Difference between revisions of "FM SFLP.Metropolitan Statistical Area"

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== Definition ==
 
== Definition ==
<b>Metropolitan Statistical Area</b>: The numeric Metropolitan Statistical Area Code for the property securing the mortgage loan. MSAs are established by the US Office of Management and Budget.  
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<b>Metropolitan Statistical Area</b>: The numeric [[Metropolitan Statistical Area]] Code for a property securing a [[Mortgage Loan]].  
  
An area usually qualifies as an MSA if it is defined by the Bureau of the Census as an urbanized area and has a population of 50,000 or more in a total metropolitan area of at least 100,000. An MSA may consist of one or more counties.
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In the US MSAs are established by the US Office of Management and Budget. An area usually qualifies as an MSA if it is defined by the Bureau of the Census as an urbanized area and has a population of 50,000 or more in a total metropolitan area of at least 100,000. An MSA may consist of one or more counties.
  
 
== Notes ==
 
== Notes ==
If the property is not in a designated MSA, the value will default to “00000.”.
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* If the property is not in a designated MSA, the value will default to “00000.”
 
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* The field belongs to the [[FM SFLP Template]]
The field belongs to the [[FM SFLP Template]]
 
  
 
== Field Characteristics ==
 
== Field Characteristics ==
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* Data Type: ALPHA-NUMERIC
 
* Data Type: ALPHA-NUMERIC
 
* Data Maximum Length: X(5)
 
* Data Maximum Length: X(5)
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* Temporal Classification: Acquisition
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* Data Category: PropertyCollateral
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== Implementation ==
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* [https://github.com/open-risk/openNPL openNPL repository]
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== Learn More ==
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* [https://www.openriskacademy.com/course/index.php?categoryid=37 Mortgage Modeling Courses]
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== Discuss ==
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* [https://www.openriskcommons.org/c/academy/mortgage-modeling/35 Commons Mortgage Modeling Discussions]
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* [https://www.openriskcommons.org/c/open-source/opennpl/13 Commons openNPL Discussions]
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== See Also ==
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* [[Statistical Area]]
  
 
== Disclaimer ==
 
== Disclaimer ==

Latest revision as of 14:56, 17 May 2024

Definition

Metropolitan Statistical Area: The numeric Metropolitan Statistical Area Code for a property securing a Mortgage Loan.

In the US MSAs are established by the US Office of Management and Budget. An area usually qualifies as an MSA if it is defined by the Bureau of the Census as an urbanized area and has a population of 50,000 or more in a total metropolitan area of at least 100,000. An MSA may consist of one or more counties.

Notes

  • If the property is not in a designated MSA, the value will default to “00000.”
  • The field belongs to the FM SFLP Template

Field Characteristics

  • FM SFLP Field Index: 32
  • Column Label: MSA
  • Data Type: ALPHA-NUMERIC
  • Data Maximum Length: X(5)
  • Temporal Classification: Acquisition
  • Data Category: PropertyCollateral

Implementation

Learn More

Discuss

See Also

Disclaimer

This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates