DEALER-MEDIAN PREPAYMENT SPEED
The median value of all Wall Street securities dealers' prepayment speed estimates for the underlying mortgages used to form mortgage-backed securities. The prepayment speed estimates used by banks and other regulated financial enterprises to value and manage mortgage-backed security portfolios are a concern to regulators. To that end, dealer-median speeds are widely used as conservative estimates. The dealer-median prepayment speed is an important consideration, as it is the median measure of how fast mortgage borrowers will prepay their mortgages. Prepayment speed estimates are also a very important variable in mortgage-backed securities valuation and analysis. Investors and traders compete to develop more accurate proprietary models in order to outperform each other in the broader market.
POPULAR TERMS
Housing Bubble
Low Exercise Price Option - LEPO
Callable Security
Shadowing
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SEE FOREX TUTORIAL
Macroeconomics: A Brief History
Buying a Home: Closing the Deal
Connection of Inflation and Interest Rates
Digesting Financial Statements: Long-Lasting Assets
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