| EXTENSION | |
| IndexAveragingIndicator | Indicates that several interest rates are to be averaged to calculate the new interest rate for an ARM change. The average interest rate value, if rate averaging is indicated, is used when the interest rate calculation method indicates some use of a specified rate.A data type of Indicator SHOULD identify a data point that represents a boolean value.
The value choices SHOULD be "true" or "false" but MAY be "1" or "0".
EXAMPLE: A Basement Finished Indicator for a basement that qualifies would be expressed as "true". |
| IndexAveragingType | Indicates if and how multiple index values are to be averaged to arrive at the value to be used in the interest rate calculation.Indicates if and how multiple index values are to be averaged to arrive at the value to be used in the interest rate calculation. |
| IndexAveragingValueCount | The number of index values that should be averaged to arrive at the value to be used in the interest rate calculation. Used in conjunction with the Per Change Index Averaging Type which indicates how to arrive at the values to be counted and used for averaging.A data type of Count SHOULD identify a non-negative number value that is a whole number with a maximum value of 2147483647. It SHALL NOT contain any punctuation.
EXAMPLE: A Total Bathroom Count for a dwelling unit with one full bathroom and one partial bathroom would be expressed as "2". |
| IndexCalculationMethodType | Indicates the method used to determine the index rate used to calculate the new interest rate.Indicates the method used to determine the index rate used to calculate the new interest rate. |
| IndexDesignationType | Specifies whether the index is the primary or secondary.Specifies whether the index is the primary or secondary. |
| IndexLeadMonthsCount | The number of months prior to an interest rate effective date used to determine the date for the index value when calculating a new interest rate on a loan. Combined with Per Change Index Lead Days Count, with number of Months utilized first to arrive at the total lead time. The first of two possible sets of index data if index averaging is used.A data type of Count SHOULD identify a non-negative number value that is a whole number with a maximum value of 2147483647. It SHALL NOT contain any punctuation.
EXAMPLE: A Total Bathroom Count for a dwelling unit with one full bathroom and one partial bathroom would be expressed as "2". |
| IndexLookbackType | Specifies the point in time prior to the effective date of the payment adjustment at which date the effective value of the published index is taken to compute the new payment.Specifies the point in time prior to the effective date of the payment adjustment at which date the effective value of the published index is taken to compute the new payment. |
| IndexLookbackTypeOtherDescription | A free-form text field used to collect additional information when Other is selected for Loan Index Lookback Type.A data type of String SHOULD identify a data point that is either a text value consisting of a word, phrase, sentence, paragraph, or formatted (TAB, CR, LF) character content depending on its purpose or a numeric value with a maximum of 16383 characters and MAY have the lang attribute. There is no list of valid values provided.
EXAMPLE: A Disqualificaton Reason Text for excluding a product from those offered to a borrower could be expressed as "Does not meet income to indebtedness guidelines for down payment support.". |
| IndexRoundingPercent | The percentage to which the index is rounded prior to use in the calculation of the new interest rate. This field is used in conjunction with the Index Rounding Type which indicates how rounding should occur.A data type of Percent SHOULD identify a number value that is in the subset of real numbers expressible by decimal numerals and represents a value that is scaled upward by 100 so that 1/100 is represented by 1. It MAY contain a single decimal point as punctuation. The decimal point is ALWAYS the US nationalization character (.) in the designated character encoding (UTF-8 assumed when not stated.)
It SHOULD be able to contain at least 18 digits.
