Suppose that the mortgage balance at the beginning of January 2018 is $4,500 million, the SMM is

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Suppose that the mortgage balance at the beginning of January 2018 is $4,500 million, the SMM is 0.006 (or 0.6%), and the scheduled principal repayment is $80 million. What is the estimated prepayment for January 2017?

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Bond Markets Analysis and Strategies

ISBN: 978-0133796773

9th edition

Authors: Frank J.Fabozzi

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Posted Date: May 19, 2023 08:37 AM

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Suppose that the mortgage balance at the beginning of January 2018 is $4,500 million, the SMM is

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