FM SFLP.ARM Initial Fixed-Rate Period Less Than 5 YR

Definition

ARM Initial Fixed-Rate Period Less Than 5 YR: For an adjustable-rate mortgage loan, an indicator that denotes if the Initial Fixed-Rate Period is less than or equal to five years.

Notes

• Valid Values:
  • Y = Yes
  • N = No
• Applicable to certain CIRT offerings.
• The field belongs to the FM SFLP Template

Field Characteristics

• FM SFLP Field Index: 88
• Column Label: ARM_5_YR_INDICATOR
• Data Type: Boolean
• Data Maximum Length: X(1)
• Temporal Classification: Acquisition
• Data Category: Loan

Implementation

• openNPL repository

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Disclaimer

This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates