Difference between revisions of "FM SFLP.Metropolitan Statistical Area"
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== Definition == | == Definition == | ||
| − | <b>Metropolitan Statistical Area</b>: The numeric Metropolitan Statistical Area Code for the property securing the mortgage loan. MSAs are established by the US Office of Management and Budget. | + | <b>Metropolitan Statistical Area</b>: The numeric [[Metropolitan Statistical Area]] Code for the property securing the mortgage loan. MSAs are established by the US Office of Management and Budget. |
An area usually qualifies as an MSA if it is defined by the Bureau of the Census as an urbanized area and has a population of 50,000 or more in a total metropolitan area of at least 100,000. An MSA may consist of one or more counties. | An area usually qualifies as an MSA if it is defined by the Bureau of the Census as an urbanized area and has a population of 50,000 or more in a total metropolitan area of at least 100,000. An MSA may consist of one or more counties. | ||
Latest revision as of 13:36, 13 March 2023
Definition
Metropolitan Statistical Area: The numeric Metropolitan Statistical Area Code for the property securing the mortgage loan. MSAs are established by the US Office of Management and Budget.
An area usually qualifies as an MSA if it is defined by the Bureau of the Census as an urbanized area and has a population of 50,000 or more in a total metropolitan area of at least 100,000. An MSA may consist of one or more counties.
Notes
If the property is not in a designated MSA, the value will default to “00000.”.
The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 32
- Column Label: MSA
- Data Type: ALPHA-NUMERIC
- Data Maximum Length: X(5)
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
