FM SFLP.Initial Fixed-Rate Period

Definition

Initial Fixed-Rate Period: For an adjustable-rate mortgage loan, the number of months between the first full month the mortgage loan accrues interest and the initial interest rate change date.

Notes

• Applicable to certain CIRT offerings.
• The field belongs to the FM SFLP Template

Field Characteristics

• FM SFLP Field Index: 90
• Column Label: MONTHS_UNTIL_RESET
• Data Type: NUMERIC
• Data Maximum Length: 9(4)
• Temporal Classification: Acquisition
• Data Category: Loan

Implementation

• openNPL repository

Learn More

• Mortgage Modeling Courses

Discuss

• Commons Mortgage Modeling Discussions
• Commons openNPL Discussions

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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