Difference between revisions of "FM SFLP.Remaining Months To Maturity"
From Open Risk Manual
Wiki admin (talk | contribs) (Created page with " == Definition == <b>Remaining Months To Maturity</b>.: The number of calendar months remaining until the outstanding unpaid principal balance of the mortgage loan amortizes t...") |
Wiki admin (talk | contribs) |
||
| (2 intermediate revisions by the same user not shown) | |||
| Line 1: | Line 1: | ||
| − | |||
== Definition == | == Definition == | ||
| − | <b>Remaining Months To Maturity</b> | + | <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]]. |
== Notes == | == Notes == | ||
| − | This field will be left blank for mortgage loans that have been modified. | + | * This field will be left blank for mortgage loans that have been modified. |
| − | + | * The field belongs to the [[FM SFLP Template]] | |
| − | The field belongs to the [[FM SFLP Template]] | ||
== Field Characteristics == | == Field Characteristics == | ||
* FM SFLP Field Index: 18 | * FM SFLP Field Index: 18 | ||
| + | * Column Label: ADJ_REM_MONTHS | ||
* 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
