The total monthly liabilities for all borrowers on the loan.
Valid Values:
Value may not exceed 9 numeric characters.
Valid format is “#########”. Do not enter comma, decimal, or cents and round to the nearest dollar.
When to Use:
Required for all loans.
How to Use:
Enter the monthly debt payment as defined in Freddie Mac Single-Family Seller/Servicer Guide Section 5401.2. Round to the nearest dollar.
For Subsidy Buydown Mortgages, enter the monthly debt payment calculated using the monthly housing expense determined using the Mortgage payment the borrower is making at the time the Seller delivers the Mortgage. Round to the nearest dollar.
For Mortgages for which the Borrower uses credit card, cash advance, or unsecured line of credit to pay fees, enter the monthly debt payment as defined in Guide Section 5401.2, including the amount charged or advanced that is included in the Borrower's total outstanding debt. Round to the nearest dollar.
For ARM Mortgages, enter the monthly debt payment calculated using the monthly housing expense determined using the Mortgage payment the Borrower is making at the time the Seller delivers the Mortgage. Round to the nearest dollar. See Guide Chapter 6302.5.
