Difference between revisions of "FM SFLP.ARM Product Type"
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| + | == Definition == | ||
| + | <b>ARM Product Type</b>: For an adjustable-rate mortgage loan, a string that denotes: | ||
| − | + | * the Initial Fixed-Rate Period | |
| − | + | * the subsequent Interest Rate Adjustment Frequency, and | |
| + | * the Original Loan Term. | ||
== Notes == | == Notes == | ||
| − | 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 == | ||
* FM SFLP Field Index: 89 | * FM SFLP Field Index: 89 | ||
| + | * Column Label: ARM_PRODUCT_TYPE | ||
* Data Type: ALPHA-NUMERIC | * Data Type: ALPHA-NUMERIC | ||
* Data Maximum Length: X(100) | * Data Maximum Length: X(100) | ||
| + | * Temporal Classification: Acquisition | ||
| + | * 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 12:39, 17 May 2024
Contents
Definition
ARM Product Type: For an adjustable-rate mortgage loan, a string that denotes:
- the Initial Fixed-Rate Period
- the subsequent Interest Rate Adjustment Frequency, and
- the Original Loan Term.
Notes
- Applicable to certain CIRT offerings.
- The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 89
- Column Label: ARM_PRODUCT_TYPE
- Data Type: ALPHA-NUMERIC
- Data Maximum Length: X(100)
- Temporal Classification: Acquisition
- 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
