FM SFLP.Original Combined Loan to Value Ratio

Definition

Original Combined Loan to Value Ratio: The ratio, expressed as a percentage, obtained by dividing the amount of all known outstanding loans at origination by the value of the property.

Notes

• This field is calculated by adding together:
  • the original loan amount of the first lien mortgage loan,
  • the amount then currently drawn on a home equity line of credit as of the origination date of the underlying mortgage loan, and
  • the outstanding principal balance of any other subordinate mortgage loan as of the origination date of the underlying mortgage loan,
• and dividing the resulting sum by the lower of
  • the sales price of the mortgaged property and
  • the value of the mortgaged property.
• The field belongs to the FM SFLP Template

Field Characteristics

• FM SFLP Field Index: 21
• Column Label: OCLTV
• Data Type: NUMERIC
• Data Maximum Length: 9(3)

Disclaimer

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