FM SFLP.Amortization Type
From Open Risk Manual
Revision as of 14:49, 17 January 2023 by Wiki admin (talk | contribs) (Created page with " == Definition == <b>Amortization Type</b>.: The classification of the loan as having either a fixed- or an adjustable-interest rate at the time the loan was originated. == N...")
Definition
Amortization Type.: The classification of the loan as having either a fixed- or an adjustable-interest rate at the time the loan was originated.
Notes
Adjustable Rate Mortgages = ARM; Fixed Rate Mortgages = FRM.
The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 35
- Data Type: Choice
- Data Maximum Length: X(3)
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
