurance escrow account.
Basic Claim Information	Suspended credits (partial payments in suspense)	Any other monies being held in suspense.
Basic Claim Information	Buydown credits from origination (seller buydowns)	Any unapplied seller buydown credits from loan origination.
Basic Claim Information	Buydown credits from foreclosure (only for pre-VALERI claims)	Amounts applied to (1) principal balance, (2) interest, or (3) escrow to obtain specified bid (pre-VALERI terminations). Buydown funds should have been applied, not held in suspense.
Basic Claim Information	Date of buydown or buydowns	Date or dates of foreclosure buydowns (pre-VALERI terminations).
Basic Claim Information	Interest on escrow	Amount of monies earned from obligor's escrow account as a result of interest payments.
Basic Claim Information	Itemized Advances (payment date and amount must be provided for each)	Amounts required to be advanced by the servicer to preserve and protect the property and/or the lien position. Need date and amount for every advance).
Basic Claim Information	Insurance	Amounts advanced by the servicer to obtain and/or continue insurance coverage.
Basic Claim Information	Forced place (annual), must also provide effective date	Amounts advanced by the servicer to obtain and/or continue yearly forced place insurance coverage; including month, day, and year that coverage became effective.
Basic Claim Information	Forced place (monthly binder)	Amounts advanced by the servicer to obtain and/or continue monthly forced place insurance coverage.
Basic Claim Information	Flood	Amounts advanced by the servicer to obtain and/or continue flood insurance coverage.
Basic Claim Information	Homeowner's/Fire/Hazard	Amounts advanced by the servicer to obtain and/or continue homeowner's, fire, and/or hazard insurance coverage.
Basic Claim Information	Wind	Amounts advanced by the servicer to obtain and/or continue wind insurance coverage.
Basic Claim Information	Earthquake	Amounts advanced by the servicer to obtain and/or continue earthquake insurance coverage.
Basic Claim Information	Taxes	Amounts advanced by the servicer to pay amounts which were levied by a government authority upon the property.
Basic Claim Information	City	Amounts advanced by the servicer to pay city taxes.
Basic Claim Information	County/Parish	Amounts advanced by the servicer to pay county/parish taxes.
Basic Claim Information	School	Amounts advanced by the servicer to pay school taxes.
Basic Claim Information	Levee	Amounts advanced by the servicer to pay levee taxes.
Basic Claim Information	Township	Amounts advanced by the servicer to pay township taxes.
Basic Claim Information	Municipal Utility District (MUD)	Amounts advanced by the servicer to pay MUD taxes.
Basic Claim Information	Public Utility District (PUD)	Amounts advanced by the servicer to pay PUD taxes.
Basic Claim Information	Special assessments	Amounts advanced by the servicer to pay special assessments against the property.
Basic Claim Information	Ground rent	Amounts advanced by the servicer to pay ground rent due on the property.
Basic Claim Information	Association fees	Amounts advanced by the servicer to pay HOA, CIA, PUD, and/or condo association fees.
Basic Claim Information	Property preservation	Amounts advanced by the servicer to protect and preserve the property.
Basic Claim Information	Yard maintenance	Amounts advanced by the servicer for required yard maintenance services performed on the property.
Basic Claim Information	Initial cut up to 5,000 s.f.	Amounts advanced by the servicer for initial mowing services of up to 5,000 square feet.
Basic Claim Information	Initial cut 5,001-10,000 s.f.	Amounts advanced by the servicer for initial mowing services of between 5,001 and 10,000 square feet.
Basic Claim Information	Initial cut 10,000 s.f. or larger	Amounts advanced by the servicer for initial mowing services of greater than 10,000 square feet.
Basic Claim Information	Recut cut up to 5,000 s.f.	Amounts advanced by the servicer for additional mowing services of up to 5,000 square feet.
Basic Claim Information	Recut cut 5,001-10,000 s.f.	Amounts advanced by the servicer for additional mowing services of between 5,001 and 10,000 square feet.
Basic Claim Information	Recut cut 10,000 s.f. or larger	Amounts advanced by the servicer for additional mowing services of greater than 10,000 square feet.
Basic Claim Information	Trim shrubs	Amounts advanced by the servicer for shrub trimming services performed on the property.
Basic Claim Information	Snow removal	Amounts advanced by the servicer for snow removal services performed on the property.
Basic Claim Information	Winterization	Amounts advanced by the servicer to prepare the property to withstand cold winter conditions.
Basic Claim Information	Dry heat-1 unit	Amounts advanced by the servicer to winterize one property unit with dry heat.
