FM SFLP.Original Combined Loan to Value Ratio

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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