Data Dictionary
Item Number 6536
INTEREST ONLY STRIPS, FIXED-RATE RESIDUALS AND FLOATING-RATE RESIDUALS (PRINCIPAL AMOUNT OF UNDERLYING COLLATERAL) - UNDERLYING COLLATERAL RATES - WEIGHTED AVERAGE REMAINING TERM (IN MONTHS)Call confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| SVG56536 | 1989-06-30 | 1992-12-31 | Yes | Multiple Forms |
| SVG66536 | 1989-06-30 | 1992-12-31 | Yes | Multiple Forms |
| SVG76536 | 1989-06-30 | 1992-12-31 | Yes | Multiple Forms |
| SVG86536 | 1989-06-30 | 1992-12-31 | Yes | Multiple Forms |
| SVGL6536 | 1989-06-30 | 1992-12-31 | Yes | Multiple Forms |
Data Description:
Includes the weighted average remaining term in months. Example: Assume an institution has purchased two FNMA Interest Only Strips. The first has an underlying collateral pool with outstanding principal of $100, a weighted average coupon rate of 10.50% on the mortgages in the pool and a weighted average remaining term of 360 months. (The rate on the underlying collateral is used as opposed to the pass-through rate on an Agency Security.) The second has an underlying collateral pool with outstanding principal of $200, a weighted average coupon rate of 11.75% and a weighted average remaining term of 330 months.
The institution reports $100 in the More Than 20 Years column opposite the 10.00 - 10.99% category (Line H774) and $200 in the More Than 20 Years column opposite the 11.00 - 11.99% category (Line H778).
Weighted Average = $100(360 months) + $200(330 months) = $300 Remaining Term = 340 Months
Institutions should obtain underlying collateral characteristics prior to purchase. See item 6529 for the definition of "Floating-Rate Residuals" and "Fixed-Rate Residuals".
NOTE:
Data reported under mnemonics SVG5 thru SVG8.