| CarryoverRateIndicator | Indicates if the difference between capped and uncapped interest rate is to be carried over and applied to a future interest rate change. If Carryover Rate Indicator is present, any accumulated rate is placed in Carryover Rate Percent.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". |
| CeilingRatePercent | The stated maximum percentage to which the interest rate can increase over the life of the loan.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". |
| CeilingRatePercentEarliestEffectiveMonthsCount | The minimum number of months at which the maximum interest rate could be reached.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". |
| DeferredInterestExclusionIndicator | Indicates that any accumulated deferred interest is excluded from the principal balance when a new payment is calculated for an ARM loan with negative amortization.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". |
| EXTENSION | |
| FirstRateChangeMonthsCount | The number of months after origination in which the first interest rate adjustment occurs, if the interest rate on the subject loan can change.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". |
| FirstRateChangePaymentEffectiveDate | The due date of the first payment reflecting the first interest rate change for the loan.A data type of Date SHOULD identify a data point that represents numerically a specific year, month and year, or day month and year of the Gregorian Calendar.
Full dates MUST be represented in the extended format CCYY-MM-DD
CCYY is a four-digit year, "0001" through "9999"
MM is a two-digit month of that year, "01" through "12"
DD is a two-digit day of that month, "01" through "31"
Padded zeros must be used.
- is the required separator between CCYY-MM-DD
if the day or month and day are dropped, the preceding separator is also dropped
an optional trailing time zone indicator is permitted using either Z (for Coordinated Universal Time UTC) or an offset from UTC using +hh:mm or -hh:mm as in Datetime
Note that negative or extended (more than 4 digit) years are not permitted.
EXAMPLE: A Next Escrow Review Date that discloses the year and month would be expressed as "2010-06". |
| FloorRatePercent | The stated minimum percentage the interest rate can decrease to over the life of the loan.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". |
| InterestRateAdjustmentCalculationMethodType | Specifies a method employed to calculate the interest rate of the loan.Specifies a method employed to calculate the interest rate of the loan. |
| InterestRateAdjustmentCalculationMethodTypeOtherDescription | A free-form text field used to collect additional information when Other is selected for Interest Rate Adjustment Calculation Method 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.". |
| InterestRateAverageValueCount | The number of interest rates that should be averaged to calculate the new interest rate for an ARM change if rate averaging is applicable.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". |
| InterestRateLifetimeAdjustmentCeilingType | Describes if a lifetime ceiling exists for the specified plan and the method of calculating the ceiling. This field used in conjunction with the Maximum Increase Rate.Describes if a lifetime ceiling exists for the specified plan and the method of calculating the ceiling. This field used in conjunction with the Maximum Increase Rate. |
| InterestRateLifetimeAdjustmentCeilingTypeOtherDescription | A free-form text field used to collect additional information when Other is selected for Interest Rate Lifetime Adjustment Ceiling 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.". |
| InterestRateLifetimeAdjustmentFloorType | Describes if a lifetime floor exists for the specified plan and the method of calculating the floor. This field used in conjunction with the Maximum Decrease Rate.Describes if a lifetime floor exists for the specified plan and the method of calculating the floor. This field used in conjunction with the Maximum Decrease Rate. |
| InterestRateLifetimeAdjustmentFloorTypeOtherDescription | A free-form text field used to collect additional information when Other is selected for Interest Rate Lifetime Adjustment Floor 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.". |
| InterestRateRoundingPercent | The percentage to which the interest rate is rounded when a new interest rate is calculated. This field is used in conjunction with Interest Rate 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". |
| InterestRateRoundingType | Specifies how the interest rate is rounded when a new interest rate is calculated for an ARM change. The interest rate can be rounded Up, Down or to the Nearest Percent. This field is used in conjunction with Interest Rate Rounding Percent which indicates the percentage to which the rounding occurs.Specifies how the interest rate is rounded when a new interest rate is calculated for an ARM change. The interest rate can be rounded Up, Down or to the Nearest Percent. This field is used in conjunction with Interest Rate Rounding Percent which indicates the percentage to which the rounding occurs. |
| InterestRateTruncatedDigitsCount | Indicated the number of digits the interest rate should be truncated to.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". |
| LoanMarginCalculationMethodType | Describes how to calculate the margin on the loan.Describes how to calculate the margin on the loan. |
| MarginRatePercent | The number of percentage points to be added to the index to arrive at the new interest rate.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". |
| MaximumDecreaseRatePercent | The maximum number of percentage points by which the interest rate can decrease from the original interest rate over the life of the loan.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". |
| MaximumIncreaseRatePercent | The maximum number of percentage points by which the interest rate can increase from the original interest rate over the life of the loan.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". |
| PaymentsBetweenInterestRateValuesCount | The number of payments between Interest Rate values that should be used if rate averaging is applicableA 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". |
| PaymentsBetweenRateChangesCount | The number of payments between rate changes.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". |
| TimelyPaymentRateReductionPercent | The percentage amount the interest rate will be reduced if payments are made in a timely manner.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". |
| TotalStepCount | The number of adjustments allowed under a step agreement during the life of the 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". |