use_caps_amort

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use_caps_amort_limit

use_caps_amort_limit (variable)

Negative amortization caps use flag

Declared as: int

Description: When the negative amortization limit (neg_amort_limit) is exceeded the payment is recast. If this variable is 1 then the payment caps will be used in calculating the new payment. If it is 0 they will not

See also pmt_cap_life, pmt_cap_reset, pmt_floor_life, pmt_floor_reset which are used in conjunction with this variable

Valid values:

  1 = use payment caps and floors
  0 = do not use payment caps and floors

Doc Version: 5.0