Difference between revisions of "FM SFLP.Mortgage Insurance Percentage"
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== Definition == | == Definition == | ||
| − | <b>Mortgage Insurance Percentage</b>: The original percentage of | + | <b>Mortgage Insurance Percentage</b>: The original percentage of [[Mortgage Insurance]] coverage obtained for an insured conventional [[Mortgage Loan]] and used following the occurrence of an [[Default Event | event of default]] to calculate the insurance benefit, as defined by the underlying master primary insurance policy. |
== Notes == | == Notes == | ||
Revision as of 18:04, 16 May 2024
Definition
Mortgage Insurance Percentage: The original percentage of Mortgage Insurance coverage obtained for an insured conventional Mortgage Loan and used following the occurrence of an event of default to calculate the insurance benefit, as defined by the underlying master primary insurance policy.
Notes
The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 34
- Column Label: MI_PCT
- Data Type: NUMERIC
- Data Maximum Length: 9(3).99
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
