[Federal Register Volume 71, Number 227 (Monday, November 27, 2006)]
[Proposed Rules]
[Pages 68498-68517]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 06-9403]


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DEPARTMENT OF VETERANS AFFAIRS

38 CFR Part 36

RIN 2900-AL65


Loan Guaranty: Loan Servicing and Claims Procedures Modifications

AGENCY: Department of Veterans Affairs.

ACTION: Supplemental notice of proposed rulemaking; reopening of 
comment period.

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SUMMARY: This document provides supplemental notice regarding a 
proposal to amend the Department of Veterans Affairs (VA) Loan Guaranty 
regulations related to several aspects of the servicing and liquidating 
of guaranteed housing loans in default, and submission of guaranty 
claims by loan holders. It provides specific information regarding the 
computer-based system that VA proposes to implement as part of the loan 
servicing and claims procedure modifications in this rulemaking. VA is 
reopening the comment period for the limited purpose of accepting 
public comments concerning the supplemental information provided in 
this notice.

DATES: Comments must be received on or before December 11, 2006. All 
comments previously received following publication of the proposed rule 
referenced above are being considered and do not need to be 
resubmitted.

ADDRESSES: Written comments may be submitted through 
www.regulations.gov; by mail or hand-delivery to the Director, 
Regulations Management (00REG), Department of Veterans Affairs, 810 
Vermont Ave., NW, Room 1068, Washington, DC 20420; or by fax to (202) 
273-9026. Comments should indicate that they are submitted in response 
to ``RIN 2900-AL65.''; Copies of comments received will be available 
for public inspection in the Office of Regulation Policy and 
Management, Room 1063B, between the hours of 8 a.m. and 4:30 p.m., 
Monday through Friday (except holidays). Please call (202) 273-9515 for 
an appointment. In addition, during the comment period, comments may be 
viewed online through the Federal Document Management System (FDMS). 
Comments previously received regarding the notice of proposed 
rulemaking for RIN 2900-AL65, published February 18, 2005 (70 FR 8472), 
will still be considered in the rulemaking process and do not need to 
be resubmitted.

FOR FURTHER INFORMATION CONTACT: Mike Frueh, Assistant Director for 
Loan Management (261), Veterans Benefits Administration, Department of 
Veterans Affairs, 810 Vermont Avenue, NW, Washington, DC 20420, at 202-
273-7325. (This is not a toll-free telephone number.)

SUPPLEMENTARY INFORMATION: VA published a notice of proposed rulemaking 
in the Federal Register on February 18, 2005 (70 FR 8472), to amend 
regulations concerning the servicing and claims submission requirements 
on VA-guaranteed home loans. Included in that proposed rule were 
requirements for reporting information to VA under new 38 CFR 36.4315a. 
Under the Revised Reporting Requirements preamble heading, 70 FR 8474-
8475, VA stated that proposed Sec.  36.4315a would require all loan 
holders to electronically report information to the Department by use 
of a computer system, and that VA would be providing more specific 
information on this system prior to implementation. As VA has 
progressed in developing the VA Loan Electronic Reporting Interface 
(VALERI) necessary to receive reports from loan servicers, it has more 
clearly defined the system events and data elements that would be 
reported under Sec.  36.4315a and is now ready to submit for public 
comment this more detailed information on VALERI. VA identifies these 
events and data elements in the supplementary information that follows.

Event Definitions

    (1) Loan paid in full--when the loan obligation has been fully 
satisfied by receipt of funds and not a servicing transfer.
    (2) Transfer of ownership--when the title holder of the property 
changes.
    (3) Release of liability--when an obligor has been released from 
liability.
    (4) Unauthorized transfer of ownership--when the servicer discovers

[[Page 68499]]

that the loan has been assumed without prior approval (only on loans 
originated on or after March 1, 1988).
    (5) SCRA relief filed--when any obligor on the loan requests or is 
deemed to be entitled to relief with regard to the loan under the 
Servicemembers Civil Relief Act (SCRA).
    (6) Partial release of security--when pursuant to 38 CFR 36.4324, 
the holder has released the lien on a part of the security for the 
loan.
    (7) Insurable loss occurred--when an insurable loss has occurred on 
the loan.
    (8) Servicing transfer (transferring servicer)--when a servicer of 
a loan transfers servicing to a new servicer.
    (9) Servicing transfer (receiving servicer)--when the new servicer 
boards the loan.
    (10) Electronic Default Notification (EDN)--when the loan becomes 
at least 61 days delinquent.
    (11) Delinquency status--when the holder notifies VA of any updates 
to the delinquency information on loans for which an EDN has been 
submitted.
    (12) Contact information change--when there is a change to the 
contact information for current owners or a property or mailing address 
change.
    (13) Occupancy status change--when there is a change in property 
occupancy status.
    (14) Bankruptcy filed--when any owner files a petition under the 
Bankruptcy Code.
    (15) Bankruptcy update--when a significant event related to the 
bankruptcy has occurred.
    (16) Loss mitigation letter sent--when the holder sends the loss 
mitigation letter to the borrower as required by 38 CFR 
36.4346(g)(1)(iv).
    (17) Partial payment returned--when the holder returns a partial 
payment to the borrower.
    (18) Default cured/loan reinstated--when a previously reported 
default (i.e., an EDN was filed) has been cured and the loan 
reinstated.
    (19) Cure/reinstatement reversal--when a defaulted loan was 
reported ``default cured/loan reinstated'' and it must later be 
reversed.
    (20) Default reported to credit bureau--when the holder notifies 
any of the credit bureaus of a defaulted loan or loan termination.
    (21) Extenuating property circumstances--when extenuating property 
circumstances occur.
    (22) Repayment plan approved--when the holder approves a repayment 
plan.
    (23) Repayment plan infeasible--when the holder determines that a 
repayment plan is not feasible.
    (24) Special forbearance approved--when the holder approves a 
special forbearance agreement.
    (25) Special forbearance infeasible--when the holder determines 
that a special forbearance agreement is not feasible.
    (26) Loan modification approved--when the holder approves a loan 
modification.
    (27) Loan modification complete--when both the holder and the 
owner(s) have executed the modification agreement.
    (28) Loan modification infeasible--when the holder determines the 
loan modification option infeasible.
    (29) Compromise sale approved--when the holder approves a 
compromise sale.
    (30) Compromise sale complete--when a compromise sale closes.
    (31) Compromise sale infeasible--when the holder determines the 
compromise sale option infeasible.
    (32) Deed-in-lieu of foreclosure approved--when the holder approves 
a deed-in-lieu of foreclosure.
    (33) Deed-in-lieu of foreclosure complete--when the holder records 
the deed-in-lieu of foreclosure.
    (34) Deed-in-lieu of foreclosure infeasible--when the holder 
determines the deed-in-lieu of foreclosure option infeasible.
    (35) Foreclosure referral--when the loan is referred to legal 
counsel for foreclosure.
    (36) Foreclosure sale scheduled--when the foreclosure sale is 
scheduled.
    (37) Substantial equity case--when the holder determines that 
equity of at least 25 percent exists per 38 CFR 36.4319a(e).
    (38) Foreclosure sale postponed or cancelled--when the foreclosure 
sale is postponed or cancelled.
    (39) Results of sale--when the foreclosure sale is complete, the 
holder reports the results of the foreclosure sale.
    (40) Transfer of custody--when the holder notifies VA of the 
holder's intent to convey the property.
    (41) Improper transfer of custody--when the holder discovers that 
the conveyance of the property to VA was improper.
    (42) Invalid sale results--when the foreclosure sale is invalid.
    (43) Changed sale results--when the foreclosure sale results were 
changed.
    (44) Confirmed sale date with no transfer of custody--when the loan 
is terminated, the property is not conveyed, and the property is 
located in a confirmation/ratification of sale state.
    (45) Basic claim information--when the holder files a claim under 
guaranty.
    (46) Refunding Settlement--when VA refunds a loan and the holder 
reports the tax and insurance information.

                        Data Element Definitions
------------------------------------------------------------------------
                                                    Business definition
          Event name              Data elements       of data element
------------------------------------------------------------------------
 Header information for all     VA loan number...  12 position unique
 event reporting.                                   identifier for each
                                                    loan guaranteed by
                                                    VA. The VA Loan
                                                    Number consists of a
                                                    two-position numeric
                                                    code for the
                                                    regional office
                                                    which has
                                                    jurisdiction over
                                                    the loan (OJ), a two-
                                                    position numeric
                                                    code for the
                                                    regional office
                                                    which originated the
                                                    loan (OO), a one-
                                                    position code for
                                                    the type of loan
                                                    (T), and a seven-
                                                    position serial
                                                    number or loan
                                                    number (NNNNNNN).
                                                    The format is
                                                    OJOOTNNNNNNN. VALERI
                                                    uses the twelve-
                                                    digit VA loan number
                                                    as the primary means
                                                    of identifying loan
                                                    data.
 Header information...........  Date of the loan.  Month, day, and year
                                                    that the loan
                                                    originated.
 Header information...........  Original loan       Total amount of
                                 amount.            principal owed on
                                                    the mortgage at loan
                                                    origination before
                                                    any payments are
                                                    made on the loan.
 Header information...........  Property state     The state
                                 abbreviation.      abbreviation of the
                                                    expanded property
                                                    address.
 Header information...........  Current servicer   Unique VA-issued
                                 identification     number for the
                                 number.            servicer location
                                                    that is responsible
                                                    for billing,
                                                    collecting and
                                                    disbursing payments,
                                                    and filing reports
                                                    on the VA loan.
                                                    VALERI also uses
                                                    this as secondary
                                                    loan identification
                                                    data, as needed, to
                                                    identify records.

[[Page 68500]]

 
 Header information...........  Servicer loan      Unique servicer-
                                 number.            issued number given
                                                    to the VA loan for
                                                    record keeping on
                                                    the servicer system.
                                                    VALERI also uses
                                                    this as secondary
                                                    loan identification
                                                    data, as needed, to
                                                    identify records.
 Header information...........  Unique event ID..  Unique event
                                                    identification
                                                    number for event the
                                                    servicer is
                                                    reporting.
 Monthly loan status update...  Unpaid principal   Present portion of
                                 balance.           the loan not yet
                                                    repaid, exclusive of
                                                    interest or other
                                                    charges.
 Monthly loan status update...  Payment due date   Month, day, and year
                                 (a.k.a. date of    of the earliest
                                 first uncured      payment not fully
                                 default).          satisfied by the
                                                    proper application
                                                    of available credits
                                                    or deposits.
 Loan paid in full............  Date loan was      Month, day, and year
                                 paid in full.      of full satisfaction
                                                    of a guaranteed
                                                    loan.
 Transfer of ownership........  Date of transfer   Month, day, and year
                                 of ownership.      that loan is assumed
                                                    by another party
                                                    (date of
                                                    settlement).
 Transfer of ownership........   Last name of       Last name of
                                 transferee, if     individual assuming
                                 applicable.        the loan; reported
                                                    if an individual and
                                                    not an entity is
                                                    assuming the loan.
 Transfer of ownership........  First name of      First name of
                                 transferee, if     individual assuming
                                 applicable.        the loan; reported
                                                    if an individual and
                                                    not an entity is
                                                    assuming the loan
 Transfer of ownership........  Middle initial of  Middle initial of
                                 transferee, if     individual assuming
                                 applicable.        the loan; reported
                                                    if an individual and
                                                    not an entity is
                                                    assuming the loan.
 Transfer of ownership........  Suffix of          Suffix (Jr., Sr.,
                                 transferee, if     III, etc.), if any,
                                 applicable.        of individual
                                                    assuming loan;
                                                    reported if an
                                                    individual and not
                                                    an entity is
                                                    assuming the loan.
 Transfer of ownership........  Social security    Social security
                                 number of          number of individual
                                 transferee, if     assuming loan;
                                 applicable.        reported if an
                                                    individual and not
                                                    an entity is
                                                    assuming the loan.
 Transfer of ownership........  Name of entity     Name of entity
                                 assuming loan,     assuming loan, if
                                 if applicable.     applicable; reported
                                                    if an entity and not
                                                    an individual is
                                                    assuming the loan.
 Transfer of ownership........   Taxpayer           Taxpayer
                                 identification     identification
                                 number, if         number of entity
                                 applicable.        assuming the loan;
                                                    reported if an
                                                    entity and not an
                                                    individual is
                                                    assuming the loan.
 Transfer of ownership........   Last name of co-   Last name of second
                                 transferee, if     individual assuming
                                 applicable.        the loan; reported
                                                    if there is a co-
                                                    transferee.
 Transfer of ownership........   First name of co-  First name of second
                                 transferee, if     individual assuming
                                 applicable.        the loan; reported
                                                    if there is a co-
                                                    transferee.
 Transfer of ownership........   Middle initial     Middle initial of
                                 of co-             second individual
                                 transferee, if     assuming the loan;
                                 applicable.        reported if there is
                                                    a co-transferee.
 Transfer of ownership........  Suffix of co-       Suffix (Jr., Sr.,
                                 transferee, if     III, etc.), if any,
                                 applicable.        of second individual
                                                    assuming loan;
                                                    reported if there is
                                                    a co-transferee.
 Transfer of ownership........  Social security    Social security
                                 number of co-      number of second
                                 transferee, if     individual assuming
                                 applicable.        loan; reported if
                                                    there is a co-
                                                    transferee.
 Release of liability.........  Date of release..  Month, day, and year
                                                    on which the former
                                                    obligor is no longer
                                                    responsible for the
                                                    loan.
 Unauthorized transfer of       Date servicer      Month, day, and year
 ownership.                      discovers          servicer discovers
                                 unauthorized       that a transfer of
                                 transfer.          ownership occurred
                                                    without prior
                                                    approval by VA and/
                                                    or servicer.
 SCRA relief filed............  Date SCRA relief   Month, day, and year
                                 requested.         assistance under the
                                                    SCRA was requested
                                                    (explicit request or
                                                    discovery of
                                                    eligibility during
                                                    servicing).
 SCRA relief filed............  Effective date of  Month, day, and year
                                 SCRA relief (can   that the veteran
                                 be prior to        became eligible for
                                 request date).     assistance under the
                                                    SCRA.
 SCRA relief filed............  Expected SCRA      Month, day, and year
                                 relief end date.   the relief is
                                                    expected to end
                                                    pursuant to the
                                                    requirements of the
                                                    Act.
 Partial release of security..  Date partial       Month, day, and year
                                 release of         that the security
                                 security           document releasing a
                                 document was       portion of the
                                 executed.          secured property is
                                                    executed.
 Partial release of security..  Amount of the      Amount that is
                                 proceeds from      applied to the
                                 the partial        outstanding loan
                                 release of         balance from the
                                 security that      partial release of
                                 are applied to     security; if the
                                 the outstanding    loan to value ratio
                                 loan balance.      is greater than or
                                                    equal to 80 percent,
                                                    the servicer must
                                                    apply sufficient
                                                    proceeds from the
                                                    release to the
                                                    outstanding loan
                                                    balance to bring LTV
                                                    to less than 80
                                                    percent.
 Partial release of security..  Amount of          Amount offered for
                                 consideration      the portion of the
                                 offered for the    security being
                                 property.          released.
 Partial release of security..  Date applied to    Month, day, and year
                                 principal.         that proceeds from
                                                    the partial release
                                                    of security are
                                                    applied to the loan
                                                    balance.
 Partial release of security..  Unpaid principal   Loan balance that is
                                 balance after      outstanding after
                                 application of     application of
                                 proceeds.          proceeds from the
                                                    partial release of
                                                    security.
 Partial release of security..  Value of           Appraised value of
                                 remaining          the remaining
                                 security.          security after the
                                                    release is
                                                    completed.
 Insurable loss occurred......  Type of damage...  Type of property
                                                    damage that resulted
                                                    in an insurance
                                                    claim being filed.
 Insurable loss occurred......  Fire Damage......  Type of property
                                                    damage that resulted
                                                    in an insurance
                                                    claim being filed is
                                                    fire damage.
 Insurable loss occurred......  Neglect..........  Type of property
                                                    damage that resulted
                                                    in an insurance
                                                    claim being filed is
                                                    neglect.
 Insurable loss occurred......  Vandalized.......  Type of property
                                                    damage that resulted
                                                    in an insurance
                                                    claim being filed is
                                                    property vandalism.
 Insurable loss occurred......  Freeze...........  Type of property
                                                    damage that resulted
                                                    in an insurance
                                                    claim being filed is
                                                    the result of a
                                                    freeze.
 Insurable loss occurred......  Storm............  Type of property
                                                    damage that resulted
                                                    in an insurance
                                                    claim being filed is
                                                    caused by a storm.

