Difference between revisions of "FM SFLP.Remaining Months To Maturity"
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== Definition == | == Definition == | ||
<b>Remaining Months To Maturity</b>: The number of calendar months remaining until the outstanding [[Unpaid Principal Balance]] of the [[Mortgage Loan]] amortizes to a [[Zero Balance]], taking into account any additional [[Prepayment | prepayments]], which could lead to the loan paying off earlier than its [[Maturity Date]]. | <b>Remaining Months To Maturity</b>: The number of calendar months remaining until the outstanding [[Unpaid Principal Balance]] of the [[Mortgage Loan]] amortizes to a [[Zero Balance]], taking into account any additional [[Prepayment | prepayments]], which could lead to the loan paying off earlier than its [[Maturity Date]]. | ||
| Line 12: | Line 11: | ||
* Data Type: NUMERIC | * Data Type: NUMERIC | ||
* Data Maximum Length: 9(3) | * Data Maximum Length: 9(3) | ||
| + | * Temporal Classification: Performance | ||
| + | * Data Category: Loan | ||
| + | |||
| + | == Implementation == | ||
| + | * [https://github.com/open-risk/openNPL openNPL repository] | ||
| + | |||
| + | == Learn More == | ||
| + | * [https://www.openriskacademy.com/course/index.php?categoryid=37 Mortgage Modeling Courses] | ||
| + | |||
| + | == Discuss == | ||
| + | * [https://www.openriskcommons.org/c/academy/mortgage-modeling/35 Commons Mortgage Modeling Discussions] | ||
| + | * [https://www.openriskcommons.org/c/open-source/opennpl/13 Commons openNPL Discussions] | ||
== Disclaimer == | == Disclaimer == | ||
Latest revision as of 14:11, 17 May 2024
Contents
Definition
Remaining Months To Maturity: The number of calendar months remaining until the outstanding Unpaid Principal Balance of the Mortgage Loan amortizes to a Zero Balance, taking into account any additional prepayments, which could lead to the loan paying off earlier than its Maturity Date.
Notes
- This field will be left blank for mortgage loans that have been modified.
- The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 18
- Column Label: ADJ_REM_MONTHS
- Data Type: NUMERIC
- Data Maximum Length: 9(3)
- Temporal Classification: Performance
- Data Category: Loan
Implementation
Learn More
Discuss
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
