Construct · 1 fields · 1 citations

mortgage prepayment risk: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed

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Finance

the risk that borrowers repay mortgages early, typically when rates fall, changing the cash flows to lenders and mortgage security holders.

In finance, mortgage prepayment risk refers to the risk that borrowers repay mortgages early, typically when rates fall, changing the cash flows to lenders and mortgage security holders. This meaning comes from Schwartz (1989) in The Journal of Finance.[1]

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Nearby constructs

fall2 fields · 3 citationsjingle · one word, two constructs risk6 fields · 13 citationsjingle · one name, six constructs security3 fields · 3 citationsjingle · one word, three constructs

References

Schwartz, E. S., & Torous, W. N. (1989). Prepayment and the Valuation of Mortgage‐Backed Securities. The Journal of Finance, 44(2), 375-392. https://doi.org/10.1111/j.1540-6261.1989.tb05062.x

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