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Adjusted Mortgage Loan field group |
  
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Navigation: Loans > Loan Screens > Account Information Screen Group > Call Report Classifications Screen >
Adjusted Mortgage Loan field group
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Adjusted Mortgage Loan field group |
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Use this field group to view and edit adjusted mortgage information about the selected customer loan account as it will be appear in Call Reports.
See the Loans > Account Information > ARM Information screen help for more information about adjusted mortgage loans.
The fields in this field group are as follows:
Field |
Description |
AML Accrual Rate Lifetime Ceiling/Floor
Mnemonic: LNAMHI, LNAMLO |
Use these fields to indicate the maximum and minimum interest rates that are allowed on the loan during its lifetime. |
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Mnemonic: LNAMRT |
Use this field to indicate the rate at which interest is accrued on the loan. |
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Mnemonic: LNAMMX |
Use this field to indicate the maximum amount the Principal Balance can be increased due to deferred interest (negative amortization). At the time a payment method 7 loan is opened using a 680 tran code, the system will automatically enter 125% of the original loan amount in this field. This is a required field for all payment method 7 loans. If your institution does not allow the Principal Balance to increase, you must enter the original Principal Balance in this field. |
AML Uses Payment Caps
Mnemonic: LNPCAP |
Use this field to indicate whether a payment cap is placed on the loan. |