Difference between revisions of "FM SFLP.Original Combined Loan to Value Ratio"

Revision as of 15:14, 17 January 2023

Definition

Original Combined Loan to Value Ratio: The ratio, expressed as a percentage, obtained by dividing the amount of all known outstanding loans at origination by the value of the property.

Notes

This field is calculated by adding together (i) the original loan amount of the first lien mortgage loan, (ii) the amount then currently drawn on a home equity line of credit as of the origination date of the underlying mortgage loan, and (iii) the outstanding principal balance of any other subordinate mortgage loan as of the origination date of the underlying mortgage loan, and dividing the resulting sum by the lower of (x) the sales price of the mortgaged property and (y) the value of the mortgaged property..

The field belongs to the FM SFLP Template

Field Characteristics

FM SFLP Field Index: 21
Column Label: OCLTV
Data Type: NUMERIC
Data Maximum Length: 9(3)

Disclaimer

This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates

@@ Line 1: / Line 1: @@
 == Definition ==
-<b>Original Combined Loan to Value Ratio</b>.: The ratio, expressed as a percentage, obtained by dividing the amount of all known outstanding loans at origination by the value of the property.
+<b>Original Combined Loan to Value Ratio</b>: The ratio, expressed as a percentage, obtained by dividing the amount of all known outstanding loans at origination by the value of the property.
 == Notes ==
@@ Line 10: / Line 10: @@
 == Field Characteristics ==
 * FM SFLP Field Index: 21
+* Column Label: OCLTV
 * Data Type: NUMERIC
 * Data Maximum Length: 9(3)