Type of Document	Master's Thesis
Author	Lassinger, Robert T.
URN	etd-05092009-040608
Title	Mortgage-backed securities :models of prepayment, an analysis
Degree	Master of Arts
Department	Economics
Advisory Committee	Advisor Name Title No Advisors Found
Keywords	cash flow mortgage prepayment
Date of Defense	1995-12-05
Availability	restricted
Abstract 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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