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  #1  
17th May 2016, 11:25 AM
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OTS Vs MBA

Hello buddy I want to know the difference between the OTS Delinquency Calculation Method and MBA Delinquency Calculation Method please tell me ??
  #2  
17th May 2016, 11:25 AM
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Join Date: May 2012
Re: OTS Vs MBA

As per your demand here is the difference between the OTS Delinquency Calculation Method and MBA Delinquency Calculation Method

OTS Delinquency Calculation Method.

Under the OTS method, a loan is measured delinquent if a monthly payment has not been acknowledged by the close of business on the loan’s due date in the following month.

The cutoff date for information under both methods is as of the end of the calendar month.

Therefore, a loan with a due date of Aug. 1, 2002, with no payment received by the close of business on Aug. 31, 2002, would have been reported

as current on the September statement to certificate holder.

Assuming no payments are made during September, the loan would be reproduced as delinquent on the October statement.

MBA Delinquency Calculation Method

Under the MBA method, a loan would be measured delinquent

If the payment had not been received by the end of the day instantaneously preceding the loan’s next due date

(commonly the last day of the month in which the payment was due).

Using the example above, a loan with a due date of Aug.

1, 2002, with no payment received by the close of business on Aug. 31, 2002, would have been reported as delinquent on the September statement to certificate holders.
  #3  
22nd February 2024, 11:18 PM
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Re: OTS Vs MBA

How does OTS affect credit reporting?


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