Why doesnt my borrowing potential from real estate collateral match my Call Report or the tape that is sent in each month?
• • There are several reasons why your borrowing potential may differ. The most common reasons for differences include: • When determining current borrowing potential, max lendable values (“haircuts”) are applied to collateral pledged. • Loans may become ineligible because there are data deficiencies on the mortgage tape. Please check to make sure that all required fields have been completed.* • The Call Report may indicate loans made that might technically qualify as 1-to-4-family residential loans although they are not used for residential purposes. • The market value of the loan may be greater or less than the book value. • An amortization discount may be applied, depending on the frequency of tape submissions.
Related Questions
- How does a credit union with a participation loan that has real estate as the collateral, report it on the Loan Charge offs and Recoveries schedule? Is there double counting?
- How does a credit union with a member business loan that has real estate as the collateral, report it on the delinquent loan schedule? Is there double counting?
- Why wasnt a progress report sent to Farepaks agents covering the six month period since the Administrators appointment?
