| CODE |
DEFAULT DESCRIPTIONS |
| 1 |
In Default - Status Unknown
|
| 1A |
In Default on Escrow
Fundings |
| 1B |
In Default - Negotiating
With Creditors |
| 1C |
In Default - Workout
Being Proposed |
| 1D |
In Default - Workout
Being Implemented |
| 1E |
In Default - Under Litigation
|
| 1F |
In Default - Tender/Exchange
Offer Pending |
| 2A |
In Bankruptcy - No Settlement
Proposed |
| 2B |
In Bankruptcy- Settlement
Proposed |
| 2C |
In Bankruptcy- Interest
Payments Being Made |
| 2D |
In Bankruptcy- Trustee
Foreclosing |
| 2E |
In Bankruptcy- Project
For Sale |
| 2F |
In Bankruptcy- Settlement
Pending Confirmation |
| 3 |
In Liquidation |
| 3A |
In Liquidation- Trustee
in Foreclosure/Possession |
| 3B |
In Liquidation- Final
Assets Sale Pending |
| 3C |
In Liquidation- Partial
Distribution Made |
| 4 |
Default Settled- Final
Distribution Made |
| 4B |
Default Settled- Partial Distribution
Made |
| 4C |
Default Settled- Operating
Under a Settlement Plan |
| 4L |
Default Settled- Litigation
Recovery Possible |
| 4Z |
Zero Recovery Expected
|
| 5 |
Default Insured/Guaranteed/Credit
Enhanced |
| 5L |
Default Secured by Letter
of Credit |
| 5I |
Default Secured by Bond
Insurance |
| 5F |
Default Secured by FHA
or HUD |
| 5R |
Default Secured by the
RTC/FSLIC/ FDIC |
| 5M |
Default Secured - Other
|
| 6 |
Default Brought Current
|
| 6A |
Default Brought Current
with New Terms for Bonds |
| 7 |
No Details Available
(Old Default) |
