Posted on: 16th Aug, 2009 10:00 am
What is included in the JPMorgan mortgage prepayment model?
Probably a good idea to check with JPMorgan or thier website
the jpmorgan arm prepayment model is based on the idea that it is important to understand what drives consumers to sell or refinance. here is some of what jpmorgan experts found to influence the constant prepayment rate (cpr):
1. refinace for saving money
2. mortgage holder pay 30 years of loan after 15th year of home loan.
3. 30 years of fixed loan having low cpr.
4. sales and refinance of home will be more as market is strong.
5. larger mortgage loans have a higher cpr than smaller ones.
1. refinace for saving money
2. mortgage holder pay 30 years of loan after 15th year of home loan.
3. 30 years of fixed loan having low cpr.
4. sales and refinance of home will be more as market is strong.
5. larger mortgage loans have a higher cpr than smaller ones.