Financial and business terms. 2012.
threshold for refinancing — The point when the weighted average coupon of an MBS is at a level to induce homeowners to prepay the mortgage in order to refinance to a lower rate mortgage, generally reached when the weighted average coupon of the MBS is 2 percentage points or … Financial and business terms
Overshooting — The tendency of a pool of MBSs to reflect an especially high rate or prepayments the first time it crosses the threshold for refinancing, especially if two or more years have passed since the date of issue without the WAC of the pool having… … Financial and business terms
overshooting — The tendency of a pool of MBS to reflect an especially high rate of prepayments the first time it crosses the threshold for refinancing, specially if two or more years have passed since the date of issue without the weighted average coupon of the … Financial and business terms
Порог для рефинансирования — точка, в которой средневзвешенная процентная ставка по ценным бумагам, обеспеченным пулом ипотек, находится на уровне, побуждающем владельцев домов осуществлять предоплату по взятым ипотечным кредитам в целях изменения условия ипотечного… … Финансовый словарь
Lag response of prepayments — There is typically a lag of about three months between the time the weighted average coupon of an MBS pool has crossed the threshold for refinancing and an acceleration in prepayment speed is observed. The New York Times Financial Glossary … Financial and business terms
Steady state — As the MBS pool ages, or four to six months after it was passed at least once through the threshold for refinancing, the prepayment speed tends to stabilize within a fairly steady range. The New York Times Financial Glossary … Financial and business terms
lag response of prepayments — A 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. Bloomberg Financial Dictionary … Financial and business terms
steady state — As an MBS pool ages, or four to six months after component mortgages have passed at least once the threshold for refinancing, the prepayment speed tends to stabilize within a fairly steady range. Bloomberg Financial Dictionary … Financial and business terms
Central bank — Part of a series on Government Public finance … Wikipedia
Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… … Universalium
