| PRINCIPAL_AND_INTEREST_PAYMENT_LIFETIME_ADJUSTMENT_RULE |
| EntityType | Dependent |
| Logical Entity Name | PRINCIPAL_AND_INTEREST_PAYMENT_LIFETIME_ADJUSTMENT_RULE |
| Default Table Name | DEAL/SERVICES/SERVICE/CREDIT/CREDIT_RESPONSE/LOANS/LOAN/ADJUSTMENT/PRINCIPAL_AND_INTEREST_PAYMENT_ADJUSTMENT/PRINCIPAL_AND_INTEREST_PAYMENT_LIFETIME_ADJUSTMENT_RULE |
| Definition | Data that describes the rules that that apply to principal and interest payment adjustments in effect for the entire life of the loan or for a single unique occurrence such as a first rate adjustment. In general the element are usually known at the time of closing. |
| Note |
| PRINCIPAL_AND_INTEREST_PAYMENT_LIFETIME_ADJUSTMENT_RULE Attributes |
| Attribute/Logical Rolename | Domain | Datatype | NULL | Definition |
| FinalPrincipalAndInterestPaymentChangeDate | MISMODate | DATE | NO | The last date that a scheduled principal and interest payment change will occur. |
| FirstPrincipalAndInterestPaymentChangeDate | MISMODate | DATE | NO | The date of the first scheduled principal and interest payment change. This date typically occurs in an ARM transaction. |
| FirstPrincipalAndInterestPaymentChangeMonthsCount | MISMOCount | INTEGER | NO | The number of months after origination in which the first payment adjustment occurs. |
| GEMPayoffYearsCount | MISMOCount | INTEGER | NO | The number of years in which a Growing Equity Mortgage (GEM) is calculated to be fully repaid using the original payment amount. |
| GPMAndGEMPrincipalAndInterestPaymentChangesCount | MISMOCount | INTEGER | NO | The number of principal and interest payment changes dictated on the loan document for a Graduated Payment Mortgage (GPM) or Growth Equity Mortgage (GEM) loan. |
| GPMMultiplierRatePercent | MISMOPercent | DECIMAL(0, 2) | NO | The percent used to calculate the new monthly Graduated Payment Amount. |
| InitialPaymentDiscountPercent | MISMOPercent | DECIMAL(0, 2) | NO | Percent value used to calculate the discounted initial payment amount when it is not the fully-amortized amount. |
| PaymentAdjustmentLifetimeCapAmount | MISMOAmount | DECIMAL(0, 2) | NO | The maximum dollar amount increase to the original principal and interest payment allowed during the life of the loan. |
| PaymentAdjustmentLifetimeCapPercent | MISMOPercent | DECIMAL(0, 2) | NO | The maximum percentage of the payment increase allowed during the life of the loan. Expressed as percentage of the payment amount. |
| PaymentsBetweenPrincipalAndInterestPaymentChangesCount | MISMOCount | INTEGER | NO | The number of payments between scheduled principal and interest payment changes. |
| PrincipalAndInterestCalculationPaymentPeriodType | PrincipalAndInterestCalculationPaymentPeriodEnum | VARCHAR(0) | YES | Specifies the payment period used to calculate the principal and interest payment. |
| PrincipalAndInterestCalculationPaymentPeriodTypeOtherDescription | MISMOString | VARCHAR(0) | NO | A free form text field used to collect additional information when Other is selected for Principal And Interest Calculation Payment Period Type. |
| PrincipalAndInterestPaymentDecreaseCapType | PrincipalAndInterestPaymentDecreaseCapEnum | VARCHAR(0) | YES | Defines the optionality of a principal and interest payment cap when the principal and interest payment is adjusting downward. |
| PrincipalAndInterestPaymentFinalRecastType | PrincipalAndInterestPaymentFinalRecastEnum | VARCHAR(0) | YES | Describes the principal and interest recast behavior at the end of the loan term. |
| PrincipalAndInterestPaymentFinalRecastTypeOtherDescription | MISMOString | VARCHAR(0) | NO | A free form text field used to collect additional information when Other is selected for Principal and Interest Payment Final Recast Type |
| PrincipalAndInterestPaymentIncreaseCapType | PrincipalAndInterestPaymentIncreaseCapEnum | VARCHAR(0) | YES | Defines the optionality of a principal and interest payment cap when the principal and interest payment is adjusting upward. |
| PrincipalAndInterestPaymentMaximumAmount | MISMOAmount | DECIMAL(0, 2) | NO | The stated maximum principal and interest payment amount allowed over the life of the loan. |
| PrincipalAndInterestPaymentMaximumDecreaseRatePercent | MISMOPercent | DECIMAL(0, 2) | NO | The maximum number of percentage points by which the principal and interest payment can decrease from the original principal and interest payment over the life of the loan. |
| PrincipalAndInterestPaymentMaximumExtensionCount | MISMOCount | INTEGER | NO | The maximum number of payments by which the loan term can be extended for the purposes of keeping the Principle and Interest payment constant as long as possible. |
| PrincipalAndInterestPaymentMinimumAmount | MISMOAmount | DECIMAL(0, 2) | NO | The stated lowest principal and interest payment amount allowed over the life of the loan. |
| PrincipalBalanceCalculationMethodType | PrincipalBalanceCalculationMethodEnum | VARCHAR(0) | YES | Indicates the method used to determine the principal balance to be used to compute the new principal and interest payment. |
| PRINCIPAL_AND_INTEREST_PAYMENT_LIFETIME_ADJUSTMENT_RULE Keys |
| Key Name | Key Type | Keys |
| PRINCIPAL_AND_INTEREST_PAYMENT_LIFETIME_ADJUSTMENT_RULE Relationships |
| Parent Relationships: |
| Entity Name | Type | Cardinality | Business Name | VerbPhrase | InversePhrase | Foreign Keys | Is Supertype |
| PRINCIPAL_AND_INTEREST_PAYMENT_ADJUSTMENT | Identifying | One to Zero or One | NO |
| Child Relationships: |
| Entity Name | Type | Cardinality | Business Name | VerbPhrase | InversePhrase | Foreign Keys | Is Subtype |
| PRINCIPAL_AND_INTEREST_PAYMENT_LIFETIME_ADJUSTMENT_RULE Check Constraints |
| Check Constraint Name | CheckConstraint |
| PRINCIPAL_AND_INTEREST_PAYMENT_LIFETIME_ADJUSTMENT_RULE Bound Attachments |
| Name | Current Value |
| PRINCIPAL_AND_INTEREST_PAYMENT_LIFETIME_ADJUSTMENT_RULE User-Defined Mappings |
| Model | Name | Description |
| PRINCIPAL_AND_INTEREST_PAYMENT_LIFETIME_ADJUSTMENT_RULE Data Movement Rules |
| Name | Type | Rule Text/Value |