[[Page 68501]]

 
 Insurable loss occurred......  Flood............  Type of property
                                                    damage that resulted
                                                    in an insurance
                                                    claim being filed is
                                                    flood damage.
 Insurable loss occurred......  Unknown..........  Type of property
                                                    damage that resulted
                                                    in an insurance
                                                    claim being filed is
                                                    unknown.
 Insurable loss occurred......  Hurricane........  Type of property
                                                    damage that resulted
                                                    in an insurance
                                                    claim being filed is
                                                    caused by a
                                                    hurricane.
 Insurable loss occurred......  Hail.............  Type of property
                                                    damage that resulted
                                                    in an insurance
                                                    claim being filed is
                                                    hail damage.
 Insurable loss occurred......  Tornado..........  Type of property
                                                    damage that resulted
                                                    in an insurance
                                                    claim being filed is
                                                    tornado damage.
 Insurable loss occurred......  Wind.............  Type of property
                                                    damage that resulted
                                                    in an insurance
                                                    claim being filed is
                                                    wind damage.
 Insurable loss occurred......  Mud/Landslide....  Type of property
                                                    damage that resulted
                                                    in an insurance
                                                    claim being filed is
                                                    mud or landslide
                                                    damage.
 Insurable loss occurred......  Earthquake.......  Type of property
                                                    damage that resulted
                                                    in an insurance
                                                    claim being filed is
                                                    earthquake damage.
 Insurable loss occurred......  Boiler Explosion.  Type of property
                                                    damage that resulted
                                                    in an insurance
                                                    claim being filed
                                                    was caused by a
                                                    boiler explosion.
 Insurable loss occurred......  Untypical Damage.  Type of property
                                                    damage that resulted
                                                    in an insurance
                                                    claim being filed is
                                                    other than the
                                                    typical specified
                                                    reasons.
 Insurable loss occurred......  Date damage        Month, day, and year
                                 discovered.        the damage is
                                                    discovered by the
                                                    servicer.
 Insurable loss occurred......  Date insurance     Month, day, and year
                                 claim filed.       that the insurance
                                                    claim for damage is
                                                    filed, either by the
                                                    borrower or the
                                                    servicer.
 Insurable loss occurred......  Total loss (Y/N).  Decision made by the
                                                    insurance company as
                                                    to whether or not
                                                    the property can be
                                                    repaired.
 Servicing transfer             Servicing release  Month, day, and year
 (transferring servicer).        date.              that a servicer
                                                    transfers
                                                    responsibility for
                                                    servicing a
                                                    guaranteed loan to
                                                    another servicer.
 Servicing transfer             Name of new        Name of servicer
 (transferring servicer).        servicer.          receiving
                                                    responsibility for
                                                    servicing a
                                                    guaranteed loan.
 Servicing transfer (receiving  Date loan          Month, day, and year
 servicer).                      acquired.          on which a servicer
                                                    became responsible
                                                    for servicing a
                                                    guaranteed loan.
 Servicing transfer (receiving  Previous servicer  Loan number
 servicer).                      loan number.       associated with the
                                                    loan on the previous
                                                    servicer's system.
 Electronic default             Date of first      Month, day, and year
 notification.                   payment on the     of the first
                                 original loan.     scheduled payment on
                                                    the loan (per the
                                                    loan instruments).
 Electronic default             Payment due date.  Month, day, and year
 notification.                                      of the earliest
                                                    payment not fully
                                                    satisfied by the
                                                    proper application
                                                    of available credits
                                                    or deposits.
 Electronic default             Property address   The first line of the
 notification.                   line 1.            expanded property
                                                    address.
 Electronic default             Property address   The second line of
 notification.                   line 2.            the expanded
                                                    property address.
 Electronic default             Property address   The unit number of
 notification.                   unit number.       the expanded
                                                    property address.
 Electronic default             Property address   The city name of the
 notification.                   city.              expanded property
                                                    address.
 Electronic default             Property address   A group of fields
 notification.                   zip code.          containing the zip
                                                    code.
 Electronic default             Property address   The zip code suffix
 notification.                   suffix.            of the expanded
                                                    property address.
 Electronic default             Property address   The state
 notification.                   state              abbreviation of the
                                 abbreviation.      expanded property
                                                    address.
 Electronic default             Last name of       Surname of the
 notification.                   current owner,     individual who
                                 if applicable.     currently owns the
                                                    property; if owner
                                                    is an individual and
                                                    not an entity.
 Electronic default             First name of      First name of the
 notification.                   current owner,     individual who
                                 if applicable.     currently owns the
                                                    property.
 Electronic default             Middle initial of  First letter of the
 notification.                   current owner,     middle name, if any,
                                 if applicable.     of the individual
                                                    who currently owns
                                                    the property; if
                                                    owner is an
                                                    individual and not
                                                    an entity.
 Electronic default             Suffix of current  Suffix (Jr., Sr.,
 notification.                   owner, if          III, etc.), if any,
                                 applicable.        of the individual
                                                    who currently owns
                                                    the property; if
                                                    owner is an
                                                    individual and not
                                                    an entity.
 Electronic default             Social security    Unique SSA-issued
 notification.                   number of          number assigned to
                                 current owner;     the individual who
                                 if current owner   currently owns the
                                 is an individual.  property; if owner
                                                    is an individual and
                                                    not an entity.
 Electronic default             Last name of       Surname of the
 notification.                   current co-        individual who
                                 owner, if          currently co-owns
                                 applicable.        the property, if
                                                    applicable.
 Electronic default             First name of      First name of the
 notification.                   current co-        individual who
                                 owner, if          currently co-owns
                                 applicable.        the property, if
                                                    applicable.
 Electronic default             Middle initial of  First letter of the
 notification.                   current co-        middle name, if any,
                                 owner, if          of the individual
                                 applicable.        who currently co-
                                                    owns the property,
                                                    if applicable.
 Electronic default             Suffix of current  Suffix (Jr., Sr.,
 notification.                   co-owner, if       III, etc.), if any,
                                 applicable.        of the individual
                                                    who currently co-
                                                    owns the property,
                                                    if applicable.
 Electronic default             Social security    Unique SSA-issued
 notification.                   number of          number assigned to
                                 current co-        the individual who
                                 owner; if          currently co-owns
                                 applicable.        the property, if
                                                    applicable.
 Electronic default             Name of entity     Name of entity that
 notification.                   that is current    currently owns the
                                 owner, if          property, if owner
                                 applicable.        is an entity and not
                                                    an individual.
 Electronic default             Taxpayer           Unique IRS-issued
 notification.                   identification     number assigned to
                                 number, if         the entity who
                                 current owner is   currently owns the
                                 an entity.         property, if owner
                                                    is an entity and not
                                                    an individual.
 Electronic default             Mailing address    First line of the
 notification.                   line 1 (if         mailing address of
                                 different from     current owners.
                                 property
                                 address).

[[Page 68502]]

 
 Electronic default             Mailing address    Second line of the
 notification.                   line 2 (if         mailing address of
                                 different from     current owners.
                                 property
                                 address).
 Electronic default             Mailing address    The zip code suffix
 notification.                   suffix (if         of the mailing
                                 different from     address.
                                 property
                                 address).
 Electronic default             Mailing address    The unit number of
 notification.                   unit number (if    the expanded mailing
                                 different from     address.
                                 property
                                 address).
 Electronic default             Mailing address    The city name of the
 notification.                   city (if           expanded mailing
                                 different from     address.
                                 property
                                 address).
 Electronic default             Mailing address    A group of fields
 notification.                   zip code (if       containing the zip
                                 different from     code +4 of the
                                 property           expanded mailing
                                 address).          address.
 Electronic default             Mailing address    The state
 notification.                   state              abbreviation of the
                                 abbreviation (if   expanded mailing
                                 different from     address.
                                 property
                                 address).
 Electronic default             Interest rate on   Rate of interest
 notification.                   loan.              charged on the loan,
                                                    expressed as a
                                                    percentage, per the
                                                    loan instruments.
 Electronic default             Unpaid principal   Present portion of
 notification.                   balance.           the loan not yet
                                                    repaid, exclusive of
                                                    interest or other
                                                    charges.
 Electronic default             Principal and      Amount of principal
 notification.                   interest (P&I)     and interest due
                                 portion of         monthly under the
                                 monthly            terms of the loan
                                 installment.       agreement.
 Electronic default             Taxes and          Amount of the tax and
 notification.                   insurance (T&I)    insurance deposit
                                 portion of         due monthly under
                                 monthly            the terms of the
                                 installment.       loan agreement and
                                                    determined by the
                                                    servicer in
                                                    accordance with Real
                                                    Estate Settlement
                                                    Procedures Act
                                                    (RESPA).
 Electronic default             Other portion of   Amount due monthly
 notification.                   monthly            that does not
                                 installment.       pertain to principal
                                                    and interest, taxes
                                                    and insurance or
                                                    late charges due
                                                    under the terms of
                                                    the obligation as of
                                                    notice date (e.g.,
                                                    Homeowner
                                                    Association (HOA)
                                                    fees).
 Electronic default             Late charges due.  Amount due as a
 notification.                                      result of penalties
                                                    imposed by the
                                                    servicer that a
                                                    borrower must pay
                                                    when a payment is
                                                    missed or made after
                                                    the due date under
                                                    the terms of the
                                                    obligation as of
                                                    notice date.
 Electronic default             Occupant of        Status of who
 notification.                   property.          currently resides in
                                                    the property
                                                    securing the loan
                                                    obligation, or
                                                    reason why no one
                                                    resides there.
 Electronic default             Original veteran.  Individual who signed
 notification.                                      the loan documents
                                                    and originated the
                                                    loan.
 Electronic default             Tenant...........  Individual who rents
 notification.                                      or leases the
                                                    property securing
                                                    the loan obligation.
 Electronic default             Transferee.......  Individual who
 notification.                                      purchased the
                                                    property and may
                                                    have assumed the
                                                    loan.
 Electronic default             Vacant...........  Property is not
 notification.                                      occupied by anyone
                                                    but appears to be
                                                    maintained and is
                                                    secure.
 Electronic default             Abandoned........  Property is vacant,
 notification.                                      is not being
                                                    maintained, is not
                                                    offered for sale or
                                                    rent, and there has
                                                    been no contact with
                                                    the current owner.
 Electronic default             First phone        First phone number
 notification.                   number (obligor    (obligor 1).
                                 1).
 Electronic default             Phone number type  Phone number type for
 notification.                   for first phone    first phone number
                                 number (obligor    (obligor 1).
                                 1).
 Electronic default             Home.............  Home.
 notification.
 Electronic default             Work.............  Work.
 notification.
 Electronic default             Cell.............  Cell.
 notification.
 Electronic default             Second phone       Second phone number
 notification.                   number (obligor    (obligor 1).
                                 1).
 Electronic default             Phone number type  Phone number type for
 notification.                   for second phone   second phone number
                                 number (obligor    (obligor 1).
                                 1).
 Electronic default             Home.............  Home.
 notification.
 Electronic default             Work.............  Work.
 notification.
 Electronic default             Cell.............  Cell.
 notification.
 Electronic default             Phone number       Phone number (obligor
 notification.                   (obligor 2).       2).
 Electronic default             Phone number type  Phone number type
 notification.                   (obligor 2).       (obligor 2).
 Electronic default             Home.............  Home.
 notification.
 Electronic default             Work.............  Work.
 notification.
 Electronic default             Cell.............  Cell.
 notification.
 Electronic default             Phone number 1     Phone number 1 (other
 notification.                   (other             authorized party).
                                 authorized
                                 party).
 Electronic default             Primary reason     Reason obligor is
 notification.                   for default        unable to or did not
                                 (servicer may      remit monthly
                                 report only one).  payments.
 Electronic default             Business failure.  Reason for default is
 notification.                                      the occupation,
                                                    work, or trade in
                                                    which obligor is
                                                    engaged did not
                                                    generate enough
                                                    funds for obligor to
                                                    meet his financial
                                                    obligations.
 Electronic default             Casualty loss....  Reason for default is
 notification.                                      the damage to the
                                                    property as a result
                                                    of a fire, storm,
                                                    accident, flood,
                                                    earthquake, or other
                                                    catastrophic event.
 Electronic default             Curtailment of     Reason for default is
 notification.                   income.            a reduction or the
                                                    curtailment of
                                                    obligor's income
                                                    from employment,
                                                    investment, or other
                                                    sources.
 Electronic default             Death of borrower  Reason for default is
 notification.                                      that the obligor
                                                    died.
 Electronic default             Death of           Reason for default is
 notification.                   borrower's         the death of
                                 family member.     obligor's relative
                                                    who was contributing
                                                    towards the loan
                                                    (directly or
                                                    indirectly) and/or
                                                    that obligor has
                                                    incurred
                                                    extraordinary
                                                    expenses as a result
                                                    of such death.

