264 - Mortgage Loan Default Status

FUNCTIONAL GROUP=MG

This X12 Transaction Set contains the format and establishes the data contents of the Mortgage Loan Default Status Transaction Set (264) for use within an Electronic Data Interchange (EDI) environment. This transaction set will allow all notifications of mortgage loan default/foreclosure status to be filed similarly, whether they be to an insurer, guarantor, investor, or servicer. This transaction set can be used to submit notification of delinquent mortgage loans that could potentially result in foreclosure activity leading to the collection of a third-party guarantee/insurance benefit. This transaction set can also be used to file default status reports, as well as foreclosure and bankruptcy information with servicers, attorneys, trustees, government agencies, private mortgage insurers and investors.

SCHEMA

ST

Segment	Name	Position
ST	Transaction Set Header	0100
BGN	Beginning Segment	0200
MIS	Mortgagee Information Status	0300

0100

Segment	Name	Position
N1	Party Identification	0400
N2	Additional Name Information	0500
N3	Party Location	0600
N4	Geographic Location	0700
PER	Administrative Communications Contact	0800

0200

Segment	Name	Position
LX	Transaction Set Line Number	0100
DTM	Date/Time Reference	0150
N1	Party Identification	0200
N2	Additional Name Information	0300
N3	Party Location	0400
N4	Geographic Location	0500
REF	Reference Information	0600
PER	Administrative Communications Contact	0700
QTY	Quantity Information	0800
AMT	Monetary Amount Information	0900

0210

Segment	Name	Position
DTP	Date or Time or Period	1000
REF	Reference Information	1100

0211

Segment	Name	Position
N1	Party Identification	1200
N2	Additional Name Information	1300
N3	Party Location	1400
N4	Geographic Location	1500
PER	Administrative Communications Contact	1600
REF	Reference Information	1650
LS	Loop Header	1700

0212

Segment	Name	Position
REC	Real Estate Condition	1800
N3	Party Location	1900
N4	Geographic Location	2000
DFI	Default Information	2100
QTY	Quantity Information	2200
AMT	Monetary Amount Information	2300
INT	Interest	2400
SOM	Status of Mortgage	2500
DTP	Date or Time or Period	2600
MRC	Mortgagor Response Characteristics	2700
MSG	Message Text	2800
YNQ	Yes/No Question	2810
PER	Administrative Communications Contact	2820
LE	Loop Trailer	2900

SE

Segment	Name	Position
QTY	Quantity Information	0100
AMT	Monetary Amount Information	0200
SE	Transaction Set Trailer	0300

COMMENTS

Notes
1/0200	The BGN segment indicates whether the set is a corrected and verified or an advance notification transmission.
1/0300	The MIS segment provides information on the name and address change of the sending party.
1/0400	Loop 0100 identifies the sending and or the receiving parties.
1/0700	N4 may also contain the geographical location of the sender's principal servicing office, if any.
2/0100	Each iteration of loop 0200 is used to provide mortgagee information associated with a specific group of mortgages.
2/0150	The DTM segment contains the reporting date of the loan defaults.
2/1000	Loop 0210 is used to provide detail loan default information on a specific mortgage loan.
2/1000	The DTP segment contains the reporting date or a key loan associated date for the loan default.
2/1100	The REF segment provides the associated reference numbers for a specific mortgage loan.
2/1200	Loop 0211 provides information on the mortgagor, or the property owner, or the investor.
2/1400	The N3 and N4 segments contain the address information for the property.
2/1800	Loop 0212 contains detail loan default and foreclosure information on a specific mortgage loan.
2/1800	The REC segment provides information on the real estate condition of the property. REC04 and REC05 provide information on damage and number of living units on the property and are not used in transaction set 264.
2/1900	The N3 and N4 segments provide the address information for the property.
2/2100	The DFI, QTY, AMT, INT, SOM, DTP and MRC segments provide detail default information on the mortgage loan.
2/2800	The MSG segment provides loan detail remarks or comments.
2/2810	The YNQ segment is used to identify whether the property has fire insurance only, or a servicer had advanced funds on non-escrowed taxes.
3/0100	QTY and AMT provide loan administration summaries for all mortgages reported in Table 2.

rev 29/11/2024