RC-C M.15.c.(1) Missing Configuration For Loans Originated By Bank And Sold
(Doc ID 2641875.1)
Last updated on FEBRUARY 26, 2020
Applies to:Oracle Financial Services - Regulatory Reporting for US Federal Reserve - Lombard Risk Integration Pack - Version 8.0.8 and later
Information in this document applies to any platform.
RC-C M.15.c.(1) Missing configuration for loans originated by Bank and sold
The logic for RCONJ470WORK
As per Instruction pg. no. RC-C 36 (3-17), "Report in the appropriate subitem the principal amount of HECM and proprietary reverse mortgages sold during the year that were originated by the bank. Report the principal balance outstanding of the reverse mortgages as of their sale dates, which excludes any unused commitments to the borrowers on the reverse mortgages sold"
From RRS 80740 documentation, no attribute to identify the loans originated by Bank and sold during the year (date logic) within the OFSAA configuration.
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