FM SFLP.ARM Initial Fixed-Rate Period Less Than 5 YR
From Open Risk Manual
Definition
ARM Initial Fixed-Rate Period Less Than 5 YR: For an adjustable-rate mortgage loan, an indicator that denotes if the Initial Fixed-Rate Period is less than or equal to five years.
Notes
- Y = Yes
- N = No
Applicable to certain CIRT offerings.
The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 88
- Column Label: ARM_5_YR_INDICATOR
- Data Type: Boolean
- Data Maximum Length: X(1)
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