[[Page 68503]]

 
 Electronic default             Distant            Reason for default is
 notification.                   employment         the result of the
                                 transfer.          borrower being
                                                    transferred or
                                                    relocated to a
                                                    distant job
                                                    location.
 Electronic default             Energy/            Reason for default is
 notification.                   environmental      the result of the
                                 cost.              borrower incurring
                                                    excessive energy
                                                    related costs or
                                                    costs associated
                                                    with removal of an
                                                    environmental hazard
                                                    in or near the
                                                    property.
 Electronic default             Excessive          Reason for default is
 notification.                   obligations.       obligor(s) incurred
                                                    excessive debt in
                                                    addition to the
                                                    mortgage obligation
                                                    or the mortgage
                                                    payment has
                                                    increased
                                                    significantly.
 Electronic default             Fraud............  Reason for default is
 notification.                                      a legal dispute
                                                    arising out of a
                                                    fraudulent or
                                                    illegal action that
                                                    occurred in
                                                    connection with the
                                                    origination of the
                                                    mortgage or at a
                                                    later date.
 Electronic default             Illness of         Reason for default is
 notification.                   borrower.          a serious illness
                                                    that keeps the
                                                    borrower from
                                                    working and
                                                    generating income,
                                                    and/or the borrower
                                                    has incurred
                                                    extraordinary
                                                    expenses as a result
                                                    of the illness.
 Electronic default             Illness of         Reason for default is
 notification.                   borrower's         the result of
                                 family.            obligor(s) incurring
                                                    extraordinary
                                                    expenses as the
                                                    result of the
                                                    illness of a family
                                                    member.
 Electronic default             Inability to rent  Reason for default is
 notification.                   property.          obligor has
                                                    insufficient income
                                                    and/or assets to
                                                    make the monthly
                                                    mortgage payment and
                                                    the rental property
                                                    is vacant.
 Electronic default             Inability to sell  Reason for default is
 notification.                   property.          obligor has
                                                    insufficient income
                                                    and/or assets to
                                                    make the monthly
                                                    mortgage payment and
                                                    is unable to sell
                                                    the property.
 Electronic default             Incarceration....  Reason for default is
 notification.                                      the result of
                                                    obligor being jailed
                                                    or imprisoned,
                                                    regardless of
                                                    whether obligor is
                                                    still incarcerated.
 Electronic default             Marital            Reason for default is
 notification.                   difficulties.      problems associated
                                                    with separation or
                                                    divorce including
                                                    dispute over
                                                    payments during
                                                    divorce settlement,
                                                    reduction in income
                                                    available to pay the
                                                    mortgage debt, etc.
 Electronic default             Military service.  Reason for default is
 notification.                                      the result of
                                                    obligor being called
                                                    into active duty
                                                    status and the
                                                    military pay is
                                                    insufficient to make
                                                    the monthly mortgage
                                                    payment.
 Electronic default             Payment            Reason for default is
 notification.                   adjustment.        the result of the
                                                    borrower being
                                                    unable to make new
                                                    payments that
                                                    resulted from an
                                                    increase in the
                                                    monthly payment.
 Electronic default             Payment dispute..  Reason for default is
 notification.                                      the result of a
                                                    disagreement between
                                                    obligor and the
                                                    mortgage servicer
                                                    about the amount of
                                                    the mortgage
                                                    payment, the
                                                    acceptance of a
                                                    partial payment, the
                                                    application of
                                                    previous payments,
                                                    etc., that result in
                                                    obligor refusing to
                                                    make payments until
                                                    the dispute is
                                                    resolved.
Electronic default              Property problems  Reason for default is
 notification.                                      the result of the
                                                    condition of the
                                                    property such as
                                                    substandard
                                                    construction,
                                                    expensive and
                                                    extensive repairs
                                                    required, etc.
 Electronic default             Servicing          Reason for default is
 notification.                   problems.          the result of
                                                    obligor being
                                                    dissatisfied with
                                                    the servicer of the
                                                    loan or with the
                                                    fact that servicing
                                                    has been transferred
                                                    to a new servicer.
 Electronic default             Tenant not paying  Reason for default is
 notification.                                      the result of the
                                                    obligor's tenant not
                                                    paying rent.
 Electronic default             Transfer of        Reason for default is
 notification.                   ownership.         the result of the
                                                    obligor not making
                                                    payments while sale
                                                    of the property is
                                                    pending.
 Electronic default             Unemployment       Reason for default is
 notification.                   notification.      the result of a
                                                    reduction in
                                                    obligor's income due
                                                    to loss of job.
 Electronic default             Borrower never     Reason for default is
 notification.                   responded to       unknown (unable to
                                 outreach.          get contact or
                                                    unable to determine
                                                    the reason).
 Delinquency status...........  Unpaid principal   Amount of principal
                                 balance (UPB).     due under the terms
                                                    of the obligation as
                                                    of payment due date.
 Delinquency status...........  Payment due date.  Month, day, and year
                                                    of the earliest
                                                    payment not fully
                                                    satisfied by the
                                                    proper application
                                                    of available credits
                                                    or deposits.
 Delinquency status...........  Principal and      Amount of principal
                                 interest (P&I)     and interest due
                                 portion of         monthly under the
                                 monthly            terms of the loan
                                 installment, if    agreement, if
                                 changed.           changed from last
                                                    report.
 Delinquency status...........  Taxes and          Amount of taxes and
                                 insurance (T&I)    insurance due
                                 portion of         monthly under the
                                 monthly            terms of the loan
                                 installment, if    agreement, if
                                 changed.           changed from last
                                                    report.
 Delinquency status...........  Other portion of   Amount due that does
                                 monthly            not pertain to
                                 installment, if    principal and
                                 changed.           interest and/or
                                                    taxes and insurance,
                                                    due under the terms
                                                    of the obligation
                                                    (example is HOA
                                                    fees), if changed
                                                    from last report.
 Delinquency status...........  Late charges due.  Amount due as a
                                                    result of penalties
                                                    imposed by the
                                                    servicer that a
                                                    borrower must pay
                                                    when a payment is
                                                    missed or made after
                                                    the due date under
                                                    the terms of the
                                                    obligation as of
                                                    notice date.
 Delinquency status...........  Expenses incurred  Any costs that have
                                 to date.           been paid by the
                                                    servicer and can be
                                                    charged to the loan.
 Contact information change...  Updated mailing    First line of the
                                 address line 1     mailing address of
                                 (if different      current owners, if
                                 from property      changed from last
                                 address).          report.

[[Page 68504]]

 
 Contact information change...  Updated mailing    Second line of the
                                 address line 2     mailing address of
                                 (if different      current owners, if
                                 from property      changed from last
                                 address).          report.
 Contact information change...  Updated mailing    The unit number of
                                 address unit       the expanded mailing
                                 number (if         address, if changed
                                 different from     from last report.
                                 property
                                 address).
 Contact information change...  Updated mailing    The city name of the
                                 address city (if   expanded mailing
                                 different from     address, if changed
                                 property           from last report.
                                 address).
 Contact information change...  Updated mailing    A group of fields
                                 address zip code   containing the zip
                                 (if different      code of the expanded
                                 from property      mailing address, if
                                 address).          changed from last
                                                    report.
 Contact information change...  Updated mailing    The zip code suffix
                                 address suffix     of the mailing
                                 (if different      address, if changed
                                 from property      from last report.
                                 address).
 Contact information change...  Updated mailing    The state
                                 address state      abbreviation of the
                                 abbreviation (if   expanded mailing
                                 different from     address, if changed
                                 property           from last report.
                                 address).
 Contact information change...  Updated first      First phone number
                                 phone number       (obligor 1).
                                 (obligor 1).
 Contact information change...  Updated phone      Phone number type for
                                 number type for    first phone number
                                 first phone        (obligor 1).
                                 number (obligor
                                 1).
 Contact information change...  Home.............  Home.
 Contact information change...  Work.............  Work.
 Contact information change...  Cell.............  Cell.
 Contact information change...  Updated second     Second phone number
                                 phone number       (obligor 1).
                                 (obligor 1).
 Contact information change...  Updated phone      Phone number type for
                                 number type for    second phone number
                                 second phone       (obligor 1).
                                 number (obligor
                                 1).
 Contact information change...  Home.............  Home.
 Contact information change...  Work.............  Work.
 Contact information change...  Cell.............  Cell.
 Contact information change...  Updated phone      Phone number (obligor
                                 number (obligor    2).
                                 2).
 Contact information change...  Updated phone      Phone number type
                                 number type        (obligor 2).
                                 (obligor 2).
 Contact information change...  Home.............  Home.
 Contact information change...  Work.............  Work.
 Contact information change...  Cell.............  Cell.
 Contact information change...  Updated phone      Phone number 1 (other
                                 number 1 (other    authorized party).
                                 authorized
                                 party).
 Occupancy status change......  Date the change    Month, day, and year
                                 in occupancy       that occupancy
                                 status is          status change was
                                 discovered by      discovered by the
                                 servicer.          servicer.
 Occupancy status change......  Occupancy status.  Status of who
                                                    currently resides in
                                                    the property
                                                    securing the loan
                                                    obligation, or
                                                    reason why no one
                                                    resides there.
 Occupancy status change......  Original veteran.  Original veteran
                                                    currently resides in
                                                    the property
                                                    securing the loan
                                                    obligation.
 Occupancy status change......  Tenant...........  Individual rents or
                                                    leases the property
                                                    securing the loan
                                                    obligation.
 Occupancy status change......  Transferee.......  A conveyance was made
                                                    and an individual/
                                                    entity currently
                                                    resides in the
                                                    property securing
                                                    the loan obligation.
 Occupancy status change......  Vacant...........  Property is not
                                                    occupied by anyone
                                                    but appears to be
                                                    maintained and is
                                                    secure.
 Occupancy status change......  Abandoned........  Property is vacant,
                                                    is not being
                                                    maintained, and is
                                                    not offered for sale
                                                    or rent.
 Bankruptcy filed.............  Date bankruptcy    Month, day, and year
                                 filed.             that obligor filed
                                                    for protection under
                                                    U.S. bankruptcy
                                                    codes.
 Bankruptcy filed.............  Type of            Type of bankruptcy
                                 bankruptcy.        (chapter number)
                                                    under which the
                                                    obligor filed for
                                                    protection.
 Bankruptcy filed.............  Chapter 7........  Chapter of the U.S.
                                                    bankruptcy code
                                                    providing for the
                                                    sale of an obligor's
                                                    nonexempt property
                                                    and assets and the
                                                    distribution of the
                                                    proceeds to
                                                    creditors.
 Bankruptcy filed.............  Chapter 11.......  Chapter of the U.S.
                                                    bankruptcy code
                                                    providing obligor or
                                                    obligor's failing
                                                    firm protection
                                                    against all
                                                    creditors while
                                                    being reorganized to
                                                    pay off debts.
 Bankruptcy filed.............  Chapter 12.......  Chapter of the U.S.
                                                    bankruptcy code
                                                    designed to give
                                                    special relief to
                                                    obligor if obligor
                                                    is a family farmer
                                                    with seasonal
                                                    income.
 Bankruptcy filed.............  Chapter 13.......  Chapter of the U.S.
                                                    bankruptcy code
                                                    allowing obligor to
                                                    begin debt repayment
                                                    without forfeiting
                                                    property.
 Bankruptcy filed.............  Bankruptcy case    Case number assigned
                                 number.            by the bankruptcy
                                                    court.
 Bankruptcy filed.............  Bankruptcy code..  Indicates whether the
                                                    mortgagor, co-
                                                    mortgagor, or both
                                                    are filing
                                                    bankruptcy.
 Bankruptcy filed.............  Only the obligor   Indicates that only
                                 has filed.         the obligor has
                                                    filed for
                                                    bankruptcy.
 Bankruptcy filed.............  Only the co-       Indicates that only
                                 obligor has        the co-obligor has
                                 filed.             filed for
                                                    bankruptcy.
 Bankruptcy filed.............  Both the obligor   Indicates that both
                                 and co-obligor     obligor and co-
                                 have filed.        obligor have filed
                                                    for bankruptcy

[[Page 68505]]

 
 Bankruptcy filed.............  Name(s) of         Name of obligor(s)
                                 debtor(s)-report   that filed petition
                                 all applicable.    for relief under the
                                                    U.S. bankruptcy code-
                                                    report all
                                                    applicable.
 Bankruptcy filed.............  Alternate debtor.  This field indicates
                                                    the second alternate
                                                    debtor (if any) for
                                                    the loan.
 Bankruptcy filed.............  Social security    Unique SSA-issued
                                 number (SSN)(s)    number or unique IRS-
                                 of debtor(s).      issued number (TIN)
                                                    of the obligor(s)
                                                    that filed a
                                                    petition for relief
                                                    under the U.S.
                                                    bankruptcy code.
 Bankruptcy filed.............  Alternate debtor   This field indicates
                                 social security    the second alternate
                                 number (SSN).      debtor social
                                                    security number (if
                                                    any) for the loan.
 Bankruptcy update............  Bankruptcy event.  Any significant
                                                    action taken during
                                                    the bankruptcy
                                                    process as defined
                                                    in the eight
                                                    following items.
 Bankruptcy update............  Date relief of     Date a petition was
                                 stay filed.        filed by servicer
                                                    requesting relief
                                                    from the stay so
                                                    that servicer may
                                                    proceed to terminate
                                                    the loan.
 Bankruptcy update............  Date of discharge  Date of the court
                                                    order terminating
                                                    bankruptcy
                                                    proceedings, usually
                                                    relieving the
                                                    obligor of his/her
                                                    obligation.
 Bankruptcy update............  Date of dismissal  Date of the court
                                                    order terminating
                                                    the case without
                                                    either the entry of
                                                    a discharge or a
                                                    denial of discharge.
 Bankruptcy update............  Date stay lifted.  Date of the court
                                                    order permitting
                                                    collection/
                                                    termination actions
                                                    against the obligor
                                                    and/or the property
                                                    that secures the
                                                    loan.
 Loss mitigation letter sent..  Date that the      Month, day, and year
                                 letter was sent.   loss mitigation
                                                    (foreclosure
                                                    avoidance) notice
                                                    sent by the
                                                    servicer.
 Partial payment returned.....  Reason why the     VA-authorized reason
                                 partial payment    for the return of a
                                 was returned.      payment of any
                                                    amount less than the
                                                    full amount due
                                                    under the loan
                                                    terms.
 Partial payment returned.....  Tenant payments    Property is
                                 not being          completely or
                                 forwarded.         partially tenant-
                                                    occupied and rental
                                                    payments are not
                                                    being paid to
                                                    servicer for
                                                    application to the
                                                    loan account.
 Partial payment returned.....  Less than 50       Payment is less than
                                 percent of total   50 percent of the
                                 due and no         total amount then
                                 repayment plan     due, and the amount
                                 is in place.       has not been agreed
                                                    to in a documented
                                                    repayment plan.
 Partial payment returned.....  Personal checks    Amount tendered is in
                                 not accepted.      the form of a
                                                    personal check and
                                                    the borrower has
                                                    been previously
                                                    notified in writing
                                                    that only cash or
                                                    certified payments
                                                    are acceptable.
 Partial payment returned.....  Foreclosure        Foreclosure has been
                                 process started.   started with the
                                                    first action
                                                    required for
                                                    foreclosure under
                                                    local law.
 Partial payment returned.....  Less than one      Payment is less than
                                 monthly            one full monthly
                                 installment and    installment,
                                 no repayment       including escrow and
                                 plan in place.     late charges, and
                                                    the amount has not
                                                    been agreed to in a
                                                    documented repayment
                                                    plan.
 Partial payment returned.....  Less than          Payment is less than
                                 repayment plan     the amount agreed to
                                 agreed amount.     in a documented
                                                    repayment plan.
 Partial payment returned.....  Unpaid             Delinquency of any
                                 delinquency over   amount has continued
                                 six months and     for at least 6
                                 no repayment       months since the
                                 plan in place.     account first became
                                                    delinquent and no
                                                    documented repayment
                                                    plan has been
                                                    arranged.
 Partial payment returned.....  Servicer lien      Holder's lien
                                 would be           position would be
                                 jeopardized.       jeopardized by
                                                    acceptance of
                                                    partial payment.
 Partial payment returned.....  Date partial       Month, day, and year
                                 payment returned.  that servicer
                                                    returned the partial
                                                    payment.
 Partial payment returned.....  Amount of partial  Amount of partial
                                 payment returned.  payment that
                                                    servicer returned.
 Default cured/loan reinstated  Date loan          Month, day, and year
                                 reinstated.        all delinquent
                                                    amounts were fully
                                                    repaid; a loan is
                                                    current if the
                                                    payment due date is
                                                    the first day of the
                                                    next month (as of
                                                    the last day of the
                                                    previous month).
 Cure/reinstatement reversal..  Date of reversal.  Month, day, and year
                                                    the servicer
                                                    discovered that a
                                                    previously reported
                                                    cure was in error.
 Cure/reinstatement reversal..  Payment due date.  Month, day, and year
                                                    the last full
                                                    monthly obligation
                                                    was applied; as of
                                                    the date of the cure
                                                    reversal.
 Cure/reinstatement reversal..  Reason for         Basis for
                                 reversal.          determination that
                                                    all delinquent
                                                    amounts thought to
                                                    be fully repaid were
                                                    not.
 Cure/reinstatement reversal..  NSF check........  Reason for reversal
                                                    of cured default is
                                                    that obligor's bank
                                                    account has
                                                    insufficient funds
                                                    available to pay the
                                                    check.
 Cure/reinstatement reversal..  Misapplication of  Reason for reversal
                                 funds.             of cured default is
                                                    that funds were
                                                    applied to the loan
                                                    in error.
 Cure/reinstatement reversal..  Reporting error    Reason for reversal
                                 (includes          of cured default is
                                 erroneously        that the servicer
                                 reported           reported the cure in
                                 servicing          error.
                                 transferred).
 Default reported to credit     Date reported....  Month, day, and year
 bureau.                                            that servicer
                                                    reports to the
                                                    credit bureau that
                                                    obligor has failed
                                                    to comply with the
                                                    terms of the loan
                                                    agreement.
 Extenuating property           Date the           The date the property
 circumstances.                  extenuating        damage was
                                 property           discovered.
                                 circumstance was
                                 discovered.
 Extenuating property           Type of unusual    Basis for
 circumstances.                  property           determination that
                                 circumstance.      foreclosure process
                                                    should be sped up or
                                                    delayed due to the
                                                    condition of
                                                    obligor's property.
 Extenuating property           Hazardous          Reason for
 circumstances.                  conditions or      extenuating property
                                 materials.         circumstances is the
                                                    presence of
                                                    conditions or
                                                    materials on the
                                                    property which
                                                    create an immediate
                                                    or potential danger
                                                    to the public health
                                                    or safety or to the
                                                    environment.

