Difference between revisions of "FM SFLP.Initial Fixed-Rate Period"
From Open Risk Manual
Wiki admin (talk | contribs) (Created page with " == Definition == <b>Initial Fixed-Rate Period</b>.: For an adjustable-rate mortgage loan, the number of months between the first full month the mortgage loan accrues interest...") |
Wiki admin (talk | contribs) |
||
| Line 1: | Line 1: | ||
== Definition == | == Definition == | ||
| − | <b>Initial Fixed-Rate Period</b> | + | <b>Initial Fixed-Rate Period</b>: For an adjustable-rate mortgage loan, the number of months between the first full month the mortgage loan accrues interest and the initial interest rate change date. |
== Notes == | == Notes == | ||
| Line 10: | Line 10: | ||
== Field Characteristics == | == Field Characteristics == | ||
* FM SFLP Field Index: 90 | * FM SFLP Field Index: 90 | ||
| + | * Column Label: MONTHS_UNTIL_FIRST_PAYMENT_RESET | ||
* Data Type: NUMERIC | * Data Type: NUMERIC | ||
* Data Maximum Length: 9(4) | * Data Maximum Length: 9(4) | ||
Revision as of 15:15, 17 January 2023
Definition
Initial Fixed-Rate Period: For an adjustable-rate mortgage loan, the number of months between the first full month the mortgage loan accrues interest and the initial interest rate change date.
Notes
Applicable to certain CIRT offerings.
The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 90
- Column Label: MONTHS_UNTIL_FIRST_PAYMENT_RESET
- Data Type: NUMERIC
- Data Maximum Length: 9(4)
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
