FNMA 6 month to 5/1 ARMs calculate the qualifying rate by adding 2% to the note rate. When exporting a scenario to encompass, two fields are available, note rate and qualifying rate. These are currently the same number, overwriting what is in Encompass, but 5/1 and lower ARMS should be 2% higher OR not overwrite what is in Encompass.
Josh will be creating new tickets for this one.
|Impact to Existing Customers||Multiple|