Difference between revisions of "Burnout"
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Wiki admin (talk | contribs) (Created page with "== Definition == '''Burnout''', in the context of Prepayment behavior and risks is the phenomenon, whereby refinancing (prepayment) rates decline over time even if no chan...") |
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This means that a group of borrowers that experienced an earlier regime of refinancing opportunities might have lower refinancing rates than a group with no such prior experience. | This means that a group of borrowers that experienced an earlier regime of refinancing opportunities might have lower refinancing rates than a group with no such prior experience. | ||
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| + | == See Also == | ||
| + | * [[Seasoning]] | ||
[[Category:Prepayment Risk]] | [[Category:Prepayment Risk]] | ||
Latest revision as of 15:08, 1 December 2022
Definition
Burnout, in the context of Prepayment behavior and risks is the phenomenon, whereby refinancing (prepayment) rates decline over time even if no change occurs in the Refinancing Incentive.
This means that a group of borrowers that experienced an earlier regime of refinancing opportunities might have lower refinancing rates than a group with no such prior experience.
