FM SFLP.Amortization Type

Definition

Amortization Type: The classification of the Mortgage Loan as having either a fixed or an adjustable Interest Rate at the time the Mortgage Loan was originated.

Notes

• Valid Values:
  • Adjustable Rate Mortgages = ARM
  • Fixed Rate Mortgages = FRM.
• The field belongs to the FM SFLP Template

Field Characteristics

• FM SFLP Field Index: 35
• Column Label: PRODUCT
• Data Type: Choice
• Data Maximum Length: X(3)
• Temporal Classification: Acquisition
• Data Category: Loan

Implementation

• openNPL repository

Learn More

• Mortgage Modeling Courses

Discuss

• Commons Mortgage Modeling Discussions
• Commons openNPL Discussions

See Also

• Amortization Type

Disclaimer

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