Title page for ETD etd-05092009-040608
|Type of Document
||Lassinger, Robert T.
||Mortgage-backed securities :models of prepayment, an analysis
||Master of Arts
|No Advisors Found
- cash flow
- mortgage prepayment
|Date of Defense
The objective of this paper is to provide a review current literature on single family fixed rate
mortgage prepayment estimation models and to determine a method to improve the
estimation of mortgage prepayments for the purpose of projecting the cash flow from
mortgage securities. Several prepayment methodologies and models were analyzed to find
a method to enhance the forecasting of mortgage prepayments.
It was determined that the mortgage prepayment model developed in this paper provides a
better estimation of prepayments when homeowner's have a positive financial incentive to
prepay their mortgage.
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