Difference between revisions of "FM SFLP.Interest Rate Adjustment Frequency"
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== Definition == | == Definition == | ||
| − | <b>Interest Rate Adjustment Frequency</b> | + | <b>Interest Rate Adjustment Frequency</b>: For an adjustable-rate mortgage loan, the number of months between scheduled rate changes. For loans with an Initial Fixed-Rate Period, the number of months between subsequent rate adjustments. |
== Notes == | == Notes == | ||
| Line 10: | Line 10: | ||
== Field Characteristics == | == Field Characteristics == | ||
* FM SFLP Field Index: 91 | * FM SFLP Field Index: 91 | ||
| + | * Column Label: MONTHS_BETWEEN_SUBSEQUENT_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
Interest Rate Adjustment Frequency: For an adjustable-rate mortgage loan, the number of months between scheduled rate changes. For loans with an Initial Fixed-Rate Period, the number of months between subsequent rate adjustments.
Notes
Applicable to certain CIRT offerings.
The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 91
- Column Label: MONTHS_BETWEEN_SUBSEQUENT_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
