Artículo § 229.1125 — (Item 1125) Schedule AL—Asset-level information.. § 229.1125 — (Item 1125) Schedule AL—Asset-level information.

§ 229.1125 — (Item 1125) Schedule AL—Asset-level information. (a) The following definitions apply to the terms used in this schedule unless otherwise specified: Debt service reduction. A modification of the terms of a loan resulting from a bankruptcy proceeding, such as a reduction of the amount of the monthly payment on the related mortgage loan. Deficient valuation. A bankruptcy proceeding whereby the bankruptcy court may establish the value of the mortgaged property at an amount less than the then-outstanding principal balance of the mortgage loan secured by the mortgaged property or may reduce the outstanding principal balance of a mortgage loan. Underwritten. The amount of revenues or expenses adjusted based on a number of assumptions made by the mortgage originator or seller. (b) As required by Item 1111(h) (§ 229.1111(h)), provide asset-level information for each asset or security in the pool in the manner specified in appendix to § 229.1125. Appendix to § 229.1125—Schedule AL Item 1. Residential mortgages. If the asset pool includes residential mortgages, provide the following data and the data under Item 1 for each loan in the asset pool: (a) Asset numbers. (1) Asset number type. Identify the source of the asset number used to specifically identify each asset in the pool. (2) Asset number. Provide the unique ID number of the asset. Instruction to paragraph (a)(2): The asset number must reference a single asset within the pool and should be the same number that will be used to identify the asset for all reports that would be required of an issuer under Sections 13 or 15(d) of the Exchange Act (15 U.S.C. 78m or 78o(d)). If an asset is removed and replaced with another asset, the asset added to the pool should be assigned a unique asset number applicable to only that asset. (3) Asset group number. For structures with multiple collateral groups, indicate the collateral group number in which the asset falls. (b) Reporting period. (1) Reporting period begin date. Specify the beginning date of the reporting period. (2) Reporting period end date. Specify the ending date of the reporting period. (c) General information about the residential mortgage. (1) Original loan purpose. Specify the code which describes the purpose of the loan at the time the loan was originated. (2) Originator. Identify the name of the entity that originated the loan. (3) Original loan amount. Indicate the amount of the loan at the time the loan was originated. (4) Original loan maturity date. Indicate the month and year in which the final payment on the loan is scheduled to be made at the time the loan was originated. (5) Original amortization term. Indicate the number of months that would have been required to retire the mortgage loan through regular payments, as determined at the origination date of the loan. In the case of an interest-only loan, the original amortization term is the original term to maturity (other than in the case of a balloon loan). In the case of a balloon loan, the original amortization term is the number of months used to calculate the principal and interest payment due each month (other than the balloon payment). (6) Original interest rate. Provide the rate of interest at the time the loan was originated. (7) Accrual type. Provide the code that describes the method used to calculate interest on the loan. (8) Original interest rate type. Indicate whether the interest rate on the loan is fixed, adjustable, step or other. (9) Original interest only term. Indicate the number of months in which the obligor is permitted to pay only interest on the loan beginning from when the loan was originated. (10) Underwriting indicator. Indicate whether the loan or asset met the criteria for the first level of solicitation, credit-granting or underwriting criteria used to originate the pool asset. (11) Original lien position. Indicate the code that describes the priority of the lien against the subject property at the time the loan was originated. (12) Information related to junior liens. If the loan is a first mortgage with subordinate liens, provide the following additional information for each non-first mortgage if obtained or available: (i) Most recent junior loan balance. Provide the most recent combined balance of any subordinate liens. (ii) Date of most recent junior loan balance. Provide the date of the most recent junior loan balance. (13) Information related to non-first mortgages. For non-first mortgages, provide the following information if obtained or available: (i) Most recent senior loan amount. Provide the total amount of the balances of all associated senior loans. (ii) Date of most recent senior loan amount. Provide the date(s) of the most recent senior loan amount. (iii) Loan type of most senior lien. Indicate the code that describes the loan type of the first mortgage. (iv) Hybrid period of most senior lien. For non-first mortgages where