| BuydownBaseDateType | The date from which the duration of the buydown is counted.The date from which the duration of the buydown is counted. |
| BuydownBaseDateTypeOtherDescription | A free-form text field used to collect additional information when Other is selected for Buydown Base Date 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.". |
| BuydownCalculationType | The value to be used to base buydown calculations. Original loan amount or declining loan amount.The value to be used to base buydown calculations. Original loan amount or declining loan amount. |
| BuydownChangeFrequencyMonthsCount | The time interval in months between interest rate increases during the buydown period. For example if the interest rate increases annually during a two year buydown, the frequency of interest rate change is 12 months.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". |
| BuydownDurationMonthsCount | The total number of months during which any buydown is in effect. This represents the accumulation of all of the buydown periods.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". |
| BuydownIncreaseRatePercent | The amount by which the interest rate can increase at each adjustment period within the buydown duration.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". |
| BuydownInitialDiscountPercent | The percent by which the interest rate was bought down at origination. For example, for a 3-2-1 buydown this would be 3.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". |
| BuydownLenderFundingIndicator | Indicates whether or not the lender is funding the interest rate buydown.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". |
| BuydownPayoffDisbursementType | Describes how the remaining buydown funds are disbursed at time of payoff.Describes how the remaining buydown funds are disbursed at time of payoff. |
| BuydownReflectedInNoteIndicator | When true, indicates that the buydown rate is reflected in the note.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". |
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