FM SFLP.Amortization Type
From Open Risk Manual
Definition
Amortization Type: The classification of the loan as having either a fixed or an adjustable Interest Rate at the time the loan was originated.
Notes
- 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)
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
