Difference between revisions of "FM SFLP.ARM Plan Number"
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| + | == Definition == | ||
| + | <b>ARM Plan Number</b>: For an adjustable-rate mortgage loan, a code identifying the standardized plan under which the mortgage loan was delivered to Fannie Mae. | ||
| − | + | The ARM plan outlines the characteristics of the adjustable-rate mortgage loan, including | |
| − | + | * the ARM Index | |
| + | * the Initial Fixed-Rate Period | ||
| + | * the Cap Structure | ||
| + | * the look-back days | ||
| + | * assumability, and | ||
| + | * the option to convert to a fixed-rate mortgage loan. | ||
== Notes == | == Notes == | ||
| − | Applicable to certain CIRT offerings. | + | * Applicable to certain CIRT offerings. |
| − | + | * The list of ARM Plans can be found in Fannie Mae’s Selling Guide. . | |
| − | The list of ARM Plans can be found in Fannie Mae’s Selling Guide. . | + | * The field belongs to the [[FM SFLP Template]] |
| − | |||
| − | The field belongs to the [[FM SFLP Template]] | ||
== Field Characteristics == | == Field Characteristics == | ||
| Line 15: | Line 20: | ||
* Data Type: NUMERIC | * Data Type: NUMERIC | ||
* Data Maximum Length: 9(4) | * Data Maximum Length: 9(4) | ||
| + | * Temporal Classification: Acquisition | ||
| + | * Data Category: Loan | ||
| + | |||
| + | == Implementation == | ||
| + | * [https://github.com/open-risk/openNPL openNPL repository] | ||
| + | |||
| + | == Learn More == | ||
| + | * [https://www.openriskacademy.com/course/index.php?categoryid=37 Mortgage Modeling Courses] | ||
| + | == Discuss == | ||
| + | * [https://www.openriskcommons.org/c/academy/mortgage-modeling/35 Commons Mortgage Modeling Discussions] | ||
| + | * [https://www.openriskcommons.org/c/open-source/opennpl/13 Commons openNPL Discussions] | ||
== Disclaimer == | == Disclaimer == | ||
This information is provided as is. Refer to the [[FM SFLP Template]] for pointers to definitive instructions about hte SFLP data templates | This information is provided as is. Refer to the [[FM SFLP Template]] for pointers to definitive instructions about hte SFLP data templates | ||
Latest revision as of 12:38, 17 May 2024
Contents
Definition
ARM Plan Number: For an adjustable-rate mortgage loan, a code identifying the standardized plan under which the mortgage loan was delivered to Fannie Mae.
The ARM plan outlines the characteristics of the adjustable-rate mortgage loan, including
- the ARM Index
- the Initial Fixed-Rate Period
- the Cap Structure
- the look-back days
- assumability, and
- the option to convert to a fixed-rate mortgage loan.
Notes
- Applicable to certain CIRT offerings.
- The list of ARM Plans can be found in Fannie Mae’s Selling Guide. .
- The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 101
- Column Label: PLAN_NUMBER
- Data Type: NUMERIC
- Data Maximum Length: 9(4)
- Temporal Classification: Acquisition
- Data Category: Loan
Implementation
Learn More
Discuss
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
