Question: Answer the below questions. (a) What is meant by prepayments due to housing turnover? (b) What is meant by prepayments due to cash-out refinancing? (c)

Answer the below questions.
(a) What is meant by prepayments due to housing turnover?
(b) What is meant by prepayments due to cash-out refinancing?
(c) What is meant by prepayments due to rate/term refinancing?

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