FM SFLP.Initial Fixed-Rate Period

The printable version is no longer supported and may have rendering errors. Please update your browser bookmarks and please use the default browser print function instead.

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

Disclaimer

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

__SHOWFACTBOX__