[[Page 68506]]

 
 Extenuating property           Significant        Reason for
 circumstances.                  property           extenuating property
                                 deterioration.     circumstances is
                                                    property has
                                                    deteriorated
                                                    significantly.
 Extenuating property           Condemned........  Reason for
 circumstances.                                     extenuating property
                                                    circumstances is
                                                    property is deemed
                                                    legally unfit for
                                                    occupancy or
                                                    continued existence
                                                    due to its physical
                                                    defects or for other
                                                    causes or the
                                                    property is being
                                                    acquired by a
                                                    governmental body
                                                    for public uses as
                                                    per receipt of
                                                    official notice from
                                                    the appropriate
                                                    local government
                                                    office.
 Extenuating property           Natural disaster.  Reason for
 circumstances.                                     extenuating property
                                                    circumstances is the
                                                    result of a natural
                                                    disaster, such as
                                                    fire, storm,
                                                    accident, flood,
                                                    earthquake, or other
                                                    catastrophic event.
 Extenuating property           Property seizure.  Law enforcement
 circumstances.                                     officials have taken
                                                    a property that has
                                                    been used (a) in
                                                    connection with or
                                                    acquired by illegal
                                                    activities or (b) in
                                                    satisfaction of an
                                                    unpaid judgment.
 Extenuating property           Demolished.......  Reason for
 circumstances.                                     extenuating property
                                                    circumstances is
                                                    property has been
                                                    razed.
 Extenuating property           Other............  Reason for
 circumstances.                                     extenuating property
                                                    circumstances is
                                                    other than one of
                                                    the reasons listed.
 Repayment plan approved......  Date repayment     Month, day, and year
                                 plan approved.     servicer approved
                                                    written agreement
                                                    with the obligor for
                                                    reinstatement of the
                                                    loan through a
                                                    schedule of
                                                    increased payments.
 Repayment plan approved......  Plan start date    Month and year that
                                 (month and year).  repayment plan is
                                                    documented to begin.
Repayment plan approved.......  Estimated cure     Estimated month, day,
                                 date.              and year the
                                                    delinquency will be
                                                    fully satisfied by
                                                    the proper
                                                    application of
                                                    available credits or
                                                    deposits resulting
                                                    from the repay plan.
 Repayment plan infeasible....  Date of            Month, day, and year
                                 determination.     that servicer
                                                    determines that a
                                                    repay plan with the
                                                    obligor is not a
                                                    home retention
                                                    option.
 Repayment plan infeasible....  Reason for         Basis for
                                 infeasibility.     determination that
                                                    repay plan with the
                                                    obligor is not a
                                                    home retention
                                                    option.
 Repayment plan infeasible....  Unwilling          Reason for
                                 borrower(s).       infeasibility of the
                                                    repay plan is that
                                                    obligor does not
                                                    agree to a repay
                                                    plan.
 Repayment plan infeasible....  Unable to contact  Reason for
                                                    infeasibility of the
                                                    repay plan is that
                                                    servicer is not able
                                                    to contact obligor
                                                    to negotiate.
 Repayment plan infeasible....  Current owner not  Reason for
                                 liable.            infeasibility of the
                                                    repay plan is
                                                    current owner of the
                                                    property is not the
                                                    obligor on the loan.
 Repayment plan infeasible....  Property           Reason for
                                 abandoned.         infeasibility of the
                                                    repay plan is the
                                                    property is vacant,
                                                    is not being
                                                    maintained, is not
                                                    offered for sale or
                                                    rent, and no contact
                                                    with the borrower
                                                    has been
                                                    established.
 Repayment plan infeasible....  Insufficient       Reason for
                                 income.            infeasibility of the
                                                    repay plan is that
                                                    obligor does not
                                                    have enough income
                                                    to meet the
                                                    obligations under a
                                                    repay plan.
 Special forbearance approved.  Estimated cure     Estimated month, day,
                                 date.              and year the
                                                    delinquency will be
                                                    fully satisfied by
                                                    the proper
                                                    application of
                                                    available credits or
                                                    deposits resulting
                                                    from the proposed
                                                    special forbearance.
 Special forbearance            Date of            Month, day, and year
 infeasible.                     determination.     that servicer
                                                    determines that
                                                    neither suspension
                                                    nor reduction of
                                                    obligor's payments
                                                    for one or more
                                                    months is a home
                                                    retention option.
 Special forbearance            Reason for         Basis for
 infeasible.                     infeasibility.     determination that
                                                    special forbearance
                                                    with the obligor is
                                                    not a home retention
                                                    option.
 Special forbearance            Unwilling          Reason for
 infeasible.                     borrower.          infeasibility of the
                                                    special forbearance
                                                    is that obligor does
                                                    not agree to special
                                                    forbearance.
 Special forbearance            Unable to contact  Reason for
 infeasible.                                        infeasibility of the
                                                    special forbearance
                                                    is that servicer is
                                                    not able to contact
                                                    obligor to
                                                    negotiate.
 Special forbearance            Insufficient       Reason for
 infeasible.                     income.            infeasibility of the
                                                    special forbearance
                                                    is that obligor does
                                                    not have enough
                                                    income to meet the
                                                    obligations under a
                                                    special forbearance.
 Special forbearance            Current owner not  Reason for
 infeasible.                     liable.            infeasibility of the
                                                    special forbearance
                                                    is current owner of
                                                    the property is not
                                                    the obligor on the
                                                    loan.
 Special forbearance            Property           Reason for
 infeasible.                     abandoned.         infeasibility of the
                                                    special forbearance
                                                    is the property is
                                                    vacant, is not being
                                                    maintained, is not
                                                    offered for sale or
                                                    rent, and no contact
                                                    with the homeowner
                                                    has been
                                                    established.
 Special forbearance            No means to        Reason for
 infeasible.                     reinstate.         infeasibility of the
                                                    special forbearance
                                                    is that reducing
                                                    payments and/or
                                                    forbearing payments
                                                    will have no impact
                                                    on the obligor's
                                                    inability to cure
                                                    the delinquency and
                                                    reinstate the loan.
 Loan modification approved...  Date modification  Month, day, and year
                                 of loan approved.  that servicer
                                                    approves a permanent
                                                    change in one or
                                                    more of the terms of
                                                    the loan and usually
                                                    includes re-
                                                    amortization of the
                                                    balance due.
 Loan modification complete...  Date loan          Month, day, and year
                                 modification       that servicer and
                                 fully executed.    borrower execute the
                                                    modification
                                                    agreement thereby
                                                    completing a
                                                    permanent change in
                                                    one or more of the
                                                    terms of the loan
                                                    that results in loan
                                                    reinstatement.

[[Page 68507]]

 
 Loan modification complete...  Modified loan      Total amount of
                                 amount.            principal owed on
                                                    the mortgage after
                                                    the loan
                                                    modification and
                                                    before any payments
                                                    are made; only
                                                    unpaid principal,
                                                    accrued interest,
                                                    deficits in the
                                                    taxes and insurance
                                                    impound accounts,
                                                    and advances
                                                    required to preserve
                                                    the lien position,
                                                    such as HOA fees,
                                                    special assessments,
                                                    water and sewer
                                                    liens, etc., may be
                                                    included in the
                                                    modified
                                                    indebtedness; late
                                                    fees and other
                                                    charges may not be
                                                    capitalized.
 Loan modification complete...  Term.............  Number of months over
                                                    which the unpaid
                                                    balance of the
                                                    modified loan will
                                                    be repaid.
 Loan modification complete...  Modified loan      Month, day, and year
                                 maturity date.     that modified loan
                                                    will be paid in
                                                    full.
 Loan modification complete...  Interest rate....  Rate of interest
                                                    charged on the loan,
                                                    expressed as a
                                                    percentage, per the
                                                    modified loan
                                                    instruments.
 Loan modification complete...  Date of first      Month, day, and year
                                 payment.           that first
                                                    installment on
                                                    modified loan is
                                                    due.
 Loan modification complete...  New principal and  Monthly amount due
                                 interest (P&I)     (for principal and
                                 payment.           interest) on the
                                                    modified loan.
 Loan modification infeasible.  Date of            Month, day, and year
                                 determination.     that servicer
                                                    determines that loan
                                                    modification is not
                                                    a home retention
                                                    option.
 Loan modification infeasible.  Reason for         Basis for
                                 infeasibility.     determination that
                                                    loan modification
                                                    with the obligor is
                                                    not a home retention
                                                    option.
 Loan modification infeasible.  Unwilling          Reason for
                                 borrower.          infeasibility of the
                                                    loan modification is
                                                    that obligor does
                                                    not agree to a loan
                                                    modification.
 Loan modification infeasible.  Unable to contact  Reason for
                                                    infeasibility of the
                                                    loan modification is
                                                    that servicer is not
                                                    able to contact
                                                    obligor to
                                                    negotiate.
 Loan modification infeasible.  Insufficient       Reason for
                                 income.            infeasibility of the
                                                    loan modification is
                                                    that obligor does
                                                    not have enough
                                                    income to meet the
                                                    obligations under a
                                                    loan modification.
 Loan modification infeasible.  Insufficient       Reason for
                                 borrower           infeasibility of the
                                 contribution.      loan modification is
                                                    that obligor has
                                                    insufficient cash to
                                                    satisfy all
                                                    delinquent amounts
                                                    not included in the
                                                    new loan amount.
 Loan modification infeasible.  Junior lien        Reason for
                                 issues.            infeasibility of the
                                                    loan modification is
                                                    that junior lien
                                                    holder refuses to
                                                    subordinate.
 Loan modification infeasible.  Ineligible-prior   Reason for
                                 approval denied.   infeasibility of the
                                                    loan modification is
                                                    that VA denied a
                                                    prior approval of a
                                                    non-conforming loan
                                                    modification.
 Loan modification infeasible.  Ineligible-not     Reason for
                                 submitted for      infeasibility of the
                                 prior approval.    loan modification is
                                                    that the servicer
                                                    did not submit a non-
                                                    conforming loan
                                                    modification for
                                                    prior approval.
 Loan modification infeasible.  Current owner not  Reason for
                                 liable.            infeasibility of the
                                                    loan modification is
                                                    that the current
                                                    owner is not legally
                                                    liable on the loan.
 Loan modification infeasible.  Ginnie Mae         Reason for
                                 pooling issues.    infeasibility of the
                                                    loan modification is
                                                    that the servicer is
                                                    unwilling to bear
                                                    the cost of
                                                    repurchasing the
                                                    loan from the pool
                                                    and/or repooling.
 Loan modification infeasible.  Property           Reason for
                                 abandoned.         infeasibility of the
                                                    loan modification is
                                                    the property is
                                                    vacant, is not being
                                                    maintained, and is
                                                    not offered for sale
                                                    or rent.
 Loan modification infeasible.  Not owner          Reason for
                                 occupied.          infeasibility of the
                                                    loan modification is
                                                    that the owner does
                                                    not currently reside
                                                    in the property.
 Compromise sale approved.....  Date purchase      Month, day, and year
                                 offer submitted    that obligor submits
                                 by borrower for    a purchase offer to
                                 consideration.     the servicer for
                                                    consideration where
                                                    the proceeds of the
                                                    private sale will be
                                                    less than the amount
                                                    required to pay the
                                                    mortgage in full.
 Compromise sale approved.....  Date compromise    Month, day, and year
                                 sale approved.     that servicer
                                                    approves obligor's
                                                    request to complete
                                                    a private sale where
                                                    the proceeds will be
                                                    less than the amount
                                                    required to pay the
                                                    mortgage in full.
 Compromise sale approved.....  Estimated          Estimated month, day,
                                 settlement date.   and year that
                                                    obligor's property
                                                    is scheduled to
                                                    close by private
                                                    sale and the
                                                    proceeds will be
                                                    less than the amount
                                                    required to pay the
                                                    mortgage in full.
 Compromise sale complete.....  Actual settlement  Actual month, day,
                                 date.              and year that
                                                    obligor's property
                                                    was sold to a third
                                                    party in a private
                                                    sale and the
                                                    proceeds were less
                                                    than the amount
                                                    required to pay the
                                                    mortgage in full.
 Compromise sale complete.....  Payoff of first    Net proceeds from the
                                 mortgage loan      sale, listed in line
                                 (line 504 from     504 from HUD-1 form
                                 HUD-1).            (also known as the
                                                    ``closing
                                                    statement'' or
                                                    ``settlement
                                                    sheet''), which will
                                                    be applied toward
                                                    the payoff of the
                                                    first mortgage loan.
 Compromise sale infeasible...  Date of            Month, day, and year
                                 determination.     that servicer
                                                    determines that the
                                                    compromise sale is
                                                    not an alternative
                                                    to foreclosure.
 Compromise sale infeasible...  Reason for         Basis for
                                 infeasibility.     determination that
                                                    compromise sale is
                                                    not an alternative
                                                    to foreclosure.
 Compromise sale infeasible...  No buyers........  Reason for
                                                    infeasibility of the
                                                    compromise sale is
                                                    that there are no
                                                    buyers interested in
                                                    the obligor's
                                                    property.
 Compromise sale infeasible...  Closing not        Reason for
                                 consummated.       infeasibility of the
                                                    compromise sale is
                                                    that a potential
                                                    sale did not legally
                                                    close.
 Compromise sale infeasible...  Unwilling          Reason for
                                 borrower(s).       infeasibility of the
                                                    compromise sale is
                                                    that obligor does
                                                    not agree to a
                                                    compromise sale.
 Compromise sale infeasible...  Property           Reason for
                                 abandoned.         infeasibility of the
                                                    compromise sale is
                                                    the property is
                                                    vacant, is not being
                                                    maintained, is not
                                                    offered for sale or
                                                    rent, and no contact
                                                    with the homeowner
                                                    has been
                                                    established.

