WAC

WAC
weighted-average coupon (WAC)
The average interest rate charged to mortgage loan borrowers in an MBS pool weighted by the size of each loan. Individual loans in an MBS pool will not usually have the same rates of interest. For example, FNMA pools may have mortgages with up to 250 basis points spread between the highest-rate and the lowest-rate loans in the pool. Investors must remember that the WAC may change over time as some loans in the pool repay faster than others. Since loan by loan information is not available, investors must rely on the original WAC throughout the life of the pool. American Banker Glossary
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The weighted average of the gross interest rates of mortgages underlying a pool as of the pool issue date; the balance of each mortgage is used as the weighting factor. Bloomberg Financial Dictionary

Financial and business terms. 2012.

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  • WAC — Women s Army Corps Short Dictionary of (mostly American) Legal Terms and Abbreviations …   Law dictionary

  • WAC — 1.) the Women s Army Corp the women s part of the US Army 2.) a member of the Women s Army Corp in the US …   Dictionary of contemporary English

  • WAC — [ wæk ] noun count a member of the WOMEN S ARMY CORPS, especially during World War II …   Usage of the words and phrases in modern English

  • WAC — 1943, American English, acronym from Women s Army Corps, formed 1943 …   Etymology dictionary

  • WAC — (Women s Army Corps) wæk n. army unit comprised of female soldiers …   English contemporary dictionary

  • WAC — abbrev. Women s Army Corps …   English World dictionary

  • Wac — ☆ Wac [wak ] n. a member of the Women s Army Corps …   English World dictionary

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