Event 5, Daily Simple Interest Rate Change |
  
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Navigation: Appendix A - Merge Field Descriptions (Loans) >
Event 5, Daily Simple Interest Rate Change |
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This event automatically produces an event letter when the loan rate changes on a payment method 5 or a payment method 6 (non-ARM loan).
Merge Field |
Field Mnemonic/ Calculation |
Description |
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NEW INDEX |
LNAPIN |
New index (last index) |
OLD INDEX |
TRLG |
Old (prior) index |
OLD INTEREST RATE |
TRLG |
Old (prior) interest rate |
See also: