Difference between revisions of "FM SFLP.ARM Initial Fixed-Rate Period Less Than 5 YR"
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== Definition == | == Definition == | ||
<b>ARM Initial Fixed-Rate Period Less Than 5 YR</b>: For an adjustable-rate mortgage loan, an indicator that denotes if the Initial Fixed-Rate Period is less than or equal to five years. | <b>ARM Initial Fixed-Rate Period Less Than 5 YR</b>: 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 == | == Notes == | ||
| − | * Y = Yes | + | * Valid Values: |
| − | * N = No | + | ** Y = Yes |
| − | + | ** N = No | |
| − | + | * Applicable to certain CIRT offerings. | |
| − | Applicable to certain CIRT offerings. | + | * The field belongs to the [[FM SFLP Template]] |
| − | |||
| − | The field belongs to the [[FM SFLP Template]] | ||
== Field Characteristics == | == Field Characteristics == | ||
Revision as of 19:02, 16 May 2024
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
- Valid Values:
- 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
