enow.com Web Search

Search results

  1. Results from the WOW.Com Content Network
  2. PSA prepayment model - Wikipedia

    en.wikipedia.org/wiki/PSA_prepayment_model

    The PSA prepayment model is a prepayment scale developed by the Public Securities Association in 1985 for analyzing American mortgage-backed securities.The PSA model assumes increasing prepayment rates for the first 30 months after mortgage origination and a constant prepayment rate thereafter. [1]

  3. Prepayment of loan - Wikipedia

    en.wikipedia.org/wiki/Prepayment_of_loan

    Prepayment speeds can be expressed in SMM (single monthly mortality), CPR (conditional prepayment rate, which is the annually compounded SMM), or PSA (percentage of the Public Securities Association prepayment model). For mortgages at least 30 months old, 100% PSA = 6.0% CPR = 0.51% SMM, equivalent to the full prepayment of 6% of a pool's ...

  4. Collateralized mortgage obligation - Wikipedia

    en.wikipedia.org/wiki/Collateralized_mortgage...

    Planned Amortization Class (PAC) bonds have a principal payment rate determined by two different prepayment rates, which together form a band (also called a collar). Early in the life of the CMO, the prepayment at the lower PSA will yield a lower prepayment. Later in the life, the principal in the higher PSA will have declined enough that it ...

  5. What is a prepayment penalty? - AOL

    www.aol.com/finance/prepayment-penalty-165152113...

    A prepayment penalty is a fee a lender charges to discourage a borrower from paying more than their scheduled periodic payment or completely paying off their loan under the terms of the loan ...

  6. Mortgage-backed security - Wikipedia

    en.wikipedia.org/wiki/Mortgage-backed_security

    The price of an MBS pool is influenced by prepayment speed, usually measured in units of CPR or PSA. When a mortgage refinances or the borrower prepays during the month, the prepayment measurement increases. If an investor has acquired a pool at a premium (>100), as is common for higher coupons, then they are at risk for prepayment. If the ...

  7. What to know about HELOC prepayment penalties - AOL

    www.aol.com/finance/know-heloc-prepayment...

    The exact amount of a prepayment penalty varies from one lender to the next. In general, you can expect the fee to range from 2 percent to 5 percent of your loan. In some cases, the fee the lender ...

  8. Securitization - Wikipedia

    en.wikipedia.org/wiki/Securitization

    Prepayment uncertainty is an important concern with fully amortizing ABS. The possible rate of prepayment varies widely with the type of underlying asset pool, so many prepayment models have been developed to try to define common prepayment activity. The PSA prepayment model is a well-known example. [7] [9]

  9. Renewable Energy Derivative - Wikipedia

    en.wikipedia.org/wiki/Renewable_Energy_Derivative

    Prepayment uncertainty is an important concern with fully amortizing ABS. The possible rate of prepayment varies widely with the type of underlying asset pool, so many prepayment models have been developed in an attempt to define common prepayment activity. The PSA prepayment model is a well-known example.