FM SFLP.Remaining Months To Maturity

From Open Risk Manual

Definition

Remaining Months To Maturity: The number of calendar months remaining until the outstanding Unpaid Principal Balance of the Mortgage Loan amortizes to a Zero Balance, taking into account any additional prepayments, which could lead to the loan paying off earlier than its Maturity Date.

Notes

  • This field will be left blank for mortgage loans that have been modified.
  • The field belongs to the FM SFLP Template

Field Characteristics

  • FM SFLP Field Index: 18
  • Column Label: ADJ_REM_MONTHS
  • Data Type: NUMERIC
  • Data Maximum Length: 9(3)
  • Temporal Classification: Performance
  • Data Category: Loan

Implementation

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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