Field

Description

Loan Pooling

Mnemonic: IGPOL

Use this field to indicate whether the investor group is a loan pool.

Credit/Debit G/L Account

Mnemonic: IGGLC/IGGLD

Use these fields to indicate the General Ledger account numbers to credit and debit when using loan pooling (the Loan Pooling field must be marked).

Prior 5-B2

Mnemonic: I2P5B2

This field indicates the previous month's 1710 A amount found in section 5, line B2. It is updated with the amount stored in the Current 5-B2 field when the investor cycle changes.

Prior 2-G

Mnemonic: I2P2G

This field indicates the previous month's 1710 A amount found in section 2, line G. It is updated with the amount stored in the Current 2-G field when the investor cycle changes.

Current 5-B2

Mnemonic: I2C5B2

This field contains the current month's 1710 A amount found in section 5, line B2. It is updated when the investor cycle changes.

Current 2-G

Mnemonic: I2C2G

This field contains the current month's 1710 A amount found in section 2, line G. It is updated when the investor cycle changes.

Principal and Interest Funds

Mnemonic: IGCPI

This field displays a calculated amount that is used in determining next month's principal and interest for the GNMA Report. This amount is calculated from the GNMA Report each month. This amount will change monthly after the report is run. The three records used in the calculation of this field are as follows:

PRINCIPAL AND INTEREST

TOTAL CASH DISTRIBUTION DUE HOLDERS

SERVICING FEE

The calculation is as follows:

PRINCIPAL AND INTEREST - TOTAL CASH DISTRIBUTION - SERVICING FEE = P/I FUNDS

The calculated amount is stored in this field until the next GNMA Report or Investor Single Debit Report is run. Then, that amount is used to calculate the principal and interest for the report.