Missing configuration related to 'LOANS SERVICED' for MDRM code CCAM9028 (Report- FRY14M, schedule- C1)
(Doc ID 2597836.1)
Last updated on OCTOBER 29, 2019
Applies to:Oracle Financial Services - Regulatory Reporting for US Federal Reserve - Lombard Risk Integration Pack - Version 8.0.7 and later
Information in this document applies to any platform.
14M instructions require that loans serviced for others also be reported here based on following Fed instructions extracts:
For every loan reported on the FR Y-14M First Lien Closed-end 1-4 Family Loan (FRY14M, Sch A) or Home Equity Loan and Home Equity Line of Credit Schedules(FRY14M, sch B), the BHCs or IHCs shall provide the information set forth in this schedule. Starting with the March 2013 data submission, these schedules have been expanded to include REO loans, and such loans will also be included in the Address Matching data collection.
14M Schedule A: Domestic First Lien Closed-end 1-4 Family Residential Loan Data Dictionary
Serviced loans include those meeting the definition of first lien loans reported in FR Y-9C, Schedule HC-S, item 1 column A, Schedule HC-S item M.2.a, Schedule HC-S, item M.2.b, Schedule HC-S, item M.2.c, and Schedule HC-S, item M.2.d.
Serviced loans/lines include those meeting the definition of home equity loans/lines reported in FR Y-9C, Schedule HC-S, item 1.(columns A and B), Schedule HC-S item M.2.a, Schedule HC-S, item M.2.b, HC-S, item M.2.c, and Schedule HC-S, item M.2.d
ISSUE- In the current configuration the above mentioned cell CCAM9028 under C sch doesn't have the data flow from table 'LOANS_SERVICED' which is required by the FED instruction
This is product configuration issue
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