element INTEREST_RATE_ADJUSTMENT

element {}INTEREST_RATE_ADJUSTMENT

Abstractfalse (This can be used in an instance)
Nillablefalse (Instance values cannot use xsi:nil)
Declared Namespacesxmlns:xsd=http://www.w3.org/2001/XMLSchema


Source

<xsd:element name="INTEREST_RATE_ADJUSTMENT">
    <
xsd:annotation>
        <
xsd:documentation xml:lang="en">Information specific to a loan's interest rate adjustment plan and its current status. Includes original and next change effective dates, carry-over rate and status information.</xsd:documentation>
    </
xsd:annotation>
    <
xsd:complexType>
        <
xsd:sequence>
            <
xsd:element ref="INTEREST_RATE_LIFETIME_ADJUSTMENT_RULE" minOccurs="0"/>
            <
xsd:element ref="INTEREST_RATE_PER_CHANGE_ADJUSTMENT_RULE" minOccurs="0"
                
maxOccurs="unbounded"/>
            <
xsd:element ref="INTEREST_RATE_PERIODIC_ADJUSTMENT_RULE" minOccurs="0"
                
maxOccurs="unbounded"/>
        </
xsd:sequence>
        <
xsd:attribute name="ID" type="xsd:ID" use="optional">
            <
xsd:annotation>
                <
xsd:documentation xml:lang="en">Provides a unique Identifier for this container and a means by which to reference this container from within this data set</xsd:documentation>
            </
xsd:annotation>
        </
xsd:attribute>
        <
xsd:attribute name="D3455" type="xsd:string" use="optional">
            <
xsd:annotation>
                <
xsd:documentation xml:lang="en">Identifies the servicers plan of the varying loan payment and/or rate change characteristics.</xsd:documentation>
            </
xsd:annotation>
        </
xsd:attribute>
        <
xsd:attribute name="D3456" use="optional">
            <
xsd:simpleType>
                <
xsd:annotation>
                    <
xsd:documentation xml:lang="en">Indicates the status of an ARM loan. An ARM loan can be active or inactive. An ARM converted to fixed rate is considered inactive.</xsd:documentation>
                </
xsd:annotation>
                <
xsd:restriction base="xsd:string">
                    <
xsd:enumeration value="ActiveARMLoan"/>
                    <
xsd:enumeration value="InactiveARMLoan"/>
                </
xsd:restriction>
            </
xsd:simpleType>
        </
xsd:attribute>
        <
xsd:attribute name="D3457" type="xsd:boolean" use="optional">
            <
xsd:annotation>
                <
xsd:documentation xml:lang="en">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.</xsd:documentation>
            </
xsd:annotation>
        </
xsd:attribute>
        <
xsd:attribute name="D3458" type="xsd:string" use="optional">
            <
xsd:annotation>
                <
xsd:documentation xml:lang="en">The cumulative unapplied difference between the calculated interest rate and the capped Interest Rate that can be used to modify the calculated interest rate at future interest rate change dates. Carryover Rate is only present if Carry-over Rate Indicator is 'true'.</xsd:documentation>
            </
xsd:annotation>
        </
xsd:attribute>
        <
xsd:attribute name="D3459" use="optional">
            <
xsd:simpleType>
                <
xsd:annotation>
                    <
xsd:documentation xml:lang="en">Indicates whether the mortgagor has exercised the option to convert the ARM loan to a fixed rate.</xsd:documentation>
                </
xsd:annotation>
                <
xsd:restriction base="xsd:string">
                    <
xsd:enumeration value="Active">
                        <
xsd:annotation>
                            <
xsd:documentation xml:lang="en">Conversion option currently active.</xsd:documentation>
                        </
xsd:annotation>
                    </
xsd:enumeration>
                    <
xsd:enumeration value="Exercised">
                        <
xsd:annotation>
                            <
xsd:documentation xml:lang="en">Mortgagor exercised option to convert to fixed rate.</xsd:documentation>
                        </
xsd:annotation>
                    </
xsd:enumeration>
                    <
xsd:enumeration value="Expired">
                        <
xsd:annotation>
                            <
xsd:documentation xml:lang="en">Conversion option has expired.</xsd:documentation>
                        </
xsd:annotation>
                    </
xsd:enumeration>
                </
xsd:restriction>
            </
xsd:simpleType>
        </
xsd:attribute>
        <
xsd:attribute name="D3460" type="xsd:string" use="optional">
            <
xsd:annotation>
                <
xsd:documentation xml:lang="en">Date of last ARM change notification mailed to Mortgagor</xsd:documentation>
            </
xsd:annotation>
        </
xsd:attribute>
        <
xsd:attribute name="D3461" type="xsd:string" use="optional">
            <
xsd:annotation>
                <
xsd:documentation xml:lang="en">The payment due date of the next rate adjustment.</xsd:documentation>
            </
xsd:annotation>
        </
xsd:attribute>
        <
xsd:attribute name="D3462" type="xsd:string" use="optional">
            <
xsd:annotation>
                <
xsd:documentation xml:lang="en">The interest rate change effective date for which the next interest rate change notice is to be sent, if notices are not sent to the mortgagor for every change.</xsd:documentation>
            </
xsd:annotation>
        </
xsd:attribute>
        <
xsd:attribute name="D3463" type="xsd:string" use="optional">
            <
xsd:annotation>
                <
xsd:documentation xml:lang="en">The due date of the next payment for which the new interest rate is calculated without regard to periodic, per change or lifetime caps.</xsd:documentation>
            </
xsd:annotation>
        </
xsd:attribute>
        <
xsd:attribute name="D3464" type="xsd:string" use="optional">
            <
xsd:annotation>
                <
xsd:documentation xml:lang="en">The due date of the payment at the first calculated interest rate change. To arrive at the actual (true) date that interest begins to accrue at the changed rate one payment period is subtracted if interest is paid in arrears.</xsd:documentation>
            </
xsd:annotation>
        </
xsd:attribute>
        <
xsd:attribute name="D3465" type="xsd:string" use="optional">
            <
xsd:annotation>
                <
xsd:documentation xml:lang="en">The original fully indexed interest rate.</xsd:documentation>
            </
xsd:annotation>
        </
xsd:attribute>
        <
xsd:attribute name="D3466" type="xsd:string" use="optional">
            <
xsd:annotation>
                <
xsd:documentation xml:lang="en">The original index value used to calculate the beginning interest rate on a loan. Under certain conditions, the original index rate is used as part of the calculation for future new interest rates.</xsd:documentation>
            </
xsd:annotation>
        </
xsd:attribute>
        <
xsd:attribute name="D3575" type="xsd:string" use="optional">
            <
xsd:annotation>
                <
xsd:documentation xml:lang="en">The number of payment periods between interest rate change dates that notices are generated, if notices are not sent to the mortgagor for every change. If a loan's interest rate changes every month but notices are only mailed once a year, 12 will be entered in this field.</xsd:documentation>
            </
xsd:annotation>
        </
xsd:attribute>
        <
xsd:attribute name="D3468" type="xsd:string" use="optional">
            <
xsd:annotation>
                <
xsd:documentation xml:lang="en">A description of any interest rate calculation period that ignores per change, periodic or lifetime interest rate limits.</xsd:documentation>
            </
xsd:annotation>
        </
xsd:attribute>
    </
xsd:complexType>
</
xsd:element>


Documentation

Information specific to a loan's interest rate adjustment plan and its current status. Includes original and next change effective dates, carry-over rate and status information.


element INTEREST_RATE_ADJUSTMENT


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