264 Mortgage Loan Default Status

Functional Group MG

X12F Finance Subcommittee

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.

Heading

Position
Segment
Name
Max use
0100
Transaction Set HeaderMandatory
Max 1
To indicate the start of a transaction set and to assign a control number
0200
Beginning SegmentMandatory
Max 1
To indicate the beginning of a transaction set
The BGN segment indicates whether the set is a corrected and verified or an advance notification transmission.
0300
Mortgagee Information StatusOptional
Max 1
To provide information indicating status in mortgagee name, address, or name and address
The MIS segment provides information on the name and address change of the sending party.
0100 Loop
Repeat 2
0400
Party IdentificationMandatory
Max 1
To identify a party by type of organization, name, and code
Loop 0100 identifies the sending and or the receiving parties.
0600
Party LocationOptional
Max 1
To specify the location of the named party
0700
Geographic LocationOptional
Max 2
To specify the geographic place of the named party
N4 may also contain the geographical location of the sender's principal servicing office, if any.
0800
Administrative Communications ContactOptional
Max 2
To identify a person or office to whom administrative communications should be directed

Detail

Position
Segment
Name
Max use
0200 Loop
Repeat >1
0100
Transaction Set Line NumberMandatory
Max 1
To reference a line number in a transaction set
Each iteration of loop 0200 is used to provide mortgagee information associated with a specific group of mortgages.
0150
Date/Time ReferenceOptional
Max 2
To specify pertinent dates and times
The DTM segment contains the reporting date of the loan defaults.
0200
Party IdentificationOptional
Max 1
To identify a party by type of organization, name, and code
0400
Party LocationOptional
Max 1
To specify the location of the named party
0500
Geographic LocationOptional
Max 1
To specify the geographic place of the named party
0600
Reference InformationOptional
Max 2
To specify identifying information
0700
Administrative Communications ContactOptional
Max 2
To identify a person or office to whom administrative communications should be directed
0800
Quantity InformationOptional
Max 2
To specify quantity information
0900
Monetary Amount InformationOptional
Max 2
To indicate the total monetary amount
0210 Loop
Repeat >1
1000
Date or Time or PeriodMandatory
Max 1
To specify any or all of a date, a time, or a time period
Loop 0210 is used to provide detail loan default information on a specific mortgage loan.
The DTP segment contains the reporting date or a key loan associated date for the loan default.
1100
Reference InformationMandatory
Max 10
To specify identifying information
The REF segment provides the associated reference numbers for a specific mortgage loan.
0211 Loop
Repeat >1
1200
Party IdentificationMandatory
Max 1
To identify a party by type of organization, name, and code
Loop 0211 provides information on the mortgagor, or the property owner, or the investor.
1400
Party LocationOptional
Max 1
To specify the location of the named party
The N3 and N4 segments contain the address information for the property.
1500
Geographic LocationOptional
Max 1
To specify the geographic place of the named party
1600
Administrative Communications ContactOptional
Max 2
To identify a person or office to whom administrative communications should be directed
1650
Reference InformationOptional
Max 4
To specify identifying information
1700
Loop HeaderOptional
Max 1
To indicate that the next segment begins a loop
0212 Loop
Repeat 1
1800
Real Estate ConditionMandatory
Max 1
To indicate the condition of real estate property and, if applicable, the actions needed to correct damage
Loop 0212 contains detail loan default and foreclosure information on a specific mortgage loan.
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.
1900
Party LocationOptional
Max 1
To specify the location of the named party
The N3 and N4 segments provide the address information for the property.
2000
Geographic LocationOptional
Max 1
To specify the geographic place of the named party
2100
Default InformationOptional
Max >1
To specify mortgage loan default information
The DFI, QTY, AMT, INT, SOM, DTP and MRC segments provide detail default information on the mortgage loan.
2200
Quantity InformationOptional
Max 1
To specify quantity information
2300
Monetary Amount InformationOptional
Max 10
To indicate the total monetary amount
2400
InterestOptional
Max 1
To specify interest rate and type and the applicable time period
2500
Status of MortgageOptional
Max 10
To provide information on the status of a mortgage and the date actions were taken regarding the loan and the property
2600
Date or Time or PeriodOptional
Max 14
To specify any or all of a date, a time, or a time period
2700
Mortgagor Response CharacteristicsOptional
Max 2
To provide information on mortgagor responses and number of contacts made with a mortgagor
2800
Message TextOptional
Max 11
To provide a free-form format that allows the transmission of text information
The MSG segment provides loan detail remarks or comments.
2810
Yes/No QuestionOptional
Max 2
To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition
The YNQ segment is used to identify whether the property has fire insurance only, or a servicer had advanced funds on non-escrowed taxes.
2820
Administrative Communications ContactOptional
Max >1
To identify a person or office to whom administrative communications should be directed
2900
Loop TrailerOptional
Max 1
To indicate that the loop immediately preceding this segment is complete

Summary

Position
Segment
Name
Max use
0100
Quantity InformationOptional
Max 2
To specify quantity information
QTY and AMT provide loan administration summaries for all mortgages reported in Table 2.
0200
Monetary Amount InformationOptional
Max 2
To indicate the total monetary amount
0300
Transaction Set TrailerMandatory
Max 1
To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments)

Stedi is a registered trademark of Stedi, Inc. Stedi's EDI Reference and Mapping Guides are provided for marketing purposes and are free of charge. All names, logos, and brands of third parties listed on our site are trademarks of their respective owners (including “X12”, which is a trademark of X12 Incorporated). Stedi, Inc. and its products and services are not endorsed by, sponsored by, or affiliated with these third parties. Our use of these names, logos, and brands is for identification purposes only, and does not imply any such endorsement, sponsorship, or affiliation.