Difference between revisions of "FM SFLP.ARM Product Type"
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== Definition == | == Definition == | ||
| − | <b>ARM Product Type</b>: For an adjustable-rate mortgage loan, a string that denotes the Initial Fixed-Rate Period | + | <b>ARM Product Type</b>: 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 == | == Notes == | ||
Latest revision as of 18:21, 17 January 2023
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
