FM SFLP.Remaining Months To Maturity

From Open Risk Manual
Revision as of 14:11, 17 May 2024 by Wiki admin (talk | contribs)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

Definition

Remaining Months To Maturity: The number of calendar months remaining until the outstanding Unpaid Principal Balance of the Mortgage Loan amortizes to a Zero Balance, taking into account any additional prepayments, which could lead to the loan paying off earlier than its Maturity Date.

Notes

  • This field will be left blank for mortgage loans that have been modified.
  • The field belongs to the FM SFLP Template

Field Characteristics

  • FM SFLP Field Index: 18
  • Column Label: ADJ_REM_MONTHS
  • Data Type: NUMERIC
  • Data Maximum Length: 9(3)
  • Temporal Classification: Performance
  • Data Category: Loan

Implementation

Learn More

Discuss

Disclaimer

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