26-30 All else equal,once a mortgage pool has aged,prior prepayments of mortgages in the pool have no bearing on the current value of the pool or the future prepayment rates of mortgages left in the pool.
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Q29: 26-28 The ability to refinance a mortgage
Q30: 26-33 The call option held by the
Q31: 26-35 A good news effect of increased
Q32: 26-34 A bad news effect of increased
Q33: 26-27 Prepayment risk means that realized cash
Q35: 26-42 Mortgage-backed bonds are a form of
Q36: 26-37 The weighted-average life of a loan
Q37: 26-36 Prepayment models are attempts by professional
Q38: 26-31 One cause of residential mortgage prepayment
Q39: 26-23 GNMA pass-through bondholders can be protected
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