Meaning constant prepayment rate
What does constant prepayment rate mean? Here you find 2 meanings of the word constant prepayment rate. You can also add a definition of constant prepayment rate yourself
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constant prepayment rateThe percentage of outstanding mortgage loan principal that prepays in one year, based on the annualization of the Single Monthly Mortality (SMM), which reflects the outstanding mortgage loan principal that prepays in one month.
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constant prepayment rateThe percentage of outstanding mortgage loan principal that prepays in one year, based on an annualized Single Monthly Mortality (SMM), which reflects the outstanding mortgage loan principal that prepa [..]
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