Difference between revisions of "FM SFLP.Mortgage Margin"
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== Definition == | == Definition == | ||
| − | <b>Mortgage Margin</b> | + | <b>Mortgage Margin</b>: For an adjustable-rate mortgage loan, the rate that is added to the index value to establish the new interest rate (after applying all applicable caps and floors) accruing on the loan at each interest rate change date. |
== Notes == | == Notes == | ||
| Line 10: | Line 9: | ||
== Field Characteristics == | == Field Characteristics == | ||
* FM SFLP Field Index: 99 | * FM SFLP Field Index: 99 | ||
| + | * Column Label: MARGIN | ||
* Data Type: NUMERIC | * Data Type: NUMERIC | ||
* Data Maximum Length: 9.(2).9999 | * Data Maximum Length: 9.(2).9999 | ||
| + | * 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 13:47, 17 May 2024
Contents
Definition
Mortgage Margin: For an adjustable-rate mortgage loan, the rate that is added to the index value to establish the new interest rate (after applying all applicable caps and floors) accruing on the loan at each interest rate change date.
Notes
Applicable to certain CIRT offerings.
The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 99
- Column Label: MARGIN
- Data Type: NUMERIC
- Data Maximum Length: 9.(2).9999
- 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
