_CONVERSION_OPTION
Type : CLOSING_ARM_CONVERSION_OPTION_Type

Attributes
_EndingChangeDatePeriodDescriptionThe description of which Change Date in a series of Change Dates, when the right to exercise the Conversion Option (when the loan can be converted to a fixed interest rate) ends, e.g., Fifth.
_FeeAmountThe dollar amount that it will cost the borrower to convert the loan from an ARM to a fixed rate payment.Used on Attribute Tag Type Suffixes: Amount
_ID
_NoteTermGreaterThanFifteenYearsAdditionalPercentThe percent added to the net yield to obtain the new fixed interest rate when the original term of the Note is greater than 15 years.Used on Attribute Tag Type Suffixes: AcreageNumber, Count, Days, Months, Percent, PeriodNumber, Term, Units, Years, YearsOnJob
_NoteTermLessThanFifteenYearsAdditionalPercentThe percent added to the net yield to obtain the new fixed interest rate when the original term of the Note is less than 15 years.Used on Attribute Tag Type Suffixes: AcreageNumber, Count, Days, Months, Percent, PeriodNumber, Term, Units, Years, YearsOnJob
_PeriodEndDateThe last ARM change date in which to convert from an Arm to a Fixed interest rate.Used on Attribute Tag Type Suffixes: date, DateTime, Year
_PeriodStartDateThe first ARM change date when the loan can be converted to a fixed interest rate.Used on Attribute Tag Type Suffixes: date, DateTime, Year
_StartingChangeDatePeriodDescriptionThe description of which Change Date in a series of Change Dates, when the right to exercise the Conversion Option (when the loan can be converted to a fixed interest rate) can begin, e.g., First.
ConversionOptionPeriodFeePercentThe percentage of the loans principal balance (either original or at conversion) that the mortgagor must pay to exercise the option to convert.Used on Attribute Tag Type Suffixes: AcreageNumber, Count, Days, Months, Percent, PeriodNumber, Term, Units, Years, YearsOnJob

Parents
\LOAN\_APPLICATION\LOAN_PRODUCT_DATA\ARM