Basic Claim Information	Dry heat-addl. units	Amounts advanced by the servicer to winterize any additional property units with dry heat.
Basic Claim Information	Wet heat-1unit	Amounts advanced by the servicer to winterize one property unit with wet heat.
Basic Claim Information	Wet heat-addl. unit	Amounts advanced by the servicer to winterize any additional property units with wet heat.
Basic Claim Information	Radiant heat-1 unit	Amounts advanced by the servicer to winterize one property unit with radiant heat.
Basic Claim Information	Radiant heat-addl. unit	Amounts advanced by the servicer to winterize any additional property units with radiant heat.
Basic Claim Information	Reduced pressure zone (RPZ) valve	Amounts advanced by the servicer to repair, replace, or install (as necessary to comply with state health department requirements) a reduced pressure zone (RPZ) valve.
Basic Claim Information	Pools, spas, and hot tubs winterization	Amounts advanced by the servicer to winterize pools, spas, and hot tubs.
Basic Claim Information	Utilities	Amounts advanced by the servicer to pay for necessary utility services.
Basic Claim Information	Electricity	Amounts advanced by the servicer to pay for electricity.
Basic Claim Information	Gas	Amounts advanced by the servicer to pay for gas.
Basic Claim Information	Oil	Amounts advanced by the servicer to pay for oil.
Basic Claim Information	Propane	Amounts advanced by the servicer to pay for propane.
Basic Claim Information	Water and sewer	Amounts advanced by the servicer to pay for water and sewer services.
Basic Claim Information	Equipment repair or replacement	Amounts advanced by the servicer for necessary equipment repair or replacement.
Basic Claim Information	Sump pump repair	Amounts advanced by the servicer to pay for repair of a required sump pump.
Basic Claim Information	Sump pump installation	Amounts advanced by the servicer to pay for installation of a required sump pump.
Basic Claim Information	Pumping water from basement	Amounts advanced by the servicer to pay for services related to removing water from the basement of the property.
Basic Claim Information	Water well (pump, tank, and lines)	Amounts advanced by the servicer to pay for necessary water well equipment repair or replacement.
Basic Claim Information	Securing	Amounts advanced by the servicer to properly secure, protect, and preserve vacant and abandoned properties.
Basic Claim Information	Securing of the property	Amounts advanced by the servicer to initially secure the property.
Basic Claim Information	Resecure property	Amounts advanced by the servicer to resecure the property.
Basic Claim Information	Temporary roof repairs	Amounts advanced by the servicer to make required temporary roof repairs.
Basic Claim Information	Pools, spas, and hot tubs securing	Amounts advanced by the servicer to properly secure pools, spas, and hot tubs.
Basic Claim Information	In-ground pools	Amounts advanced by the servicer to properly secure in-ground pools.
Basic Claim Information	Above ground	Amounts advanced by the servicer to properly secure above ground pools.
Basic Claim Information	Hot tubs or spas	Amounts advanced by the servicer to properly secure hot tubs or spas.
Basic Claim Information	Pools, spas, and hot tubs maintenance	Amounts advanced by the servicer to pay for necessary maintenance to pools, spas, and hot tubs.
Basic Claim Information	Boarding	Amounts advanced by the servicer to properly board any openings in the property (windows and doors) with plywood.
Basic Claim Information	Boarding-1/2″ plywood	Amounts advanced by the servicer to pay for boarding with 1/2″ plywood.
Basic Claim Information	Boarding-5/8″ plywood	Amounts advanced by the servicer to pay for boarding with 5/8″ plywood.
Basic Claim Information	Boarding-3/4″plywood	Amounts advanced by the servicer to pay for boarding with 3/4″ plywood.
Basic Claim Information	Hazard Abatement	Amounts advanced by the servicer to take necessary actions in compliance with federal, state and local regulations with regards to environmental hazards (such as asbestos and radon).
Basic Claim Information	Debris removal	Amounts advanced by the servicer to remove debris from the property, in compliance with federal, state and local regulations.
Basic Claim Information	Cubic yards removed	Total number of cubic yards of debris removed.
Basic Claim Information	Amount paid per cubic yard	Amounts advanced by the servicer to remove debris from the property, per cubic yard.
Basic Claim Information	Number of units (1, 2, 3, or 4)	Amounts advanced by the servicer for debris removal from one unit.
Basic Claim Information	Vehicle removal	Amounts advanced by the servicer to remove abandoned vehicle(s) from the property in compliance with state and local requirements.
