FM SFLP.Interest Rate Adjustment Frequency

Definition

Interest Rate Adjustment Frequency: For an adjustable-rate mortgage loan, the number of months between scheduled rate changes. For loans with an Initial Fixed-Rate Period, the number of months between subsequent rate adjustments.

Notes

• Applicable to certain CIRT offerings.
• The field belongs to the FM SFLP Template

Field Characteristics

• FM SFLP Field Index: 91
• Column Label: MONTHS_BETWEEN_RESET
• Data Type: NUMERIC
• Data Maximum Length: 9(4)
• Temporal Classification: Performance
• 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