Difference between revisions of "FM SFLP.Current Interest Rate"
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== Definition == | == Definition == | ||
<b>Current Interest Rate</b> is the [[Interest Rate | rate of interest]] in effect for the periodic installment due for the [[Mortgage Loan]]. | <b>Current Interest Rate</b> is the [[Interest Rate | rate of interest]] in effect for the periodic installment due for the [[Mortgage Loan]]. | ||
== Notes == | == Notes == | ||
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* For a mortgage loan that has been [[Loan Modification | modified]], this value will be updated to reflect the modified terms, if applicable. | * For a mortgage loan that has been [[Loan Modification | modified]], this value will be updated to reflect the modified terms, if applicable. | ||
* The field belongs to the [[FM SFLP Template]] | * The field belongs to the [[FM SFLP Template]] | ||
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* Data Type: NUMERIC | * Data Type: NUMERIC | ||
* Data Maximum Length: 9(2).999 | * Data Maximum Length: 9(2).999 | ||
| + | * Temporal Classification: Performance | ||
| + | * Data Category: Loan | ||
| + | |||
| + | == Implementation == | ||
| + | * [https://github.com/open-risk/openNPL openNPL repository] | ||
| + | |||
| + | == Learn More == | ||
| + | * [https://www.openriskacademy.com/course/index.php?categoryid=37 Mortgage Modeling Courses] | ||
| + | |||
| + | == Discuss == | ||
| + | * [https://www.openriskcommons.org/c/academy/mortgage-modeling/35 Commons Mortgage Modeling Discussions] | ||
| + | * [https://www.openriskcommons.org/c/open-source/opennpl/13 Commons openNPL Discussions] | ||
== See Also == | == See Also == | ||
Latest revision as of 13:32, 17 May 2024
Contents
Definition
Current Interest Rate is the rate of interest in effect for the periodic installment due for the Mortgage Loan.
Notes
- For a mortgage loan that has been modified, this value will be updated to reflect the modified terms, if applicable.
- The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 9
- Column Label: CURR_RATE
- Data Type: NUMERIC
- Data Maximum Length: 9(2).999
- Temporal Classification: Performance
- Data Category: Loan
Implementation
Learn More
Discuss
See Also
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
