Charge-Off Details

The Charge-Off Details section of the Details page contains information about the charge-off terms and includes the following fields.

The table below provides a brief description of each data field in the Charge-Off Details section.

Field Name

Type

Description

Source

Charge Off Reason

Enumerated

The reason the charge-off is requested. The field will reflect one of the following reasons:
- Bankruptcy Trustee Sale
- Condemned Condo
- Disaster
- Government Seizure
- Litigation
- Loan Defect/Title Issue
- Low Balance Charge-Off
- Property Condition
- Receivership Sale
- Terminated HOA

Servicer Input

Hazard Insurance Claim Filed?

Yes/No

Indicates whether a hazard insurance claim has been filed for the loan.

Servicer Input

Hazard Insurance Claim Status

Enumerated

Current status of the hazard insurance claim that has been filed for the loan.

Servicer Input

Payoff Good Through Date

Date (MM/DD/YYYY)

The date until which the payoff amount is calculated for Freddie Mac projections.

For Servicer submitted charge-off requests, this date field will show "--".
For Freddie Mac initiated charge-off requests, this date field will populate a date value.

Internal

Payoff Type

Enumerated

The type of payoff as reported by the Servicer in Loan Level Reporting. The field will reflect one of the following payoff types:
-Maturity
-Prepaid
-Charge Off
-Third party sale

Internal

Payoff Date

Date (MM/DD/YYYY)

The date on which the Servicer reported the Payoff for the loan through Loan Level Reporting.

Internal

Lien To Be Released?

Yes/No

Indicates if the lien on the loan can be released as instructed by the Freddie Mac analyst.

Internal

UPB

Currency

Estimated - The current unpaid principal balance (UPB) of the loan.

Actual - The UPB at the time the payoff was reported by the Servicer.

Internal

Interest

Currency

Estimated - The delinquent interest calculated as of the last day of the prior month.

Actual - The outstanding delinquent interest at the time the payoff was reported by the servicer.

Internal

Payoff Amount

Currency

Defined by column.

Column:	Description:
Freddie Mac Projection	The payoff amount as calculated by Freddie Mac as of the Payoff As Of Date.
Estimated	The calculated payoff amount for the loan (UPB under Estimated column + interest under Estimated column).
Actual	The calculated payoff amount for the loan (UPB under Actual column + interest under Actual column).

Internal

Expenses

Currency

Defined by column.

Column:	Description:
Freddie Mac Projection	The expenses amount as entered by Freddie Mac in discussion with the Servicer.
Estimated	The expenses amount as estimated by the Servicer.
Actual	Not Applicable (Blank)

Internal/Servicer Input

Total Debt

Currency

Defined by column.

Column:	Description:
Freddie Mac Projection	The total debt calculated by Freddie Mac for the loan (payoff amount under Freddie Mac Projection column + expenses under Freddie Mac Projection column).
Estimated	The calculated total debt for the loan (payoff amount under Estimated column + expenses under Estimated column).
Actual	The calculated total debt for the loan (payoff amount under Actual column + expenses under Actual column).

Internal

Total Proceeds

Currency

Defined by column.

Column:	Description:
Freddie Mac Projection	The total proceeds as entered by Freddie Mac in discussion with the Servicer.
Estimated	The total proceeds as entered by the Servicer.
Actual	The total proceeds received by Freddie Mac.

Internal/Servicer Input

Loss Amount

Currency

Defined by column:

Column:	Description:
Freddie Mac Projection	The total loss amount calculated for the loan (total debt under Freddie Mac Projection column - total proceeds under Freddie Mac Projection column).
Estimated	The calculated total loss amount for the loan (total debt under Estimated column - total proceeds under Estimated column).
Actual	The calculated total loss amount for the loan (total debt under Actual column - total proceeds under Actual column).

Internal