Difference between revisions of "FM SFLP.ARM Balloon Indicator"
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== Definition == | == Definition == | ||
<b>ARM Balloon Indicator</b>: For an adjustable-rate mortgage loan, a code that denotes if the loan has a balloon feature. | <b>ARM Balloon Indicator</b>: For an adjustable-rate mortgage loan, a code that denotes if the loan has a balloon feature. | ||
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* Y = Yes | * Y = Yes | ||
* N = No | * N = No | ||
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Applicable to certain CIRT offerings | Applicable to certain CIRT offerings | ||
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* Data Type: Boolean | * Data Type: Boolean | ||
* Data Maximum Length: X(1) | * Data Maximum Length: X(1) | ||
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| + | == See Also == | ||
| + | * [[Baloon Risk]] | ||
== Disclaimer == | == Disclaimer == | ||
Revision as of 19:08, 16 May 2024
Definition
ARM Balloon Indicator: For an adjustable-rate mortgage loan, a code that denotes if the loan has a balloon feature.
Notes
- Y = Yes
- N = No
Applicable to certain CIRT offerings
The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 100
- Column Label: BALLOON_INDICATOR
- Data Type: Boolean
- Data Maximum Length: X(1)
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
