Loan Pool Prepayment Model

From Open Risk Manual

Definition

Loan Pool Prepayment Model. Any Risk Model of prepayment events of loans in a pool of individual loans, such as a mortgage pool or loan pool.

Such model typically captures the parameters (factors) that may influence the prepayment of loans or mortgages and relate these mathematically to the prepayment rate.

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This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.