[[Page 68508]]

 
 Compromise sale infeasible...  Unable to contact  Reason for
                                                    infeasibility of the
                                                    compromise sale is
                                                    that servicer is not
                                                    able to contact
                                                    obligor to
                                                    negotiate.
 Compromise sale infeasible...  Junior lien        Reason for
                                 issues.            infeasibility of the
                                                    compromise sale is
                                                    that junior lien
                                                    holder is unwilling
                                                    to participate in
                                                    the compromise sale.
 Compromise sale infeasible...  Title problems...  Reason for
                                                    infeasibility of the
                                                    compromise sale is
                                                    that the owner is
                                                    unable to provide
                                                    clear title to the
                                                    prospective
                                                    purchaser.
 Deed-in-lieu approved........  Date DIL was       Month, day, and year
                                 requested.         that the obligor
                                                    requests a voluntary
                                                    transfer of the
                                                    property to the
                                                    holder in exchange
                                                    for a release of all
                                                    obligations under
                                                    the mortgage.
 Deed-in-lieu approved........  Date of approval.  Month, day, and year
                                                    that a deed in lieu
                                                    of foreclosure is
                                                    approved by the
                                                    servicer.
 Deed-in-lieu complete........  Date that deed     Month, day, and year
                                 was recorded.      that the deed in
                                                    lieu of foreclosure
                                                    was recorded with
                                                    the local government
                                                    office.
 Deed-in-lieu complete........  Net value........  The fair market value
                                                    of the property
                                                    minus the VA cost
                                                    factor (net value =
                                                    fair market value of
                                                    the property * (1-
                                                    the net value
                                                    factor)).
 Deed-in-lieu complete........  Total eligible     The unpaid principal
                                 indebtedness.      balance, accrued
                                                    unpaid interest,
                                                    allowable advances,
                                                    liquidation
                                                    expenses, and
                                                    property
                                                    preservation
                                                    expenses (if
                                                    incurred prior to
                                                    the actual
                                                    foreclosure sale
                                                    date or the end of
                                                    the foreclosure
                                                    timeframe, whichever
                                                    is earlier), less
                                                    any credits.
 Deed-in-lieu infeasible......  Date of            Month, day, and year
                                 determination.     that servicer
                                                    determines that the
                                                    deed in lieu of
                                                    foreclosure is not
                                                    an alternative to
                                                    foreclosure.
 Deed-in-lieu infeasible......  Reason for         Basis for
                                 infeasibility.     determination that
                                                    deed in lieu of
                                                    foreclosure is not
                                                    an alternative to
                                                    foreclosure.
 Deed-in-lieu infeasible......  Junior lien(s)...  Reason for
                                                    infeasibility of the
                                                    deed in lieu of
                                                    foreclosure is that
                                                    there is a junior
                                                    lien on the
                                                    property.
 Deed-in-lieu infeasible......  Title problems...  Reason for
                                                    infeasibility of the
                                                    deed in lieu of
                                                    foreclosure is that
                                                    the owner is unable
                                                    to transfer clear
                                                    title.
 Deed-in-lieu infeasible......  Unwilling          Reason for
                                 borrower(s).       infeasibility of the
                                                    deed in lieu of
                                                    foreclosure is that
                                                    one or more of the
                                                    owners do not agree
                                                    to a deed in lieu of
                                                    foreclosure.
 Deed-in-lieu infeasible......  Property           Reason for
                                 abandoned.         infeasibility of the
                                                    deed in lieu of
                                                    foreclosure is the
                                                    property is vacant,
                                                    is not being
                                                    maintained, is not
                                                    offered for sale or
                                                    rent, and contact
                                                    with the homeowner
                                                    has not been
                                                    established.
 Deed-in-lieu infeasible......  Unable to contact  Reason for
                                                    infeasibility of the
                                                    deed in lieu of
                                                    foreclosure is that
                                                    servicer is not able
                                                    to contact obligor
                                                    to negotiate.
 Foreclosure referral.........  Date of referral   Month, day, and year
                                 to attorney.       servicer refers
                                                    obligor's loan to
                                                    legal counsel to
                                                    initiate the
                                                    foreclosure process.
 Foreclosure referral.........  Date of most       Month, day, and year
                                 recent property    of the most recently
                                 inspection.        performed property
                                                    inspection for the
                                                    current default.
 Foreclosure referral.........  Date 30 day        Month, day, and year
                                 delinquency        that servicer sent
                                 letter sent (if    30 day delinquency
                                 no successful      letter (letter to
                                 phone contact).    the borrower if
                                                    payment has not been
                                                    received within 30
                                                    days after it was
                                                    due and telephone
                                                    contact could not be
                                                    made--38CFR
                                                    36.4346(g)).
 Foreclosure referral.........  Date phone         Month, day, and year
                                 contact            that servicer
                                 successful.        successfully
                                                    contacted obligor
                                                    via telephone for
                                                    the current default
                                                    (``right party''
                                                    contact).
 Foreclosure referral.........  Updated reason     Basis for
                                 for default at     determination that
                                 time of            foreclosure process
                                 foreclosure.       should be initiated.
 Foreclosure referral.........  Business failure.  Reason for default is
                                                    the occupation,
                                                    work, or trade in
                                                    which obligor is
                                                    engaged did not
                                                    generate enough
                                                    funds to meet his
                                                    financial
                                                    obligations.
 Foreclosure referral.........  Casualty loss....  Reason for default is
                                                    the damage to the
                                                    property as a result
                                                    of a fire, storm,
                                                    accident, flood,
                                                    earthquake, or other
                                                    catastrophic event.
 Foreclosure referral.........  Curtailment of     Reason for default is
                                 income.            a reduction or the
                                                    curtailment of
                                                    obligor's income
                                                    from employment,
                                                    investment, or other
                                                    sources.
 Foreclosure referral.........  Death of borrower  Reason for default is
                                                    that the obligor
                                                    died.
 Foreclosure referral.........  Death of           Reason for default is
                                 borrower's         the death of
                                 family member.     obligor's relative
                                                    who is contributing
                                                    towards the loan
                                                    (directly or
                                                    indirectly) and/or
                                                    that obligor has
                                                    incurred
                                                    extraordinary
                                                    expenses as a result
                                                    of such death.
 Foreclosure referral.........  Distant            Reason for default is
                                 employment         the result of the
                                 transfer.          borrower being
                                                    transferred or
                                                    relocated to a
                                                    distant job
                                                    location.
 Foreclosure referral.........  Energy/            Reason for default is
                                 environmental      the result of the
                                 cost.              borrower incurring
                                                    excessive energy
                                                    related costs or
                                                    costs associated
                                                    with removal of an
                                                    environmental hazard
                                                    in or near the
                                                    property.
 Foreclosure referral.........  Excessive          Reason for default is
                                 obligations.       obligor incurred
                                                    excessive debt in
                                                    addition to the
                                                    mortgage obligation
                                                    or the mortgage
                                                    payment has
                                                    increased
                                                    significantly.
 Foreclosure referral.........  Fraud............  Reason for default is
                                                    a legal dispute
                                                    arising out of a
                                                    fraudulent or
                                                    illegal action that
                                                    occurred in
                                                    connection with the
                                                    origination of the
                                                    mortgage or at a
                                                    later date.
 Foreclosure referral.........  Illness of         Reason for default is
                                 borrower.          a serious illness
                                                    that keeps the
                                                    borrower from
                                                    working and
                                                    generating income,
                                                    and/or the borrower
                                                    has incurred
                                                    extraordinary
                                                    expenses as a result
                                                    of the illness.

[[Page 68509]]

 
 Foreclosure referral.........  Illness of         Reason for default is
                                 borrower's         the result of
                                 family.            obligor incurring
                                                    extraordinary
                                                    expenses as the
                                                    result of the
                                                    illness of a family
                                                    member.
 Foreclosure referral.........  Inability to rent  Reason for default is
                                 property.          obligor has
                                                    insufficient income
                                                    and/or assets to
                                                    make the monthly
                                                    mortgage payment and
                                                    the rental property
                                                    is vacant.
 Foreclosure referral.........  Inability to sell  Reason for default is
                                 property.          obligor has
                                                    insufficient income
                                                    and/or assets to
                                                    make the monthly
                                                    mortgage payment and
                                                    is unable to sell
                                                    the property.
 Foreclosure referral.........  Incarceration....  Reason for default is
                                                    the result of
                                                    obligor being jailed
                                                    or imprisoned,
                                                    regardless of
                                                    whether obligor is
                                                    still incarcerated.
 Foreclosure referral.........  Marital            Reason for default is
                                 difficulties.      problems associated
                                                    with separation or
                                                    divorce including
                                                    dispute over
                                                    payments during
                                                    divorce settlement,
                                                    reduction in income
                                                    available to pay the
                                                    mortgage debt, etc.
 Foreclosure referral.........  Military service.  Reason for default is
                                                    the result of
                                                    obligor being called
                                                    into active duty
                                                    status and the
                                                    military pay is
                                                    insufficient to make
                                                    the monthly mortgage
                                                    payment.
 Foreclosure referral.........  Payment            Reason for default is
                                 adjustment.        the result of the
                                                    borrower being
                                                    unable to make new
                                                    payments that
                                                    resulted from an
                                                    increase in the
                                                    monthly payment.
 Foreclosure referral.........  Payment dispute..  Reason for default is
                                                    that a disagreement
                                                    between obligor and
                                                    the mortgage
                                                    servicer about the
                                                    amount of the
                                                    mortgage payment,
                                                    the acceptance of a
                                                    partial payment, the
                                                    application of
                                                    previous payments,
                                                    etc. resulted in
                                                    obligor refusing to
                                                    make payments until
                                                    the dispute is
                                                    resolved.
 Foreclosure referral.........  Property problems  Reason for default is
                                                    the result of the
                                                    condition of the
                                                    property such as
                                                    substandard
                                                    construction,
                                                    expensive and
                                                    extensive repairs
                                                    required, etc.
 Foreclosure referral.........  Servicing          Reason for default is
                                 problems.          the result of
                                                    obligor being
                                                    dissatisfied with
                                                    the servicer of the
                                                    loan or with the
                                                    fact that servicing
                                                    has been transferred
                                                    to a new servicer.
 Foreclosure referral.........  Tenant not paying  Reason for default is
                                                    the result of the
                                                    obligor's tenant not
                                                    paying rent.
 Foreclosure referral.........  Transfer of        Reason for default is
                                 ownership.         the result of the
                                                    obligor not making
                                                    payments while sale
                                                    of the property is
                                                    pending.
 Foreclosure referral.........  Unemployment       Reason for default is
                                 notification.      the result of a
                                                    reduction in
                                                    obligor's income due
                                                    to loss of job.
 Foreclosure referral.........  Borrower never     Reason for default is
                                 responded to       unknown (unable to
                                 outreach.          get contact or
                                                    unable to determine
                                                    the reason).
 Foreclosure sale scheduled...  Date of scheduled  Month, day, and year
                                 foreclosure sale.  the property will be
                                                    sold to satisfy the
                                                    loan obligation (or
                                                    month, day, and year
                                                    it is anticipated
                                                    the property will be
                                                    sold to satisfy the
                                                    loan obligation for
                                                    states such as South
                                                    Dakota).
 Foreclosure sale scheduled...  Foreclosure type.  Type of legal process
                                                    by which the
                                                    property is sold to
                                                    satisfy the loan
                                                    obligation.
Foreclosure sale scheduled....  Judicial.........  Type of foreclosure
                                                    process done through
                                                    court action.
 Foreclosure sale scheduled...  Non-judicial.....  Type of foreclosure
                                                    process done through
                                                    the power of sale.
 Substantial equity case......  Total eligible     The unpaid principal
                                 indebtedness.      balance, accrued
                                                    unpaid interest,
                                                    allowable advances,
                                                    liquidation
                                                    expenses, and
                                                    property
                                                    preservation
                                                    expenses (if
                                                    incurred prior to
                                                    the actual
                                                    foreclosure sale
                                                    date or the end of
                                                    the foreclosure
                                                    timeframe, whichever
                                                    is earlier), less
                                                    any credits.
 Substantial equity case......  Estimated unpaid   The unpaid balance of
                                 principal          any outstanding
                                 balance of all     liens against the
                                 other liens.       property.
 Substantial equity case......  Calculated equity  The fair market value
                                 amount (fair       of the property
                                 market value       minus all monies
                                 less all liens).   owed on other liens.
 Foreclosure sale postponed or  Date postponed or  Month, day, and year
 cancelled.                      cancelled.         that foreclosure
                                                    sale is postponed or
                                                    cancelled.
 Foreclosure sale postponed or  Postponed or       Indicator denoting
 cancelled.                      cancelled          whether the
                                 indicator.         foreclosure sale was
                                                    postponed or whether
                                                    it was cancelled.
 Foreclosure sale postponed or  Reason...........  Basis for
 cancelled.                                         postponement or
                                                    cancellation of
                                                    foreclosure sale.
 Foreclosure sale postponed or  Reinstatement....  Reason for
 cancelled.                                         postponement or
                                                    cancellation of
                                                    foreclosure sale is
                                                    to allow additional
                                                    time for obligor to
                                                    reinstate the loan.
 Foreclosure sale postponed or  Bankruptcy.......  Reason for
 cancelled.                                         postponement or
                                                    cancellation of
                                                    foreclosure sale is
                                                    petition for relief
                                                    was filed under U.S.
                                                    bankruptcy codes by
                                                    or on behalf of the
                                                    obligor.
 Foreclosure sale postponed or  Repayment plan...  Reason for
 cancelled.                                         postponement or
                                                    cancellation of
                                                    foreclosure sale is
                                                    servicer has an
                                                    agreement with the
                                                    obligor for
                                                    reinstatement of the
                                                    loan through a
                                                    schedule of
                                                    increased payments.
 Foreclosure sale postponed or  Special            Reason for
 cancelled.                      forbearance.       postponement or
                                                    cancellation of
                                                    foreclosure sale is
                                                    servicer has an
                                                    agreement with the
                                                    obligor to suspend
                                                    foreclosure for a
                                                    specified period of
                                                    time to allow for
                                                    loan reinstatement.
 Foreclosure sale postponed or  Loan modification  Reason for
 cancelled.                                         postponement or
                                                    cancellation of
                                                    foreclosure sale is
                                                    servicer has
                                                    modified or is
                                                    considering
                                                    modification of the
                                                    loan that will
                                                    result in loan
                                                    reinstatement.

[[Page 68510]]

 
 Foreclosure sale postponed or  Private sale.....  Reason for
 cancelled.                                         postponement or
                                                    cancellation of
                                                    foreclosure sale is
                                                    to allow additional
                                                    time for obligor to
                                                    complete a sale of
                                                    the property, in
                                                    which there is
                                                    equity.
 Foreclosure sale postponed or  Compromise sale..  Reason for
 cancelled.                                         postponement or
                                                    cancellation of
                                                    foreclosure sale is
                                                    to allow additional
                                                    time to complete a
                                                    sale of the
                                                    property, even
                                                    though the sale
                                                    proceeds will be
                                                    less than the total
                                                    indebtedness.
 Foreclosure sale postponed or  Title problems...  Reason for
 cancelled.                                         postponement or
                                                    cancellation of
                                                    foreclosure sale is
                                                    that title search
                                                    disclosed problems
                                                    which must be
                                                    resolved prior to
                                                    foreclosure.
 Foreclosure sale postponed or  VA requested       Reason for
 cancelled.                      (includes refund   postponement or
                                 consideration).    cancellation of
                                                    foreclosure sale is
                                                    VA requested.
 Foreclosure sale postponed or  Procedural errors  Reason for
 cancelled.                      (failure to give   postponement or
                                 notice, legal      cancellation of
                                 issues, failure    foreclosure sale is
                                 to comply with     procedural error,
                                 foreclosure        such as failure to
                                 laws, incorrect    give notice, legal
                                 publication,       issues, failure to
                                 trustee            comply with
                                 appointments,      foreclosure laws,
                                 recording          incorrect
                                 issues).           publication, trustee
                                                    appointments,
                                                    recording issues,
                                                    etc.
 Foreclosure sale postponed or  Late appraisal...  Reason for
 cancelled.                                         postponement or
                                                    cancellation of
                                                    foreclosure sale is
                                                    that appraisal was
                                                    not performed in
                                                    time to proceed to
                                                    foreclosure sale.
 Foreclosure sale postponed or  Contested          Reason for
 cancelled.                      foreclosure.       postponement or
                                                    cancellation of
                                                    foreclosure sale is
                                                    the obligor or other
                                                    party contests the
                                                    validity or priority
                                                    of the mortgage or
                                                    lien being
                                                    foreclosed or
                                                    creates an issue
                                                    with respect to
                                                    mortgage holder's
                                                    right to foreclose
                                                    it.
 Foreclosure sale postponed or  Property damage..  Reason for
 cancelled.                                         postponement or
                                                    cancellation of
                                                    foreclosure sale is
                                                    damage to the
                                                    property occurred
                                                    subsequent to
                                                    completion of
                                                    liquidation
                                                    appraisal which
                                                    could change or
                                                    invalidate the bid
                                                    amount.
 Foreclosure sale postponed or  Hazardous          Reason for
 cancelled.                      conditions or      postponement or
                                 materials (when    cancellation of
                                 a municipality     foreclosure sale is
                                 requires           municipality
                                 property clean-    requires property
                                 up prior to        clean-up of
                                 foreclosure).      hazardous conditions
                                                    and/or materials
                                                    prior to foreclosure
                                                    sale, or servicer
                                                    discovers hazardous
                                                    conditions and/or
                                                    materials that will
                                                    have an impact on
                                                    final value
                                                    determination.
 Foreclosure sale postponed or  Condemned (with    Reason for
 cancelled.                      need to demolish   postponement or
                                 or eminent         cancellation of
                                 domain) or         foreclosure sale is
                                 demolished.        property is (a)
                                                    deemed legally unfit
                                                    for occupancy or
                                                    continued existence
                                                    due to its physical
                                                    defects or for other
                                                    causes, (b) property
                                                    is being acquired by
                                                    a governmental body
                                                    for public uses, or
                                                    (c) property has
                                                    already been torn
                                                    down as a result of
                                                    being condemned.
 Foreclosure sale postponed or  Natural disaster.  Reason for
 cancelled.                                         postponement or
                                                    cancellation of
                                                    foreclosure sale is
                                                    result of a natural
                                                    disaster, such as
                                                    fire, storm,
                                                    accident, flood,
                                                    earthquake, or other
                                                    catastrophic event.
 Foreclosure sale postponed or  Property seizure.  Reason for
 cancelled.                                         postponement or
                                                    cancellation of
                                                    foreclosure sale is
                                                    the result of law
                                                    enforcement
                                                    officials taking the
                                                    property that has
                                                    been used in
                                                    connection with or
                                                    acquired by illegal
                                                    activities or to
                                                    satisfy an unpaid
                                                    judgment.
 Foreclosure sale postponed or  SCRA.............  Reason for
 cancelled.                                         postponement or
                                                    cancellation of
                                                    foreclosure sale is
                                                    obligor has filed
                                                    for relief under or
                                                    is deemed to be
                                                    entitled to the
                                                    (SCRA).
 Foreclosure sale postponed or  Other............  Reason for
 cancelled.                                         postponement or
                                                    cancellation of
                                                    foreclosure sale is
                                                    other than one of
                                                    the reasons listed.
 Results of sale..............  Date of sale.....  Month, day, and year
                                                    the foreclosure sale
                                                    was held.
 Results of sale..............  Sherriff's         Value of the property
                                 appraised value    as determined by the
                                 (if applicable,    court-ordered
                                 Kentucky, Ohio.    sheriff's appraisal.
                                 Louisiana, and
                                 Oklahoma only).
 Results of sale..............  Successful bidder  Designates whether
                                                    the successful
                                                    bidder was the
                                                    holder or a third
                                                    party.
 Results of sale..............  Holder...........  The property was
                                                    acquired by the
                                                    holder of the loan.
 Results of sale..............  Third party......  The property was
                                                    acquired by a third
                                                    party.
 Results of sale..............  Amount of          The amount of money
                                 successful bid.    bid to acquire the
                                                    property.
 Results of sale..............  Net value........  The fair market value
                                                    of the property
                                                    minus the VA cost
                                                    factor (net value =
                                                    fair market value of
                                                    the property * (1-
                                                    the net value
                                                    factor)).
 Results of sale..............  Total eligible     The unpaid principal
                                 indebtedness.      balance, accrued
                                                    unpaid interest,
                                                    allowable advances,
                                                    liquidation
                                                    expenses, and
                                                    property
                                                    preservation
                                                    expenses (if
                                                    incurred prior to
                                                    the actual
                                                    foreclosure sale
                                                    date or the end of
                                                    the foreclosure
                                                    timeframe, whichever
                                                    is earlier), less
                                                    any credits.
 Transfer of custody..........  Insurance type     Information about
                                 (flood,            insurance
                                 earthquake,        policy(ies) in force
                                 forced place,      at the time of
                                 homeowner's,       transfer of custody
                                 wind, fire)-       to VA.
                                 report all
                                 applicable.
 Transfer of custody..........  Flood............  Reported insurance
                                                    type is flood
                                                    insurance.
 Transfer of custody..........  Earthquake.......  Reported insurance
                                                    type is earthquake
                                                    insurance.
 Transfer of custody..........  Forced place.....  Reported insurance
                                                    type is forced place
                                                    insurance.
 Transfer of custody..........  Homeowner's......  Reported insurance
                                                    type is homeowner's
                                                    insurance.
 Transfer of custody..........  Wind.............  Reported insurance
                                                    type is wind
                                                    insurance.
 Transfer of custody..........  Fire.............  Reported insurance
                                                    type is fire
                                                    insurance.

[[Page 68511]]

 
 Transfer of custody..........  Policy number....  Unique insurance
                                                    company issued
                                                    number identifying
                                                    the specific
                                                    insurance coverage
                                                    plan.
 Transfer of custody..........  Name of carrier..  Name of the company
                                                    that provides the
                                                    insurance coverage.
 Transfer of custody..........  Expiration date..  Month, day, and year
                                                    that the insurance
                                                    coverage terminates.
 Transfer of custody..........  Tax parcel/        Unique number
                                 identification     assigned by the
                                 number(s)-report   local taxing
                                 as many as are     authority to
                                 applicable.        identify the
                                                    property.
 Transfer of custody..........  Redemption         Month, day, and year
                                 expiration date    on which the
                                 (if applicable).   redemption period
                                                    terminates.
Transfer of custody...........  Date of            Month, day, and year
                                 confirmation/      the foreclosure sale
                                 ratification of    was confirmed or
                                 sale.              ratified (as
                                                    required by State
                                                    law).
 Transfer of custody..........  Mortgage holder's  Unique VA-assigned
                                 payee vendor ID    number used to
                                 (per internal VA   identify the payee
                                 financial          for VA purposes;
                                 system).           servicer reports own
                                                    vendor ID if
                                                    servicer is payee.
 Transfer of custody..........  Payee loan number  Unique payee-assigned
                                 (if payee          custody number used
                                 differs from       to identify the
                                 servicer).         account.
 Improper transfer of custody.  Reason for the     Reason servicer
                                 improper           erroneously
                                 transfer of        transferred custody
                                 custody.           of a property to VA.
 Improper transfer of custody.  Holder wanted to   Holder intended to
                                 keep the           retain property but
                                 property.          conveyed to VA in
                                                    error.
 Improper transfer of custody.  Third party was    Third party was
                                 the successful     successful bidder so
                                 bidder.            holder did not have
                                                    the option to convey
                                                    to VA.
 Invalid sale results.........  Reason sale        Basis for determining
                                 invalidated.       that results changed
                                                    or sale was invalid.
 Invalid sale results.........  Bankruptcy.......  Reason sale was
                                                    determined to be
                                                    invalid is that
                                                    petition for relief
                                                    was filed under U.S.
                                                    bankruptcy codes by
                                                    or on behalf of the
                                                    obligor.
 Invalid sale results.........  Contested          Reason sale was
                                 foreclosure.       determined to be
                                                    invalid is that the
                                                    foreclosure was
                                                    contested.
 Invalid sale results.........  Third party fails  Reason sale was
                                 to consummate      determined to be
                                 sale.              invalid is that
                                                    third party
                                                    purchaser did not
                                                    complete the
                                                    purchase
                                                    requirements.
 Invalid sale results.........  Procedural errors  Reason sale was
                                                    determined to be
                                                    invalid is
                                                    procedural error,
                                                    such as failure to
                                                    give notice, legal
                                                    issues, failure to
                                                    comply with
                                                    foreclosure laws,
                                                    incorrect
                                                    publication, trustee
                                                    appointments,
                                                    recording issues,
                                                    etc.
 Invalid sale results.........  SCRA.............  Reason sale was
                                                    determined to be
                                                    invalid is that
                                                    obligor has filed
                                                    for relief under or
                                                    is deemed to be
                                                    entitled to the
                                                    SCRA.
 Changed sale results.........  Date third party   Month, day, and year
                                 failed to          the third party
                                 consummate the     failed to consummate
                                 sale.              the sale as per
                                                    consummation
                                                    requirements in the
                                                    applicable state
                                                    (i.e. the timeframe
                                                    for consummation
                                                    expired).
 Confirmed sale date with no    Confirmation or    Month, day, and year
 transfer of custody.            ratification       of sale confirmation
                                 date (when no      or ratification when
                                 transfer of        the servicer chooses
                                 custody).          to retain the
                                                    property and the
                                                    property is located
                                                    in a confirmation or
                                                    ratification of sale
                                                    state.
 Basic Claim Information......  Claim type (for    Type of claim
                                 the claim          servicer is
                                 submission--init   submitting, either
                                 ial,               initial,
                                 supplemental,      supplemental, or
                                 appeal).           appeal.
 Basic Claim Information......  Payee vendor ID    Unique FMS-assigned
                                 (per FMS).         number used to
                                                    identify the payee
                                                    for VA purposes.
 Basic Claim Information......  Payee loan number  Unique payee-assigned
                                 (if payee          number, used to
                                 differs from       identify the
                                 servicer).         account.
 Basic Claim Information......  Borrower           Any unscheduled
                                 prepayment         payment to principal
                                 amount.            by the borrower.
 Basic Claim Information......  Date of            Month, day, and year
                                 prepayment.        each prepayment was
                                                    applied.
 Basic Claim Information......  Interest Rate      Interest Rate
                                 Changes.           Changes.
 Basic Claim Information......  Effective date of  Effective date of
                                 change for SCRA    change for SCRA
                                 (change date),     (change date).
                                 if applicable.
 Basic Claim Information......  Interest rate for  Interest rate for
                                 SCRA change, if    SCRA change.
                                 applicable.
 Basic Claim Information......  ARM Loans (report  ARM Loans (report all
                                 all changes).      changes).
 Basic Claim Information......  Effective date of  Effective date of
                                 change for ARM     change for ARM loans
                                 loans (change      (change date).
                                 date).
 Basic Claim Information......  Margin (for ARM    Margin (for ARM
                                 interest rate      interest rate
                                 changes).          changes).
 Basic Claim Information......  Date loan          Month, day, and year
                                 termination        that servicer
                                 reported to        reports to the
                                 credit bureaus.    credit bureau that
                                                    the loan has been
                                                    terminated.
 Basic Claim Information......  Credits..........  Any monies being held
                                                    to be applied to the
                                                    account
                                                    indebtedness.
 Basic Claim Information......  Refunds of         Any monies received
                                 insurance          from refunds of
                                 premiums.          insurance premiums.
 Basic Claim Information......  Tenant rents.....  Any monies received
                                                    from collection of
                                                    rents from tenants.
 Basic Claim Information......  Insurance loss     The following
                                 information.       elements detail the
                                                    allocation of
                                                    insurance proceeds.
 Basic Claim Information......  Date insurance     Month, day, and year
                                 claim payment      monies were paid to
                                 received by        servicer as a result
                                 servicer.          of insurable loss.
 Basic Claim Information......  Date denied (if    Month, day, and year
                                 applicable).       that the insurance
                                                    claim for damages
                                                    was denied.
 Basic Claim Information......  Proceeds from      Amount of insurance
                                 insurance claim.   loss proceeds
                                                    received.

[[Page 68512]]

 
 Basic Claim Information......  Disposition of     Whether the insurance
                                 insurance          monies received were
                                 proceeds.          (a) applied to the
                                                    unpaid principal
                                                    balance, (b) used to
                                                    restore the
                                                    security, or (c)
                                                    held in suspense.
 Basic Claim Information......  Applied to UPB...  Whether the monies
                                                    were (a) above.
 Basic Claim Information......  Used to restore    Whether the monies
                                 security.          were (b) above.
 Basic Claim Information......  Held in suspense.  Whether the monies
                                                    were (c) above.
Basic Claim Information.......  Amount applied to  Amount of monies from
                                 principal (if      the insurance loss
                                 applicable).       proceeds that were
                                                    applied to the
                                                    unpaid principal
                                                    balance.
 Basic Claim Information......  Date applied to    Month, day, and year
                                 UPB (if            that the insurance
                                 applicable).       loss proceeds were
                                                    applied to the
                                                    unpaid principal
                                                    balance.
 Basic Claim Information......  Escrow credit      Amount of monies, if
                                 balance.           any, remaining in
                                                    tax and insurance
                                                    escrow account.
 Basic Claim Information......  Suspended credits  Any other monies
                                 (partial           being held in
                                 payments in        suspense.
                                 suspense).
 Basic Claim Information......  Buydown credits    Any unapplied seller
                                 from origination   buydown credits from
                                 (seller            loan origination.
                                 buydowns).
 Basic Claim Information......  Buydown credits    Amounts applied to
                                 from foreclosure   (1) principal
                                 (only for pre-     balance, (2)
                                 VALERI claims).    interest, or (3)
                                                    escrow to obtain
                                                    specified bid (pre-
                                                    VALERI
                                                    terminations).
                                                    Buydown funds should
                                                    have been applied,
                                                    not held in
                                                    suspense.
 Basic Claim Information......  Date of buydown    Date or dates of
                                 or buydowns.       foreclosure buydowns
                                                    (pre-VALERI
                                                    terminations).
 Basic Claim Information......  Interest on        Amount of monies
                                 escrow.            earned from
                                                    obligor's escrow
                                                    account as a result
                                                    of interest
                                                    payments.
 Basic Claim Information......  Itemized Advances  Amounts required to
                                 (payment date      be advanced by the
                                 and amount must    servicer to preserve
                                 be provided for    and protect the
                                 each).             property and/or the
                                                    lien position. Need
                                                    date and amount for
                                                    every advance).
 Basic Claim Information......  Insurance........  Amounts advanced by
                                                    the servicer to
                                                    obtain and/or
                                                    continue insurance
                                                    coverage.
 Basic Claim Information......  Forced place       Amounts advanced by
                                 (annual), must     the servicer to
                                 also provide       obtain and/or
                                 effective date.    continue yearly
                                                    forced place
                                                    insurance coverage;
                                                    including month,
                                                    day, and year that
                                                    coverage became
                                                    effective.
 Basic Claim Information......  Forced place       Amounts advanced by
                                 (monthly binder).  the servicer to
                                                    obtain and/or
                                                    continue monthly
                                                    forced place
                                                    insurance coverage.
 Basic Claim Information......  Flood............  Amounts advanced by
                                                    the servicer to
                                                    obtain and/or
                                                    continue flood
                                                    insurance coverage.
 Basic Claim Information......  Homeowner's/Fire/  Amounts advanced by
                                 Hazard.            the servicer to
                                                    obtain and/or
                                                    continue
                                                    homeowner's, fire,
                                                    and/or hazard
                                                    insurance coverage.
 Basic Claim Information......  Wind.............  Amounts advanced by
                                                    the servicer to
                                                    obtain and/or
                                                    continue wind
                                                    insurance coverage.
 Basic Claim Information......  Earthquake.......  Amounts advanced by
                                                    the servicer to
                                                    obtain and/or
                                                    continue earthquake
                                                    insurance coverage.
 Basic Claim Information......  Taxes............  Amounts advanced by
                                                    the servicer to pay
                                                    amounts which were
                                                    levied by a
                                                    government authority
                                                    upon the property.
 Basic Claim Information......  City.............  Amounts advanced by
                                                    the servicer to pay
                                                    city taxes.
 Basic Claim Information......  County/Parish....  Amounts advanced by
                                                    the servicer to pay
                                                    county/parish taxes.
 Basic Claim Information......  School...........  Amounts advanced by
                                                    the servicer to pay
                                                    school taxes.
 Basic Claim Information......  Levee............  Amounts advanced by
                                                    the servicer to pay
                                                    levee taxes.
 Basic Claim Information......  Township.........  Amounts advanced by
                                                    the servicer to pay
                                                    township taxes.
 Basic Claim Information......  Municipal Utility  Amounts advanced by
                                 District (MUD).    the servicer to pay
                                                    MUD taxes.
 Basic Claim Information......  Public Utility     Amounts advanced by
                                 District (PUD).    the servicer to pay
                                                    PUD taxes.
 Basic Claim Information......  Special            Amounts advanced by
                                 assessments.       the servicer to pay
                                                    special assessments
                                                    against the
                                                    property.
 Basic Claim Information......  Ground rent......  Amounts advanced by
                                                    the servicer to pay
                                                    ground rent due on
                                                    the property.
 Basic Claim Information......  Association fees.  Amounts advanced by
                                                    the servicer to pay
                                                    HOA, CIA, PUD, and/
                                                    or condo association
                                                    fees.
 Basic Claim Information......  Property           Amounts advanced by
                                 preservation.      the servicer to
                                                    protect and preserve
                                                    the property.
 Basic Claim Information......  Yard maintenance.  Amounts advanced by
                                                    the servicer for
                                                    required yard
                                                    maintenance services
                                                    performed on the
                                                    property.
 Basic Claim Information......  Initial cut up to  Amounts advanced by
                                 5,000 s.f..        the servicer for
                                                    initial mowing
                                                    services of up to
                                                    5,000 square feet.
 Basic Claim Information......  Initial cut 5,001- Amounts advanced by
                                 10,000 s.f..       the servicer for
                                                    initial mowing
                                                    services of between
                                                    5,001 and 10,000
                                                    square feet.
 Basic Claim Information......  Initial cut        Amounts advanced by
                                 10,000 s.f. or     the servicer for
                                 larger.            initial mowing
                                                    services of greater
                                                    than 10,000 square
                                                    feet.
 Basic Claim Information......  Recut cut up to    Amounts advanced by
                                 5,000 s.f..        the servicer for
                                                    additional mowing
                                                    services of up to
                                                    5,000 square feet.
 Basic Claim Information......  Recut cut 5,001-   Amounts advanced by
                                 10,000 s.f..       the servicer for
                                                    additional mowing
                                                    services of between
                                                    5,001 and 10,000
                                                    square feet.
 Basic Claim Information......  Recut cut 10,000   Amounts advanced by
                                 s.f. or larger.    the servicer for
                                                    additional mowing
                                                    services of greater
                                                    than 10,000 square
                                                    feet.

