Hi,
What exactly is a pool factor with reference to MBS? I can’t seem to find a reference in the index.
Thanks作者: hoangvu90 时间: 2013-4-8 22:48
pool factor is the amount of principal remains in a pool of securities.作者: studyn 时间: 2013-4-8 22:48
indicates initial mortgage balance still outstanding i.e. 50% = 50% still outstanding. the idea is to get an idea of the securities composition.
check thru your CFA texts on MBS’s and its under the “Trading and settlements procedures” heading, after Types of MBS’s and before Measuring Prepayment Rates/Speeds
i don’t have page numbers sorry作者: ASSet_MANagemen 时间: 2013-4-8 22:48
