Difference between revisions of "FM SFLP.Debt-To-Income"
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== Definition == | == Definition == | ||
<b>Debt-To-Income</b>: DTI is the [[Debt to Income Ratio | ratio]] obtained by dividing the total monthly debt expense by the total monthly income of the [[Borrower]] at the time the [[Mortgage Loan]] was originated. | <b>Debt-To-Income</b>: DTI is the [[Debt to Income Ratio | ratio]] obtained by dividing the total monthly debt expense by the total monthly income of the [[Borrower]] at the time the [[Mortgage Loan]] was originated. | ||
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* Data Type: NUMERIC | * Data Type: NUMERIC | ||
* Data Maximum Length: 9(2) | * Data Maximum Length: 9(2) | ||
| + | * Temporal Classification: Acquisition | ||
| + | * Data Category: Counterparty | ||
| + | |||
| + | == 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 14:40, 17 May 2024
Contents
Definition
Debt-To-Income: DTI is the ratio obtained by dividing the total monthly debt expense by the total monthly income of the Borrower at the time the Mortgage Loan was originated.
Notes
- For values outside the allowable range, or if unknown, or if the mortgage loan is a HARP refinance, this value will be blank.
- The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 23
- Column Label: DTI
- Data Type: NUMERIC
- Data Maximum Length: 9(2)
- Temporal Classification: Acquisition
- Data Category: Counterparty
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
