How to Model a 5/1 Hybrid ARM Mortgage in Risk Manager
Last updated on JUNE 01, 2009
Applies to:Oracle Financial Services Applications (OFSA) 4.5
Oracle Risk Manager - Version: 4.5 to 4.5.39
Information in this document applies to any platform.
Note: A 5/1 hybrid arm mortgage has an initial five year fixed interest rate. After this initial five-year period, the interest rate begins to adjust on an annual basis according to an index plus a margin.
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