Difference between revisions of "FM SFLP.ARM Product Type"
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== Definition == | == Definition == | ||
| − | <b>ARM Product Type</b>: For an adjustable-rate mortgage loan, a string that denotes | + | <b>ARM Product Type</b>: For an adjustable-rate mortgage loan, a string that denotes: |
* the Initial Fixed-Rate Period | * the Initial Fixed-Rate Period | ||
* the subsequent Interest Rate Adjustment Frequency, and | * the subsequent Interest Rate Adjustment Frequency, and | ||
| Line 7: | Line 6: | ||
== 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 == | ||
Revision as of 19:02, 16 May 2024
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)
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