Basic Claim Information	Liquidation expenses	Expenses incurred by the servicer necessary to terminate the loan.
Basic Claim Information	Attorney fees	Expenses incurred by the servicer for legal representation necessary to terminate the loan.
Basic Claim Information	Foreclosure attorney fees	Expenses incurred by the servicer for necessary legal representation related to terminating the loan by foreclosure.
Basic Claim Information	DIL attorney fees	Expenses incurred by the servicer for necessary legal representation related to terminating the loan by deed in lieu of foreclosure.
Basic Claim Information	Bankruptcy attorney fees—chapter 7	Expenses incurred by the servicer for necessary legal representation related to filing for a relief of stay in a Chapter 7 bankruptcy proceeding.
Basic Claim Information	Bankruptcy attorney fees—chapter 13/11	Expenses incurred by the servicer for necessary legal representation related to filing for a relief of stay in a Chapter 13 or 11 bankruptcy proceeding.
Basic Claim Information	Bankruptcy attorney fees—multiple	Expenses incurred by the attorney fees-servicer for necessary legal multiple representation related to filing for a relief of stay in multiple bankruptcy proceedings.
Basic Claim Information	Ad litem/ curator fees/ warning order attorney fees	Expenses incurred by the servicer for legal representation appointed by a court to act on behalf of another party, which is necessary to terminate the loan.
Basic Claim Information	Attorney service tax	Expenses incurred by the servicer for payment of taxes imposed on attorney service fees.
Basic Claim Information	Attorney fee for foreclosure restarts	Expenses incurred by the servicer for necessary legal representation related to terminating the loan in the event that the initial foreclosure was cancelled (not postponed) due to events outside the servicer's control and must be restarted.
Basic Claim Information	Appraisals	Expenses incurred by the servicer to have a VA-assigned appraiser determine the market value of the property.
Basic Claim Information	Single unit	Expenses incurred by the servicer to have a VA-assigned appraiser determine the market value of the single unit property.
Basic Claim Information	Duplex	Expenses incurred by the servicer to have a VA-assigned appraiser determine the market value of the two unit property.
Basic Claim Information	Three units	Expenses incurred by the servicer to have a VA-assigned appraiser determine the market value of the three unit property.
Basic Claim Information	Four units	Expenses incurred by the servicer to have a VA-assigned appraiser determine the market value of the four unit property.
Basic Claim Information	Condominium	Expenses incurred by the servicer to have a VA-assigned appraiser determine the market value of the condominium property.
Basic Claim Information	Appraisal service tax	Expenses incurred by the servicer for payment of taxes imposed on services of appraiser.
Basic Claim Information	Court appraisal	Expenses incurred by the servicer to have a court ordered appraisal completed to determine the market value of the property.
Basic Claim Information	Mileage	Expenses incurred by the servicer to have a VA-assigned appraiser travel to the property to perform an appraisal.
Basic Claim Information	Appraisal update	Expenses incurred by the servicer to have a VA-assigned appraiser update the original appraisal of the property.
Basic Claim Information	Title	Expenses incurred by the servicer for title related costs necessary to terminate the loan.
Basic Claim Information	Title search	Expenses incurred by the servicer for search of records (performed by title company or attorney) prior to a foreclosure sale (to insure a valid foreclosure).
Basic Claim Information	Title examination	Expenses incurred by the servicer for a close examination of all public records that affect the title to the property, including reviewing past deeds, wills, and trusts to make sure the title has passed correctly to each owner and to verify that all prior mortgages have been extinguished.
Basic Claim Information	Title commitment	Expenses incurred by the servicer for a written commitment from the title company stating the conditions under which the title company will insure title to the property.
Basic Claim Information	Trustee sale guaranty (TSG)	Expenses incurred by the servicer for a written commitment from the title company stating the conditions under which it will insure title to the property following a proper foreclosure.
Basic Claim Information	Title endorsement	Expenses incurred by the servicer to pay required endorsement fees.
Basic Claim Information	Title update	Expenses incurred by the servicer to pay for required updates to the title commitment.
Basic Claim Information	Title policy	Expenses incurred by the servicer to pay for the title policy.
Basic Claim Information	Title opinion/abstracting legal opinion	Expenses incurred by the servicer for a statement issued by an attorney as to the quality of title after examining an abstract of title.
Basic Claim Information	Abstracting update	Expenses incurred by the servicer to pay for required updates to the abstract.
Basic Claim Information	Title service tax	Expenses incurred by the servicer to pay taxes imposed on title services.
Basic Claim Information	Certificate of regularity	Expenses incurred by the servicer to establish sufficiency of probate (wills) proceedings, or other proceedings held outside the county in which the property is situated.
Basic Claim Information	Filing fees	Expenses incurred by the servicer as charged by public officials in the property's area for recording or filing documents related to the loan obligation.
Basic Claim Information	Judgment	Expenses incurred by the servicer as charged by public officials for the recording or filing of a judgment.
Basic Claim Information	Bankruptcy	Expenses incurred by the servicer as charged by public officials for the recording or filing of bankruptcy-related motions.
Basic Claim Information	Lis pendens	Expenses incurred by the servicer as charged by public officials for the recording or filing of notice of the filing of a suit.
Basic Claim Information	Summons	Expenses incurred by the servicer as charged by public officials for the recording or filing of a summons.
Basic Claim Information	Complaint	Expenses incurred by the servicer as charged by public officials for the recording or filing of a complaint.
Basic Claim Information	Petition	Expenses incurred by the servicer as charged by public officials for the recording or filing of a petition.
Basic Claim Information	Order confirming sale	Expenses incurred by the servicer as charged by public officials for the recording or filing of an order confirming sale.
Basic Claim Information	Posting notice of sale	Expenses incurred by the servicer as charged by public officials for the posting of the notice of sale.
Basic Claim Information	Notice affidavit	Expenses incurred by the servicer as charged by public officials for the recording or filing of the affidavit stating that proper notice of sale was posted.
Basic Claim Information	Military affidavit	Expenses incurred by the servicer for a sworn, written statement, affirming that the property owner is not entitled to any rights under the SCRA.
Basic Claim Information	Notice of publication affidavit	Expenses incurred by the servicer as charged by public officials for the recording or filing of the affidavit stating that proper notice of sale was published.
Basic Claim Information	Index number	Expenses incurred by the servicer as charged by public officials for the recording or filing of the index number.
Basic Claim Information	Request for judicial intervention	Expenses incurred by the servicer as charged by public officials for the recording or filing of a request for judicial intervention.
Basic Claim Information	Recording fees—foreclosure	Expenses incurred by the servicer as charged by public officials for recording or filing foreclosure documents.
Basic Claim Information	Foreclosure deed (sheriff's, trustee's, referee's, or commissioner's deed)	Expenses incurred by the servicer as charged by public officials for recording or filing of the deed following foreclosure.
Basic Claim Information	Assignment of sheriff's deed	Expenses incurred by the servicer as charged by public officials for recording or filing the assignment of the deed following foreclosure.
Basic Claim Information	Sheriff's certificate of sale	Expenses incurred by the servicer as charged by public officials for recording or filing the Sheriff's certificate of sale.
Basic Claim Information	Assignment of sheriff's certificate of sale	Expenses incurred by the servicer as charged by public officials for recording or filing the assignment of the Sheriff's certificate of sale.
Basic Claim Information	Deed to VA	Expenses incurred by the servicer as charged by public officials for recording or filing the deed to VA.
Basic Claim Information	Notice of foreclosure	Expenses incurred by the servicer as charged by public officials for recording or filing the notice of foreclosure.
Basic Claim Information	Substitution of trustee (appointment, agreement, or document)	Expenses incurred by the servicer as charged by public officials for recording or filing the substitution of trustee.
Basic Claim Information	Notice of default/foreclosure notice	Expenses incurred by the servicer as charged by public officials for recording or filing the notice of default/foreclosure notice.
Basic Claim Information	Judgment	Expenses incurred by the servicer as charged by public officials for the recording or filing of a judgment.
