How much faster will a mortgage pool with a PSA of 150 be prepaid as compared to the benchmark?

Name: How much faster will a mortgage pool with a PSA of 150 be prepaid as compared to the benchmark?
Brand: Quizplus
Rating: 4.9 (48 reviews)

Question

Quizplus · Accepted Answer

The PSA (Public Securities Association) benchmark assumes a certain rate of prepayment speed. A PSA of 100 is considered the standard or benchmark prepayment speed. A PSA of 150 means that prepayments are expected to occur at 150% of the benchmark speed, or 1.5 times faster than the benchmark.

How Much Faster Will a Mortgage Pool with a PSA