the associated first mortgage is a hybrid ARM, provide the number of months remaining in the initial fixed interest rate period for the first mortgage. (v) Negative amortization limit of most senior lien. For non-first mortgages where the associated first mortgage features negative amortization, indicate the negative amortization limit of the mortgage as a percentage of the original unpaid principal balance. (vi) Origination date of most senior lien. Provide the origination date of the associated first mortgage. (14) Prepayment penalty indicator. Indicate yes or no as to whether the loan includes a penalty charged to the obligor in the event of a prepayment. (15) Negative amortization indicator. Indicate yes or no as to whether the loan allows negative amortization. (16) Modification indicator. Indicate yes or no as to whether the loan has been modified from its original terms. (17) Number of modifications. Provide the number of times that the loan has been modified. (18) Mortgage insurance requirement indicator. Indicate yes or no as to whether mortgage insurance is or was required as a condition for originating the loan. (19) Balloon indicator. Indicate yes or no as to whether the loan documents require a lump-sum to fully pay off the loan. (20) Covered/High cost loan indicator. Indicate yes, no or unknown as to whether as of the end of the reporting period the loan is categorized as “high cost,” “higher priced” or “covered” according to applicable federal, state or local statutes, ordinances or regulations. (21) Servicer-placed hazard insurance. Indicate yes, no or unknown as to whether as of the end of the reporting period the hazard insurance on the property is servicer-placed. (22) Refinance cash-out amount. For any refinance loan that is a cash-out refinance provide the amount the obligor received after all other loans to be paid by the mortgage proceeds have been satisfied. For any refinance loan that is a no-cash-out refinance provide the result of the following calculation: [NEW LOAN AMOUNT]−[PAID OFF FIRST MORTGAGE LOAN AMOUNT]−[PAID OFF SECOND MORTGAGE LOAN AMOUNT]−[CLOSING COSTS]. (23) Total origination and discount points. Provide the amount paid to the lender to increase the lender's effective yield and, in the case of discount points, to reduce the interest rate paid by the obligor. (24) Broker. Indicate yes or no as to whether a broker originated or was involved in the origination of the loan. (25) Channel. Specify the code that describes the source from which the issuer obtained the loan. (26) NMLS company number. Specify the National Mortgage License System (NMLS) registration number of the company that originated the loan. (27) Buy down period. Indicate the total number of months during which any buy down is in effect, representing the accumulation of all buy down periods. (28) Loan delinquency advance days count. Indicate the number of days after which a servicer can stop advancing funds on a delinquent loan. (29) Information related to ARMs. If the loan is an ARM, provide the following additional information: (i) Original ARM Index. Specify the code that describes the type and source of index to be used to determine the interest rate at each adjustment. (ii) ARM Margin. Indicate the number of percentage points that is added to the index value to establish the new interest rate at each interest rate adjustment date. (iii) Fully indexed interest rate. Indicate the fully indexed interest rate to which the obligor was underwritten. (iv) Initial fixed rate period for hybrid ARM. If the interest rate is initially fixed for a period of time, indicate the number of months between the first payment date of the loan and the first interest rate adjustment date. (v) Initial interest rate decrease. Indicate the maximum percentage by which the interest rate may decrease at the first interest rate adjustment date. (vi) Initial interest rate increase. Indicate the maximum percentage by which the interest rate may increase at the first interest rate adjustment date. (vii) Index look-back. Provide the number of days prior to an interest rate effective date used to determine the appropriate index rate. (viii) Subsequent interest rate reset period. Indicate the number of months between subsequent rate adjustments. (ix) Lifetime rate ceiling. Indicate the percentage of the maximum interest rate that can be in effect during the life of the loan. (x) Lifetime rate floor. Indicate the percentage of the minimum interest rate that can be in effect during the life of the loan. (xi) Subsequent interest rate decrease. Provide the maximum number of percentage points by which the interest rate may decrease at each rate adjustment date after the initial adjustment. (xii) Subsequent interest rate increase. Provide the maximum number of percentage points by which the interest rate may increase at each rate adjustment date after the initial adjustment. (xiii) Subsequent payment reset period. Indicate the number of months between payment adjustments after the first interest rate adjustm