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Definition of Prepayment speed
Also called speed, the estimated rate at which mortgagors pay off their loans ahead of
A modification of standard duration to account for the impact on duration of MBSs of
A prepayment model based on an assumed rate of prepayment each month of the then unpaid principal
As the MBS pool ages, or four to six months after it was passed at least once through the
The percentage of loans in a pool of mortgages outstanding at the origination
There is typically a lag of about three months between the time the weighted
Payments made in excess of scheduled mortgage principal repayments.
assumption The assumption of payment of scheduled principal and interest with no payments.
A payment made in advance of when it is treated as an expense for profit purposes.
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