Difference between revisions of "FM SFLP.ARM Initial Fixed-Rate Period Less Than 5 YR"
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== Definition == | == Definition == | ||
| − | <b>ARM Initial Fixed-Rate Period Less Than 5 YR</b> | + | <b>ARM Initial Fixed-Rate Period Less Than 5 YR</b>: For an adjustable-rate mortgage loan, an indicator that denotes if the Initial Fixed-Rate Period is less than or equal to five years. |
== Notes == | == Notes == | ||
| Line 12: | Line 12: | ||
== Field Characteristics == | == Field Characteristics == | ||
* FM SFLP Field Index: 88 | * FM SFLP Field Index: 88 | ||
| + | * Column Label: ARM_5_YR_INDICATOR | ||
* Data Type: Boolean | * Data Type: Boolean | ||
* Data Maximum Length: X(1) | * Data Maximum Length: X(1) | ||
Revision as of 15:15, 17 January 2023
Definition
ARM Initial Fixed-Rate Period Less Than 5 YR: For an adjustable-rate mortgage loan, an indicator that denotes if the Initial Fixed-Rate Period is less than or equal to five years.
Notes
Y = Yes; N = No
Applicable to certain CIRT offerings.
The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 88
- Column Label: ARM_5_YR_INDICATOR
- Data Type: Boolean
- Data Maximum Length: X(1)
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