Basic Claim Information	Summons	Expenses incurred by the servicer as charged by public officials for the recording or filing of a summons.
Basic Claim Information	Certificate of non-redemption	Expenses incurred by the servicer as charged by public officials for the recording or filing of a certificate of non-redemption.
Basic Claim Information	Recording Fees—DIL	Expenses incurred by the servicer as charged by public officials for recording or filing deed in lieu of foreclosure documents.
Basic Claim Information	Warranty deed from owner to holder	Expenses incurred by the servicer as charged by public officials for recording or filing the deed from owner to holder.
Basic Claim Information	Estoppel affidavit	Expenses incurred by the servicer as charged by public officials for recording or filing the estoppel affidavit.
Basic Claim Information	Deed to VA	Expenses incurred by the servicer as charged by public officials for recording or filing the deed to VA.
Basic Claim Information	Satisfaction of mortgage	Expenses incurred by the servicer as charged by public officials for recording or filing the satisfaction of mortgage/release of mortgage.
Basic Claim Information	Deed of reconveyance/full release	Expenses incurred by the servicer as charged by public officials for recording or filing the deed of reconveyance/full release.
Basic Claim Information	Foreclosure facilitation fees	Expenses incurred by the servicer as charged by public officials to facilitate the foreclosure process.
Basic Claim Information	Sheriff's/administrator/commissioner fees and costs (includes court costs)	Expenses payable with respect to sheriff/administrator/commissioner fees and costs.
Basic Claim Information	Trustee/referee/master in equity fees	Expenses incurred by the servicer to pay the trustee/referee/master in equity for fees charged.
Basic Claim Information	Auctioneer's fee	Expenses incurred by the servicer to pay the auctioneer to conduct the foreclosure sale.
Basic Claim Information	Court recorder fee	Expenses incurred by the servicer to pay the court recorder for recording services.
Basic Claim Information	Prothonatory/clerk's fee	Expenses incurred by the servicer to pay the prothonotary/clerk for fees charged.
Basic Claim Information	Other fees and costs	Expenses incurred by the servicer to pay for any liquidation Expenses not previously listed.
Basic Claim Information	Publication of sale/advertisement in newspaper or on the internet	Expenses incurred by the servicer to pay for publication/advertisement of the notice of sale in an appropriate newspaper.
Basic Claim Information	Service of process	Expenses incurred by the servicer to serve papers on any necessary party of interest.
Basic Claim Information	Personal (sheriff or private entity)	Expenses incurred by the servicer to pay for fees charged to personally serve papers on any necessary party of interest.
Basic Claim Information	By publication	Expenses incurred by the servicer to pay for fees charged to serve legal notice on any necessary party of interest by publication.
Basic Claim Information	By certified Mail	Expenses incurred by the servicer to send required notices by certified mail to all parties of interest.
Basic Claim Information	Investigation fee	Expenses incurred by the servicer to pay the investigator for fees charged.
Basic Claim Information	Non-extinguishable liens	Expenses incurred by the servicer to pay for any liens that are not extinguished by the foreclosure action.
Basic Claim Information	Committee fees and costs	Fees and costs incurred by the servicer to convene the committee to confirm the sale when there is equity and/or IRS liens.
Basic Claim Information	Transfer tax/documentary stamps	Expenses incurred by the servicer for the state or local tax payable upon the transfer of a title.
Basic Claim Information	Property inspections	Expenses incurred by the servicer for required property inspections.
Basic Claim Information	Dates inspections completed	Months, days, years, property inspections were completed.
Basic Claim Information	Property inspection fee	Expenses incurred by the servicer to pay fees charged for required property inspections.
Basic Claim Information	Municipal lien certificate	Expenses incurred by the servicer to obtain a municipal lien certificate.
Basic Claim Information	Title V septic (Massachusetts)	Expenses incurred by the servicer to inspect for and certify compliance with Title V septic requirements.
Basic Claim Information	Poundage	Fee charged by the court for handling the funds received from the sale of the property for third party bids.
Basic Claim Information	Mennonite notices	Expenses incurred by the servicer to notify every party holding a legally protected property interest whose name and address can reasonably be determined by diligent efforts.

