FM SFLP.ARM Balloon Indicator

Definition

ARM Balloon Indicator: For an adjustable-rate mortgage loan, a code that denotes if the loan has a balloon feature.

Notes

• Valid Values:
  • 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)
• Temporal Classification: Acquisition
• Data Category: Loan

Implementation

• openNPL repository

Learn More

• Mortgage Modeling Courses

Discuss

• Commons Mortgage Modeling Discussions
• Commons openNPL Discussions

See Also

• Baloon Risk

Disclaimer

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