FM SFLP.Interest Rate Adjustment Frequency
From Open Risk Manual
Definition
Interest Rate Adjustment Frequency: For an adjustable-rate mortgage loan, the number of months between scheduled rate changes. For loans with an Initial Fixed-Rate Period, the number of months between subsequent rate adjustments.
Notes
Applicable to certain CIRT offerings.
The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 91
- Column Label: MONTHS_BETWEEN_SUBSEQUENT_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
