Difference between revisions of "FM SFLP.ARM Initial Fixed-Rate Period Less Than 5 YR"
From Open Risk Manual
Wiki admin (talk | contribs) |
Wiki admin (talk | contribs) |
||
| Line 4: | Line 4: | ||
== Notes == | == Notes == | ||
| − | Y = Yes | + | * Y = Yes |
| + | * N = No | ||
| + | |||
Applicable to certain CIRT offerings. | Applicable to certain CIRT offerings. | ||
Revision as of 18:20, 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
