Product Hatching Ideas

FNMA 5/5 ARM requires a 5-Yr CMT index

Marksman products can currently be based on a 1-Year LIBOR or UST index. FNMA's new 5/5 ARM product uses a 5-Year CMT.


FNMA is releasing Oct 30




  • Jessica Baker
  • Oct 26 2017
  • Moved to Prioritzation
Rating BOB-2
Revenue or Retention? Retention
Workaround Present No
Impact to Existing Customers Multiple
Customer ID(s)
Business Value 1 - Important to a few or none, little or no impact on brand, little or no competitive advantage
Urgency 2 - Minimally time constrained
  • Attach files
  • Admin
    Lori Rezac commented
    October 26, 2017 21:04

    BOB notes:

    -the index is used to calculate the APR on the ARM loan.

    -There are 3 items that are needed with this ticket:

         -Add the CMT ARM Index (we currently have the 1 year, we need the 5 year)

         -Link the index to the product

         -Product grouping is necessary


          -APR will not be accurate outside Quote Service.

          -Rate Cloud assumes [fixed term]/1