[[Page 68513]]

 
 Basic Claim Information......  Trim shrubs......  Amounts advanced by
                                                    the servicer for
                                                    shrub trimming
                                                    services performed
                                                    on the property.
 Basic Claim Information......  Snow removal.....  Amounts advanced by
                                                    the servicer for
                                                    snow removal
                                                    services performed
                                                    on the property.
 Basic Claim Information......  Winterization....  Amounts advanced by
                                                    the servicer to
                                                    prepare the property
                                                    to withstand cold
                                                    winter conditions.
 Basic Claim Information......  Dry heat-1 unit..  Amounts advanced by
                                                    the servicer to
                                                    winterize one
                                                    property unit with
                                                    dry heat.
 Basic Claim Information......  Dry heat-addl.     Amounts advanced by
                                 units.             the servicer to
                                                    winterize any
                                                    additional property
                                                    units with dry heat.
 Basic Claim Information......  Wet heat-1unit...  Amounts advanced by
                                                    the servicer to
                                                    winterize one
                                                    property unit with
                                                    wet heat.
 Basic Claim Information......  Wet heat-addl.     Amounts advanced by
                                 unit.              the servicer to
                                                    winterize any
                                                    additional property
                                                    units with wet heat.
 Basic Claim Information......  Radiant heat-1     Amounts advanced by
                                 unit.              the servicer to
                                                    winterize one
                                                    property unit with
                                                    radiant heat.
 Basic Claim Information......  Radiant heat-      Amounts advanced by
                                 addl. unit.        the servicer to
                                                    winterize any
                                                    additional property
                                                    units with radiant
                                                    heat.
 Basic Claim Information......  Reduced pressure   Amounts advanced by
                                 zone (RPZ) valve.  the servicer to
                                                    repair, replace, or
                                                    install (as
                                                    necessary to comply
                                                    with state health
                                                    department
                                                    requirements) a
                                                    reduced pressure
                                                    zone (RPZ) valve.
 Basic Claim Information......  Pools, spas, and   Amounts advanced by
                                 hot tubs           the servicer to
                                 winterization.     winterize pools,
                                                    spas, and hot tubs.
 Basic Claim Information......  Utilities........  Amounts advanced by
                                                    the servicer to pay
                                                    for necessary
                                                    utility services.
 Basic Claim Information......  Electricity......  Amounts advanced by
                                                    the servicer to pay
                                                    for electricity.
 Basic Claim Information......  Gas..............  Amounts advanced by
                                                    the servicer to pay
                                                    for gas.
 Basic Claim Information......  Oil..............  Amounts advanced by
                                                    the servicer to pay
                                                    for oil.
 Basic Claim Information......  Propane..........  Amounts advanced by
                                                    the servicer to pay
                                                    for propane.
 Basic Claim Information......  Water and sewer..  Amounts advanced by
                                                    the servicer to pay
                                                    for water and sewer
                                                    services.
 Basic Claim Information......  Equipment repair   Amounts advanced by
                                 or replacement.    the servicer for
                                                    necessary equipment
                                                    repair or
                                                    replacement.
 Basic Claim Information......  Sump pump repair.  Amounts advanced by
                                                    the servicer to pay
                                                    for repair of a
                                                    required sump pump.
 Basic Claim Information......  Sump pump          Amounts advanced by
                                 installation.      the servicer to pay
                                                    for installation of
                                                    a required sump
                                                    pump.
 Basic Claim Information......  Pumping water      Amounts advanced by
                                 from basement.     the servicer to pay
                                                    for services related
                                                    to removing water
                                                    from the basement of
                                                    the property.
 Basic Claim Information......  Water well (pump,  Amounts advanced by
                                 tank, and lines).  the servicer to pay
                                                    for necessary water
                                                    well equipment
                                                    repair or
                                                    replacement.
 Basic Claim Information......  Securing.........  Amounts advanced by
                                                    the servicer to
                                                    properly secure,
                                                    protect, and
                                                    preserve vacant and
                                                    abandoned
                                                    properties.
 Basic Claim Information......  Securing of the    Amounts advanced by
                                 property.          the servicer to
                                                    initially secure the
                                                    property.
 Basic Claim Information......  Resecure property  Amounts advanced by
                                                    the servicer to
                                                    resecure the
                                                    property.
 Basic Claim Information......  Temporary roof     Amounts advanced by
                                 repairs.           the servicer to make
                                                    required temporary
                                                    roof repairs.
 Basic Claim Information......  Pools, spas, and   Amounts advanced by
                                 hot tubs           the servicer to
                                 securing.          properly secure
                                                    pools, spas, and hot
                                                    tubs.
 Basic Claim Information......  In-ground pools..  Amounts advanced by
                                                    the servicer to
                                                    properly secure in-
                                                    ground pools.
 Basic Claim Information......  Above ground.....  Amounts advanced by
                                                    the servicer to
                                                    properly secure
                                                    above ground pools.
 Basic Claim Information......  Hot tubs or spas.  Amounts advanced by
                                                    the servicer to
                                                    properly secure hot
                                                    tubs or spas.
 Basic Claim Information......  Pools, spas, and   Amounts advanced by
                                 hot tubs           the servicer to pay
                                 maintenance.       for necessary
                                                    maintenance to
                                                    pools, spas, and hot
                                                    tubs.
 Basic Claim Information......  Boarding.........  Amounts advanced by
                                                    the servicer to
                                                    properly board any
                                                    openings in the
                                                    property (windows
                                                    and doors) with
                                                    plywood.
 Basic Claim Information......  Boarding-\1/2\<gr- Amounts advanced by
                                 thn-eq> plywood.   the servicer to pay
                                                    for boarding with \1/
                                                    2\<gr-thn-eq>
                                                    plywood.
 Basic Claim Information......  Boarding-\5/8\<gr- Amounts advanced by
                                 thn-eq> plywood.   the servicer to pay
                                                    for boarding with \5/
                                                    8\<gr-thn-eq>
                                                    plywood.
 Basic Claim Information......  Boarding-\3/4\<gr- Amounts advanced by
                                 thn-eq>plywood.    the servicer to pay
                                                    for boarding with \3/
                                                    4\<gr-thn-eq>
                                                    plywood.
 Basic Claim Information......  Hazard Abatement.  Amounts advanced by
                                                    the servicer to take
                                                    necessary actions in
                                                    compliance with
                                                    federal, state and
                                                    local regulations
                                                    with regards to
                                                    environmental
                                                    hazards (such as
                                                    asbestos and radon).
 Basic Claim Information......  Debris removal...  Amounts advanced by
                                                    the servicer to
                                                    remove debris from
                                                    the property, in
                                                    compliance with
                                                    federal, state and
                                                    local regulations.
 Basic Claim Information......  Cubic yards        Total number of cubic
                                 removed.           yards of debris
                                                    removed.

[[Page 68514]]

 
 Basic Claim Information......  Amount paid per    Amounts advanced by
                                 cubic yard.        the servicer to
                                                    remove debris from
                                                    the property, per
                                                    cubic yard.
 Basic Claim Information......  Number of units    Amounts advanced by
                                 (1, 2, 3, or 4).   the servicer for
                                                    debris removal from
                                                    one unit.
 Basic Claim Information......  Vehicle removal..  Amounts advanced by
                                                    the servicer to
                                                    remove abandoned
                                                    vehicle(s) from the
                                                    property in
                                                    compliance with
                                                    state and local
                                                    requirements.
 Basic Claim Information......  Liquidation        Expenses incurred by
                                 expenses.          the servicer
                                                    necessary to
                                                    terminate the loan.
 Basic Claim Information......  Attorney fees....  Expenses incurred by
                                                    the servicer for
                                                    legal representation
                                                    necessary to
                                                    terminate the loan.
 Basic Claim Information......  Foreclosure        Expenses incurred by
                                 attorney fees.     the servicer for
                                                    necessary legal
                                                    representation
                                                    related to
                                                    terminating the loan
                                                    by foreclosure.
 Basic Claim Information......  DIL attorney fees  Expenses incurred by
                                                    the servicer for
                                                    necessary legal
                                                    representation
                                                    related to
                                                    terminating the loan
                                                    by deed in lieu of
                                                    foreclosure.
 Basic Claim Information......  Bankruptcy         Expenses incurred by
                                 attorney fees--    the servicer for
                                 chapter 7.         necessary legal
                                                    representation
                                                    related to filing
                                                    for a relief of stay
                                                    in a Chapter 7
                                                    bankruptcy
                                                    proceeding.
 Basic Claim Information......  Bankruptcy         Expenses incurred by
                                 attorney fees--    the servicer for
                                 chapter 13/11.     necessary legal
                                                    representation
                                                    related to filing
                                                    for a relief of stay
                                                    in a Chapter 13 or
                                                    11 bankruptcy
                                                    proceeding.
 Basic Claim Information......  Bankruptcy         Expenses incurred by
                                 attorney fees--    the attorney fees-
                                 multiple.          servicer for
                                                    necessary legal
                                                    multiple
                                                    representation
                                                    related to filing
                                                    for a relief of stay
                                                    in multiple
                                                    bankruptcy
                                                    proceedings.
 Basic Claim Information......  Ad litem/ curator  Expenses incurred by
                                 fees/ warning      the servicer for
                                 order attorney     legal representation
                                 fees.              appointed by a court
                                                    to act on behalf of
                                                    another party, which
                                                    is necessary to
                                                    terminate the loan.
 Basic Claim Information......  Attorney service   Expenses incurred by
                                 tax.               the servicer for
                                                    payment of taxes
                                                    imposed on attorney
                                                    service fees.
 Basic Claim Information......  Attorney fee for   Expenses incurred by
                                 foreclosure        the servicer for
                                 restarts.          necessary legal
                                                    representation
                                                    related to
                                                    terminating the loan
                                                    in the event that
                                                    the initial
                                                    foreclosure was
                                                    cancelled (not
                                                    postponed) due to
                                                    events outside the
                                                    servicer's control
                                                    and must be
                                                    restarted.
 Basic Claim Information......  Appraisals.......  Expenses incurred by
                                                    the servicer to have
                                                    a VA-assigned
                                                    appraiser determine
                                                    the market value of
                                                    the property.
 Basic Claim Information......  Single unit......  Expenses incurred by
                                                    the servicer to have
                                                    a VA-assigned
                                                    appraiser determine
                                                    the market value of
                                                    the single unit
                                                    property.
 Basic Claim Information......  Duplex...........  Expenses incurred by
                                                    the servicer to have
                                                    a VA-assigned
                                                    appraiser determine
                                                    the market value of
                                                    the two unit
                                                    property.
 Basic Claim Information......  Three units......  Expenses incurred by
                                                    the servicer to have
                                                    a VA-assigned
                                                    appraiser determine
                                                    the market value of
                                                    the three unit
                                                    property.
 Basic Claim Information......  Four units.......  Expenses incurred by
                                                    the servicer to have
                                                    a VA-assigned
                                                    appraiser determine
                                                    the market value of
                                                    the four unit
                                                    property.
 Basic Claim Information......  Condominium......  Expenses incurred by
                                                    the servicer to have
                                                    a VA-assigned
                                                    appraiser determine
                                                    the market value of
                                                    the condominium
                                                    property.
 Basic Claim Information......  Appraisal service  Expenses incurred by
                                 tax.               the servicer for
                                                    payment of taxes
                                                    imposed on services
                                                    of appraiser.
 Basic Claim Information......  Court appraisal..  Expenses incurred by
                                                    the servicer to have
                                                    a court ordered
                                                    appraisal completed
                                                    to determine the
                                                    market value of the
                                                    property.
 Basic Claim Information......  Mileage..........  Expenses incurred by
                                                    the servicer to have
                                                    a VA-assigned
                                                    appraiser travel to
                                                    the property to
                                                    perform an
                                                    appraisal.
 Basic Claim Information......  Appraisal update.  Expenses incurred by
                                                    the servicer to have
                                                    a VA-assigned
                                                    appraiser update the
                                                    original appraisal
                                                    of the property.
 Basic Claim Information......  Title............  Expenses incurred by
                                                    the servicer for
                                                    title related costs
                                                    necessary to
                                                    terminate the loan.
 Basic Claim Information......  Title search.....  Expenses incurred by
                                                    the servicer for
                                                    search of records
                                                    (performed by title
                                                    company or attorney)
                                                    prior to a
                                                    foreclosure sale (to
                                                    insure a valid
                                                    foreclosure).
 Basic Claim Information......  Title examination  Expenses incurred by
                                                    the servicer for a
                                                    close examination of
                                                    all public records
                                                    that affect the
                                                    title to the
                                                    property, including
                                                    reviewing past
                                                    deeds, wills, and
                                                    trusts to make sure
                                                    the title has passed
                                                    correctly to each
                                                    owner and to verify
                                                    that all prior
                                                    mortgages have been
                                                    extinguished.
 Basic Claim Information......  Title commitment.  Expenses incurred by
                                                    the servicer for a
                                                    written commitment
                                                    from the title
                                                    company stating the
                                                    conditions under
                                                    which the title
                                                    company will insure
                                                    title to the
                                                    property.
 Basic Claim Information......  Trustee sale       Expenses incurred by
                                 guaranty (TSG).    the servicer for a
                                                    written commitment
                                                    from the title
                                                    company stating the
                                                    conditions under
                                                    which it will insure
                                                    title to the
                                                    property following a
                                                    proper foreclosure.
 Basic Claim Information......  Title endorsement  Expenses incurred by
                                                    the servicer to pay
                                                    required endorsement
                                                    fees.
 Basic Claim Information......  Title update.....  Expenses incurred by
                                                    the servicer to pay
                                                    for required updates
                                                    to the title
                                                    commitment.
 Basic Claim Information......  Title policy.....  Expenses incurred by
                                                    the servicer to pay
                                                    for the title
                                                    policy.
 Basic Claim Information......  Title opinion/     Expenses incurred by
                                 abstracting        the servicer for a
                                 legal opinion.     statement issued by
                                                    an attorney as to
                                                    the quality of title
                                                    after examining an
                                                    abstract of title.