Paperwork Reduction Act of 1995

While the proposed rule sets forth collections of information pertaining to proposed § 36.4315a, this supplemental notice contains no new or proposed revised collections of information outside of those referenced in the proposed rule.

Executive Order 12866

Executive Order 12866 directs agencies to assess all costs and benefits of available regulatory alternatives and, when regulation is necessary, to select regulatory approaches that maximize net benefits (including potential economic, environmental, public health and safety, and other advantages; distributive impacts; and equity). The Executive Order classifies a “significant regulatory action,” requiring review by the Office of Management and Budget (OMB) unless OMB waives such review, as any regulatory action that is likely to result in a rule that may: (1) Have an annual effect on the economy of $100 million or more or adversely affect in a material way the economy, a sector of the economy, productivity, competition, jobs, the environment, public health or safety, or State, local, or tribal governments or communities; (2) Create a serious inconsistency or otherwise interfere with an action taken or planned by another agency; (3) Materially alter the budgetary impact of entitlements, grants, user fees, or loan programs or the rights and obligations of recipients thereof; or (4) Raise novel legal or policy issues arising out of legal mandates, the President's priorities, or the principles set forth in the Executive Order.

The economic, interagency, budgetary, legal, and policy implications of this supplemental notice of proposed rulemaking has been examined, and it has been determined not to be a significant regulatory action under Executive Order 12866.

Unfunded Mandates

The Unfunded Mandates Reform Act requires, at 2 U.S.C. 1532, that agencies prepare an assessment of anticipated costs and benefits before developing any rule that may result in an expenditure by State, local, or tribal governments, in the aggregate, or by the private sector, of $100 million or more in any given year. This supplemental notice of proposed rulemaking would have no such effect on State, local, or tribal governments, or the private sector.

Regulatory Flexibility Act

The Secretary hereby certifies that this supplemental notice of proposed rulemaking would not have a significant economic impact on a substantial number of small entities as they are defined in the Regulatory Flexibility Act, 5 U.S.C. 601-612. This notice provides additional information concerning the computer-based system that VA proposed to implement in its prior rulemaking notice. The additional information does not alone have any economic impact on small entities. Therefore, pursuant to 5 U.S.C. 605(b), the supplemental notice of proposed rulemaking is exempt from the initial and final regulatory flexibility analysis requirements of sections 603 and 604.

Catalog of Federal Domestic Assistance

The Catalog of Federal Domestic Assistance Program number is 64.114, Veterans Housing Guaranteed and Insured Loans.

Approved: November 20, 2006.

R. James Nicholson,

Secretary of Veterans Affairs.