FM SFLP.ARM Product Type
From Open Risk Manual
Revision as of 19:02, 16 May 2024 by Wiki admin (talk | contribs)
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