Navigation:  Account Delinquency screen > Comments tab > Comments field group > FNMA Forbearance Plan field group > Imminent Default

Entry: User, checkbox

F/M: Yes

Mnemonic: QAIMMD

Screen: Account Delinquency; Bankruptcy; Foreclosure & Repossession & Judgment; Collection Queues, Detail & Queue Processing tab, Comments tab

Field Group: FNMA Forbearance Plan

 

Check this box if the loan has been placed in forbearance because the borrower has been determined to be in imminent default. Imminent default is when a borrower that is current or less than 30 days past due on the mortgage obligation and is experiencing a significant reduction in income or some other hardship that will prevent him or her from making the next required payment on the mortgage during the month that it is due.