Navigation:  Loan Screens > Account Information Screen Group > ARM Information Screen > ARM Rates & P/I Tables tab > Rate Information field group > Index 1-12

Entry: User, numeric, 7 digits (not including the decimal)

F/M: Yes

Mnemonic: LNNDX1- LNNDX9, LNNDXA, LNNDXB, and LNNDXC

Screen: Loans > Account Information >ARM Information > ARM Rates & P/I Tables tab

 

The Index field displays the index value used in calculating each corresponding New Rate field. The two fields generally are different by the value of the margin. However, they may be different due to rate caps, ceilings or floors (lifetime maximum or lifetime minimum fields).