[[Page 68515]]

 
 Basic Claim Information......  Abstracting        Expenses incurred by
                                 update.            the servicer to pay
                                                    for required updates
                                                    to the abstract.
 Basic Claim Information......  Title service tax  Expenses incurred by
                                                    the servicer to pay
                                                    taxes imposed on
                                                    title services.
 Basic Claim Information......  Certificate of     Expenses incurred by
                                 regularity.        the servicer to
                                                    establish
                                                    sufficiency of
                                                    probate (wills)
                                                    proceedings, or
                                                    other proceedings
                                                    held outside the
                                                    county in which the
                                                    property is
                                                    situated.
 Basic Claim Information......  Filing fees......  Expenses incurred by
                                                    the servicer as
                                                    charged by public
                                                    officials in the
                                                    property's area for
                                                    recording or filing
                                                    documents related to
                                                    the loan obligation.
 Basic Claim Information......  Judgment.........  Expenses incurred by
                                                    the servicer as
                                                    charged by public
                                                    officials for the
                                                    recording or filing
                                                    of a judgment.
 Basic Claim Information......  Bankruptcy.......  Expenses incurred by
                                                    the servicer as
                                                    charged by public
                                                    officials for the
                                                    recording or filing
                                                    of bankruptcy-
                                                    related motions.
 Basic Claim Information......  Lis pendens......  Expenses incurred by
                                                    the servicer as
                                                    charged by public
                                                    officials for the
                                                    recording or filing
                                                    of notice of the
                                                    filing of a suit.
 Basic Claim Information......  Summons..........  Expenses incurred by
                                                    the servicer as
                                                    charged by public
                                                    officials for the
                                                    recording or filing
                                                    of a summons.
 Basic Claim Information......  Complaint........  Expenses incurred by
                                                    the servicer as
                                                    charged by public
                                                    officials for the
                                                    recording or filing
                                                    of a complaint.
 Basic Claim Information......  Petition.........  Expenses incurred by
                                                    the servicer as
                                                    charged by public
                                                    officials for the
                                                    recording or filing
                                                    of a petition.
 Basic Claim Information......  Order confirming   Expenses incurred by
                                 sale.              the servicer as
                                                    charged by public
                                                    officials for the
                                                    recording or filing
                                                    of an order
                                                    confirming sale.
 Basic Claim Information......  Posting notice of  Expenses incurred by
                                 sale.              the servicer as
                                                    charged by public
                                                    officials for the
                                                    posting of the
                                                    notice of sale.
 Basic Claim Information......  Notice affidavit.  Expenses incurred by
                                                    the servicer as
                                                    charged by public
                                                    officials for the
                                                    recording or filing
                                                    of the affidavit
                                                    stating that proper
                                                    notice of sale was
                                                    posted.
 Basic Claim Information......  Military           Expenses incurred by
                                 affidavit.         the servicer for a
                                                    sworn, written
                                                    statement, affirming
                                                    that the property
                                                    owner is not
                                                    entitled to any
                                                    rights under the
                                                    SCRA.
 Basic Claim Information......  Notice of          Expenses incurred by
                                 publication        the servicer as
                                 affidavit.         charged by public
                                                    officials for the
                                                    recording or filing
                                                    of the affidavit
                                                    stating that proper
                                                    notice of sale was
                                                    published.
 Basic Claim Information......  Index number.....  Expenses incurred by
                                                    the servicer as
                                                    charged by public
                                                    officials for the
                                                    recording or filing
                                                    of the index number.
 Basic Claim Information......  Request for        Expenses incurred by
                                 judicial           the servicer as
                                 intervention.      charged by public
                                                    officials for the
                                                    recording or filing
                                                    of a request for
                                                    judicial
                                                    intervention.
 Basic Claim Information......  Recording fees--   Expenses incurred by
                                 foreclosure.       the servicer as
                                                    charged by public
                                                    officials for
                                                    recording or filing
                                                    foreclosure
                                                    documents.
Basic Claim Information.......  Foreclosure deed   Expenses incurred by
                                 (sheriff's,        the servicer as
                                 trustee's,         charged by public
                                 referee's, or      officials for
                                 commissioner's     recording or filing
                                 deed).             of the deed
                                                    following
                                                    foreclosure.
 Basic Claim Information......  Assignment of      Expenses incurred by
                                 sheriff's deed.    the servicer as
                                                    charged by public
                                                    officials for
                                                    recording or filing
                                                    the assignment of
                                                    the deed following
                                                    foreclosure.
 Basic Claim Information......  Sheriff's          Expenses incurred by
                                 certificate of     the servicer as
                                 sale.              charged by public
                                                    officials for
                                                    recording or filing
                                                    the Sheriff's
                                                    certificate of sale.
 Basic Claim Information......  Assignment of      Expenses incurred by
                                 sheriff's          the servicer as
                                 certificate of     charged by public
                                 sale.              officials for
                                                    recording or filing
                                                    the assignment of
                                                    the Sheriff's
                                                    certificate of sale.
Basic Claim Information.......  Deed to VA.......  Expenses incurred by
                                                    the servicer as
                                                    charged by public
                                                    officials for
                                                    recording or filing
                                                    the deed to VA.
 Basic Claim Information......  Notice of          Expenses incurred by
                                 foreclosure.       the servicer as
                                                    charged by public
                                                    officials for
                                                    recording or filing
                                                    the notice of
                                                    foreclosure.
 Basic Claim Information......  Substitution of    Expenses incurred by
                                 trustee            the servicer as
                                 (appointment,      charged by public
                                 agreement, or      officials for
                                 document).         recording or filing
                                                    the substitution of
                                                    trustee.
 Basic Claim Information......  Notice of default/ Expenses incurred by
                                 foreclosure        the servicer as
                                 notice.            charged by public
                                                    officials for
                                                    recording or filing
                                                    the notice of
                                                    default/foreclosure
                                                    notice.
 Basic Claim Information......  Judgment.........  Expenses incurred by
                                                    the servicer as
                                                    charged by public
                                                    officials for the
                                                    recording or filing
                                                    of a judgment.
 Basic Claim Information......  Summons..........  Expenses incurred by
                                                    the servicer as
                                                    charged by public
                                                    officials for the
                                                    recording or filing
                                                    of a summons.
 Basic Claim Information......  Certificate of     Expenses incurred by
                                 non-redemption.    the servicer as
                                                    charged by public
                                                    officials for the
                                                    recording or filing
                                                    of a certificate of
                                                    non-redemption.
 Basic Claim Information......  Recording Fees--   Expenses incurred by
                                 DIL.               the servicer as
                                                    charged by public
                                                    officials for
                                                    recording or filing
                                                    deed in lieu of
                                                    foreclosure
                                                    documents.
 Basic Claim Information......  Warranty deed      Expenses incurred by
                                 from owner to      the servicer as
                                 holder.            charged by public
                                                    officials for
                                                    recording or filing
                                                    the deed from owner
                                                    to holder.
 Basic Claim Information......  Estoppel           Expenses incurred by
                                 affidavit.         the servicer as
                                                    charged by public
                                                    officials for
                                                    recording or filing
                                                    the estoppel
                                                    affidavit.
 Basic Claim Information......  Deed to VA.......  Expenses incurred by
                                                    the servicer as
                                                    charged by public
                                                    officials for
                                                    recording or filing
                                                    the deed to VA.

[[Page 68516]]

 
 Basic Claim Information......  Satisfaction of    Expenses incurred by
                                 mortgage.          the servicer as
                                                    charged by public
                                                    officials for
                                                    recording or filing
                                                    the satisfaction of
                                                    mortgage/release of
                                                    mortgage.
 Basic Claim Information......  Deed of            Expenses incurred by
                                 reconveyance/      the servicer as
                                 full release.      charged by public
                                                    officials for
                                                    recording or filing
                                                    the deed of
                                                    reconveyance/full
                                                    release.
 Basic Claim Information......  Foreclosure        Expenses incurred by
                                 facilitation       the servicer as
                                 fees.              charged by public
                                                    officials to
                                                    facilitate the
                                                    foreclosure process.
 Basic Claim Information......  Sheriff's/         Expenses payable with
                                 administrator/     respect to sheriff/
                                 commissioner       administrator/
                                 fees and costs     commissioner fees
                                 (includes court    and costs.
                                 costs).
 Basic Claim Information......  Trustee/referee/   Expenses incurred by
                                 master in equity   the servicer to pay
                                 fees.              the trustee/referee/
                                                    master in equity for
                                                    fees charged.
 Basic Claim Information......  Auctioneer's fee.  Expenses incurred by
                                                    the servicer to pay
                                                    the auctioneer to
                                                    conduct the
                                                    foreclosure sale.
 Basic Claim Information......  Court recorder     Expenses incurred by
                                 fee.               the servicer to pay
                                                    the court recorder
                                                    for recording
                                                    services.
 Basic Claim Information......  Prothonatory/      Expenses incurred by
                                 clerk's fee.       the servicer to pay
                                                    the prothonotary/
                                                    clerk for fees
                                                    charged.
 Basic Claim Information......  Other fees and     Expenses incurred by
                                 costs.             the servicer to pay
                                                    for any liquidation
                                                    Expenses not
                                                    previously listed.
 Basic Claim Information......  Publication of     Expenses incurred by
                                 sale/              the servicer to pay
                                 advertisement in   for publication/
                                 newspaper or on    advertisement of the
                                 the internet.      notice of sale in an
                                                    appropriate
                                                    newspaper.
 Basic Claim Information......  Service of         Expenses incurred by
                                 process.           the servicer to
                                                    serve papers on any
                                                    necessary party of
                                                    interest.
 Basic Claim Information......  Personal (sheriff  Expenses incurred by
                                 or private         the servicer to pay
                                 entity).           for fees charged to
                                                    personally serve
                                                    papers on any
                                                    necessary party of
                                                    interest.
Basic Claim Information.......  By publication...  Expenses incurred by
                                                    the servicer to pay
                                                    for fees charged to
                                                    serve legal notice
                                                    on any necessary
                                                    party of interest by
                                                    publication.
 Basic Claim Information......  By certified Mail  Expenses incurred by
                                                    the servicer to send
                                                    required notices by
                                                    certified mail to
                                                    all parties of
                                                    interest.
 Basic Claim Information......  Investigation fee  Expenses incurred by
                                                    the servicer to pay
                                                    the investigator for
                                                    fees charged.
 Basic Claim Information......  Non-               Expenses incurred by
                                 extinguishable     the servicer to pay
                                 liens.             for any liens that
                                                    are not extinguished
                                                    by the foreclosure
                                                    action.
 Basic Claim Information......  Committee fees     Fees and costs
                                 and costs.         incurred by the
                                                    servicer to convene
                                                    the committee to
                                                    confirm the sale
                                                    when there is equity
                                                    and/or IRS liens.
 Basic Claim Information......  Transfer tax/      Expenses incurred by
                                 documentary        the servicer for the
                                 stamps.            state or local tax
                                                    payable upon the
                                                    transfer of a title.
 Basic Claim Information......  Property           Expenses incurred by
                                 inspections.       the servicer for
                                                    required property
                                                    inspections.
 Basic Claim Information......  Dates inspections  Months, days, years,
                                 completed.         property inspections
                                                    were completed.
 Basic Claim Information......  Property           Expenses incurred by
                                 inspection fee.    the servicer to pay
                                                    fees charged for
                                                    required property
                                                    inspections.
 Basic Claim Information......  Municipal lien     Expenses incurred by
                                 certificate.       the servicer to
                                                    obtain a municipal
                                                    lien certificate.
 Basic Claim Information......  Title V septic     Expenses incurred by
                                 (Massachusetts).   the servicer to
                                                    inspect for and
                                                    certify compliance
                                                    with Title V septic
                                                    requirements.
 Basic Claim Information......  Poundage.........  Fee charged by the
                                                    court for handling
                                                    the funds received
                                                    from the sale of the
                                                    property for third
                                                    party bids.
 Basic Claim Information......  Mennonite notices  Expenses incurred by
                                                    the servicer to
                                                    notify every party
                                                    holding a legally
                                                    protected property
                                                    interest whose name
                                                    and address can
                                                    reasonably be
                                                    determined by
                                                    diligent efforts.
------------------------------------------------------------------------

Paperwork Reduction Act of 1995

    While the proposed rule sets forth collections of information 
pertaining to proposed Sec.  36.4315a, this supplemental notice 
contains no new or proposed revised collections of information outside 
of those referenced in the proposed rule.

Executive Order 12866

    Executive Order 12866 directs agencies to assess all costs and 
benefits of available regulatory alternatives and, when regulation is 
necessary, to select regulatory approaches that maximize net benefits 
(including potential economic, environmental, public health and safety, 
and other advantages; distributive impacts; and equity). The Executive 
Order classifies a ``significant regulatory action,'' requiring review 
by the Office of Management and Budget (OMB) unless OMB waives such 
review, as any regulatory action that is likely to result in a rule 
that may: (1) Have an annual effect on the economy of $100 million or 
more or adversely affect in a material way the economy, a sector of the 
economy, productivity, competition, jobs, the environment, public 
health or safety, or State, local, or tribal governments or 
communities; (2) Create a serious inconsistency or otherwise interfere 
with an action taken or planned by another agency; (3) Materially alter 
the budgetary impact of entitlements, grants, user fees, or loan 
programs or the rights and obligations of recipients thereof; or (4) 
Raise novel legal or policy issues arising out of legal mandates, the 
President's priorities, or the principles set forth in the Executive 
Order.
    The economic, interagency, budgetary, legal, and policy 
implications of this supplemental notice of proposed rulemaking has 
been examined, and it has been determined not to be a significant 
regulatory action under Executive Order 12866.

[[Page 68517]]

Unfunded Mandates

    The Unfunded Mandates Reform Act requires, at 2 U.S.C. 1532, that 
agencies prepare an assessment of anticipated costs and benefits before 
developing any rule that may result in an expenditure by State, local, 
or tribal governments, in the aggregate, or by the private sector, of 
$100 million or more in any given year. This supplemental notice of 
proposed rulemaking would have no such effect on State, local, or 
tribal governments, or the private sector.

Regulatory Flexibility Act

    The Secretary hereby certifies that this supplemental notice of 
proposed rulemaking would not have a significant economic impact on a 
substantial number of small entities as they are defined in the 
Regulatory Flexibility Act, 5 U.S.C. 601-612. This notice provides 
additional information concerning the computer-based system that VA 
proposed to implement in its prior rulemaking notice. The additional 
information does not alone have any economic impact on small entities. 
Therefore, pursuant to 5 U.S.C. 605(b), the supplemental notice of 
proposed rulemaking is exempt from the initial and final regulatory 
flexibility analysis requirements of sections 603 and 604.

Catalog of Federal Domestic Assistance

    The Catalog of Federal Domestic Assistance Program number is 
64.114, Veterans Housing Guaranteed and Insured Loans.

    Approved: November 20, 2006.
R. James Nicholson,
Secretary of Veterans Affairs.
[FR Doc. 06-9403 Filed 11-21-06; 12:29 pm]
BILLING CODE 8320-01-P