Navigation:  Loan Screens > Investor Reporting Screen Group > Investor Group Screen > Group Information tab > Security Interest Rate

Entry: User, numeric, 7 digits

F/M: Yes

Mnemonic: IGSIR

Screen: Loans > Investor Reporting > Investor Group > Group Information tab

 

Use this field to indicate the interest rate on securities issued that are backed by the investor group being created/edited (e.g. the mortgage backed bond rate).

 

When there are multiple security interest rates on loans in the same pool, a weighted average rate is calculated by multiplying the Guaranteed Rate on each loan by the beginning security balance of the loan. This total is divided by the total of all loan beginning security balances of in the pool to calculate a weighted average.