FM SFLP.Interest Only Loan Indicator

Definition

Interest Only Loan Indicator: An indicator that denotes whether a Mortgage Loan only requires interest payments for a specified period of time beginning with the first payment date (Interest Only Loan).

Notes

• Valid Values:
  • Y = Yes
  • N = No.
• The field belongs to the FM SFLP Template

Field Characteristics

• FM SFLP Field Index: 37
• Column Label: IO
• Data Type: Boolean
• Data Maximum Length: X(1)
• Temporal Classification: Performance
• Data Category: Loan

Implementation

• openNPL repository

Learn More

• Mortgage Modeling Courses

Discuss

• Commons Mortgage Modeling Discussions
• Commons openNPL Discussions

Disclaimer

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