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Zero prepayment assumption |
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Zero prepayment assumptionThe assumption of payment of scheduled principal and interest with no payments.Zero prepayment assumption Similar MatchesPrepayment 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. FHA 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. Prepayment penaltyPrepayment penaltyLenders can impose a penalty on a borrower who pays a loan off before its expected end date. Prepayment penaltyPrepayment penaltyA fee a borrower pays a lender when the borrower repays a loan before its scheduled time of maturity. PrepaymentsPrepaymentsPayments made in excess of scheduled mortgage principal repayments. Further SuggestionsLag response of prepaymentsprepayment fee |
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