January 17, 2008
DFI - Residential Mortgage Survey - Guidance
The following guidance has been prepared in response to the issues that have arisen with regard to the Residential Mortgage Survey:
- "Loan amount" refers to payoff amount.
- As of date is 12/31/07.
- All first and second deeds of trust and home equity lines of credit (HELOCs) for seriously delinquent loans in the selected ZIP codes.
- Purchased loans that are serviced by the selling institution.
Do not include:
- Loans to purchase manufactured housing.
A revised Residential Mortgage Survey which includes a column for loan type on the worksheet detail is attached for your convenience. In column H on the revised worksheet, please designate each loan listed as "F" for first, "S" for second, and "H" for HELOC.
IMPORTANT NOTE: If you have already filed a "nil" report DO NOT refile on the revised form. Only institutions with seriously delinquent mortgage loans that are secured by residential property located in the selected zip codes need to complete the worksheet detail.
Thank you for your attention to this matter. Completed surveys should be emailed to Kristine De Young at firstname.lastname@example.org on or before January 25, 2008. Questions should be addressed to Patrick Carroll at email@example.com or by telephone at (415) 263-8559.