Citing Shift in Borrower Response to Refi Opportunity and Program Changes, Barclays Revises MBS Prepay Model
September 17, 2010
As the mortgage environment continues to change even two years after the mortgage crisis, Barclays Capital has updated its prepayment model to accommodate the slow refinance market, ultimately slowing down prepayments on higher coupons. Generally speaking, a prepayment model is a means of...