EXAMPLE: A Tax Rate Percent for a rate of .055 be expressed as "5.5". |
| IndexRoundingTimingType | Describes when rounding occurs relative to the minimum index movement rule.Describes when rounding occurs relative to the minimum index movement rule. |
| IndexRoundingType | Indicates how the index is rounded prior to use in the calculation of the new interest rate. The index can be rounded up, down or to the nearest factor. This field is used in conjunction with Index Rounding Factor which indicates the percentage to which the rounding occurs.Indicates how the index is rounded prior to use in the calculation of the new interest rate. The index can be rounded up, down or to the nearest factor. This field is used in conjunction with Index Rounding Factor which indicates the percentage to which the rounding occurs. |
| IndexSourceType | Specifies the type and source of index to be used to determine the interest rate at each adjustment.Specifies the type and source of index to be used to determine the interest rate at each adjustment. |
| IndexSourceTypeOtherDescription | A free-form text field used to collect additional information or a description of the index, used when Other is selected for the attribute Index Source Type.A data type of String SHOULD identify a data point that is either a text value consisting of a word, phrase, sentence, paragraph, or formatted (TAB, CR, LF) character content depending on its purpose or a numeric value with a maximum of 16383 characters and MAY have the lang attribute. There is no list of valid values provided.
EXAMPLE: A Disqualificaton Reason Text for excluding a product from those offered to a borrower could be expressed as "Does not meet income to indebtedness guidelines for down payment support.". |
| IndexType | Specifies the general category of mortgage index upon which adjustments will be based.Specifies the general category of mortgage index upon which adjustments will be based. |
| IndexTypeOtherDescription | A free-form text field to collect additional information when Other is selected for Index Type.A data type of String SHOULD identify a data point that is either a text value consisting of a word, phrase, sentence, paragraph, or formatted (TAB, CR, LF) character content depending on its purpose or a numeric value with a maximum of 16383 characters and MAY have the lang attribute. There is no list of valid values provided.
EXAMPLE: A Disqualificaton Reason Text for excluding a product from those offered to a borrower could be expressed as "Does not meet income to indebtedness guidelines for down payment support.". |
| InterestAdjustmentIndexLeadDaysCount | The number of days prior to an interest rate effective date used to determine the date for the index value when calculating a new interest rate on a loan.A data type of Count SHOULD identify a non-negative number value that is a whole number with a maximum value of 2147483647. It SHALL NOT contain any punctuation.
EXAMPLE: A Total Bathroom Count for a dwelling unit with one full bathroom and one partial bathroom would be expressed as "2". |
| InterestAndPaymentAdjustmentIndexLeadDaysCount | The number of days prior to an interest rate effective date used to determine the date for the index value when calculating both a new interest rate and a principal and interest payment.A data type of Count SHOULD identify a non-negative number value that is a whole number with a maximum value of 2147483647. It SHALL NOT contain any punctuation.
EXAMPLE: A Total Bathroom Count for a dwelling unit with one full bathroom and one partial bathroom would be expressed as "2". |
| MinimumIndexMovementRatePercent | The smallest financial index movement that requires an interest rate change. If the movement is less than this percent, then the interest rate will not change at the time of a scheduled adjustment.A data type of Percent SHOULD identify a number value that is in the subset of real numbers expressible by decimal numerals and represents a value that is scaled upward by 100 so that 1/100 is represented by 1. It MAY contain a single decimal point as punctuation. The decimal point is ALWAYS the US nationalization character (.) in the designated character encoding (UTF-8 assumed when not stated.)
It SHOULD be able to contain at least 18 digits.
EXAMPLE: A Tax Rate Percent for a rate of .055 be expressed as "5.5". |
| PaymentsBetweenIndexValuesCount | The number of payments between the index values that should be used for index averaging.A data type of Count SHOULD identify a non-negative number value that is a whole number with a maximum value of 2147483647. It SHALL NOT contain any punctuation.
EXAMPLE: A Total Bathroom Count for a dwelling unit with one full bathroom and one partial bathroom would be expressed as "2". |
| PaymentsToFirstIndexValueCount | The number of payments from the interest rate change payment due date to the date of the first index rate to be used in index averaging.A data type of Count SHOULD identify a non-negative number value that is a whole number with a maximum value of 2147483647. It SHALL NOT contain any punctuation.
EXAMPLE: A Total Bathroom Count for a dwelling unit with one full bathroom and one partial bathroom would be expressed as "2". |