Prepayment speed

The Average rate at which Mortgage holders are expected to pay off their loans ahead of Schedule. This is used in calculating the value of Mortgage pass-though securities.

Related Terms: 7 Average, ECU, Heir, Loan, Mortgage, SEC, Schedule

Other Related Pages: Category: Real_Estate Starting With: P

Additional Related Terms: Aging schedule, Average accounting return, Average collection period, Adjustable rate, Average daily balance, Average daily balance method, Accreted value, Accrual of discount, Amortization of premium, Amortized value