Conditional; Basis Points if Monthly Basis points Integer; Range >=36 AND <=150; 32 BPS Service Fee = 0 Integer followed by decimal(2); Must be >= and <= ‘0.00 ’1407.00’ Conditional; (Lender may charge a fee not to Repair Admin if Repair Set Repair Admin Fee exceed the greater of one and 33 Fee Aside is > (1 1/2) percent of the funds used $0.00 for repairs or $50 for administration of the agreement) Integer followed by decimal(2); If FHA Case # Assigned Date is >=10/31/08: Loan Loan Origination Must be >= and <= ‘$0.00’ ‘$6,000’; Origination Yes 34 Amount 2% of MCA up to $200,000; Amt Additional 1% of MCA > $200,000; Used in the calculation MO Fields The date the HECM mortgaged property was sold to the Date(10); Sale Date mortgagor. This field No 35 Format: YYYY-MM-DD; is applicable only for HECM for Purchase product type. Contract Date. This field is applicable Contract Date(10); only for HECM for No 36 Date Format: YYYY-MM-DD; Purchase product type. Conditionally required if Product Type = HECM Standard for Purchase, HECM for Was Prior Integer(1); Purchase or Sale/ Was Prior = No; HECM Saver ‘0’ Transfer sale/Transfer = Yes; for Purchase 37 ‘1’ Conditionally required if Was Prior Prior Sale Date(10); Sale/Transfer Date Prior Sale Date Format: YYYY-MM-DD; is YES 38 Conditionally required if Was Prior Prior Sale Prior Sale Price Integer followed by Decimal(2); Sale/Transfer Price Amount Amount Must be >= is YES 39 ‘0.00’
Basis Points BPS Basis points Integer; Range >=36 AND <=150; Conditional; if Monthly Service Fee = 0 32 Repair Admin Fee Repair Admin Fee Integer followed by decimal(2); Must be >= ‘0.00 and <= ’1407.00’ (Lender may charge a fee not to exceed the greater of one and (1 1/2) percent of the funds used for repairs or $50 for administration of the agreement) Conditional; if Repair Set Aside is > $0.00 33 Loan Origination Amt Loan Origination Amount Integer followed by decimal(2); If FHA Case # Assigned Date is >=10/31/08: Must be >= ‘$0.00’ and <= ‘$6,000’; 2% of MCA up to $200,000; Additional 1% of MCA > $200,000; Used in the calculation MO Fields Yes 34 Sale Date The date the HECM mortgaged property was sold to the mortgagor. This field is applicable only for HECM for Purchase product type. Date(10); Format: YYYY-MM-DD; No 35 Contract Date Contract Date. This field is applicable only for HECM for Purchase product type. Date(10); Format: YYYY-MM-DD; No 36 Was Prior Sale/ Transfer Was Prior sale/Transfer Integer(1); ‘0’ = No; ‘1’ = Yes; Conditionally required if Product Type = HECM Standard for Purchase, HECM for Purchase or HECM Saver for Purchase 37 Prior Sale Date Prior Sale Date Date(10); Format: YYYY-MM-DD; Conditionally required if Was Prior Sale/Transfer is YES 38 Prior Sale Price Amount Prior Sale Price Amount Integer followed by Decimal(2); Must be >= ‘0.00’ Conditionally required if Was Prior Sale/Transfer is YES 39
HECMB2GUPRECLAY0917.DOCX