Difference between revisions of "FM SFLP.Mortgage Margin"

Revision as of 19:07, 16 May 2024

Definition

Mortgage Margin: For an adjustable-rate mortgage loan, the rate that is added to the index value to establish the new interest rate (after applying all applicable caps and floors) accruing on the loan at each interest rate change date.

Notes

Applicable to certain CIRT offerings.

The field belongs to the FM SFLP Template

Field Characteristics

FM SFLP Field Index: 99
Column Label: MARGIN
Data Type: NUMERIC
Data Maximum Length: 9.(2).9999

Disclaimer

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

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	== Definition ==		== Definition ==
	<b>Mortgage Margin</b>: For an adjustable-rate mortgage loan, the rate that is added to the index value to establish the new interest rate (after applying all applicable caps and floors) accruing on the loan at each interest rate change date.		<b>Mortgage Margin</b>: For an adjustable-rate mortgage loan, the rate that is added to the index value to establish the new interest rate (after applying all applicable caps and floors) accruing on the loan at each interest rate change date.