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Repayment period |
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Repayment periodThe period over which the borrower must repay the lender.Repayment period Similar MatchesFHA prepayment experienceFHA prepayment experienceThe percentage of loans in a pool of mortgages outstanding at the origination anniversary, based on annual statistical historic survival rates for FHA-insured mortgages. PrepaymentsPrepaymentsPayments made in excess of scheduled mortgage principal repayments. Prepayment speedPrepayment speedAlso called speed, the estimated rate at which mortgagors pay off their loans ahead of schedule, critical in assessing the value of mortgage pass-through securities. Prepayment penaltyPrepayment penaltyA fee a borrower pays a lender when the borrower repays a loan before its scheduled time of maturity. Lag response of prepaymentsLag response of prepaymentsA delay of typically about three months between the time the weighted-average coupon of an MBS pool crosses the threshold for refinancing and observation of an acceleration in prepayment speed is observed. Further SuggestionsRepayment vehicleRepayment term Monthly repayment Repayment mortgage Early repayment period Prepayment penalty Repayment plan repayment mortgage prepayment fee Zero prepayment assumption |
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