المدربHousing turnover is the part of prepayment that comes from home sales, defaults and curtailments, rising with loan age to a plateau and insensitive to rates. The refinancing incentive is the pool’s weighted-average coupon (WAC) minus the mortgage rate a borrower could get today: refinancing is worth it when the incentive exceeds the costs of doing so.
Quantitative Finance · المسرد
ما معنى Housing turnover, refinancing incentive؟
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