The history of prepayment modeling is fraught with ad hoc variables. The impact of loan size continues to be an important determinant of prepayment behavior. GNMA prepayments require a separate discussion.
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Prepayment Model
The history of prepayment modeling is fraught with ad hoc variables. The impact of loan size continues to be an important determinant of prepayment behavior. GNMA prepayments require a separate discussion.
Across - The - Curve - in - Rates - and - Structured - Products - and - Across - The - Grade - in - Credit - Products - December 19, 2006 - (Bear, - Stearns - & - Co. - Inc.) PDF