FM SFLP.ARM Initial Fixed-Rate Period Less Than 5 YR
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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
- 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
