FM SFLP.Initial Fixed-Rate Period
From Open Risk Manual
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_FIRST_PAYMENT_RESET
- Data Type: NUMERIC
- Data Maximum Length: 9(4)
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
