Number of Delinquent Months

Overview

Resolve determines delinquency by checking the DDLPI in Loan Level Reporting (LLR). The number of delinquent months that Resolve calculates to determine eligibility will be based on the DDLPI movement that has been reported in LLR.

Note: The program delinquent requirement is a full 60 days (2 months) past due to meet the eligibility requirement.

Refer to Guide Section 9203.20(b) for eligibility requirements.

Is the mortgage eligible or ineligible for the workout based on the calculated number of delinquent months? Let's review two examples:

Example #1

A borrower is due for three months as of the current cycle. No payment has been received from the borrower in the current cycle. The last payment received satisfied interest paid through July reflecting a DDLPI of July 1, 20xx. As of October 12, 20xx (submission/evaluation date), no payment has been reported through LLR in the October cycle.

Current Cycle: October, 20xx

DDLPI: July 1, 20xx

Submission date: October 12, 20xx

A borrower is due for August, September and October, 20xx at the time of submission, based on the DDLPI of July 1, 20xx, as reported in LLR.

The table below provides loan activity for the three months.

Cycle	Payment Received	DDLPI in Loan Level Reporting	Resolve calculates Number of Delinquent Months
August 20xx	No	July 1, 20xx	1
September 20xx	No	July 1, 20xx	2
October 20xx	No	July 1, 20xx	2

As of the submission date, October 12, 20xx, the borrower has missed two payments and is due for the October payment. Because the borrower has the full month of October to make their payment, Resolve calculates 2 as the Number of Delinquent Months.

The mortgage is eligible for the workout requested as the number of delinquent months falls within the parameters of the eligibility requirement (i.e., at least 60 days/2 months but less than or equal to 180 days/6 months as of the evaluation date).

Example #2

The borrower has missed two payments and is 30 days delinquent the beginning of the current cycle. The last payment received satisfied interest paid through July reflecting a DDLPI of July 1, 20xx. A payment has been received from the borrower in the current cycle. As of October 17, 20xx (submission date), the payment was reported in LLR in the October cycle and the DDLPI moved from July 1, 20xx to August 1, 20xx.

Current Cycle: October, 20xx

DDLPI: August 1, 20xx

Submission date: October 17, 20xx

A payment was reported on October 15, 20xx and the borrower remained 30 days delinquent in the current cycle.

The table below provides loan activity for the three months.

Cycle	Payment Received	DDLPI in Loan Level Reporting	Resolve calculates Number of Delinquent Months
August 20xx	No	July 1, 20xx	1
September 20xx	No	July 1, 20xx	2
October 20xx	Yes	August 1, 20xx	1

At submission, the mortgage is ineligible for the workout option as it falls outside the parameters of the eligibility requirement for the number of delinquent months (i.e., at least 60 days/2 months but less than or equal to 180 days/6 months as of the evaluation date).