Refinancing risk - Revision history

imported>Doug Williamson: Link with Event-driven financing and Refinancing pages.

2017-03-12T16:48:02Z

Link with Event-driven financing and Refinancing pages.

← Older revision		Revision as of 16:48, 12 March 2017
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	== See also ==		== See also ==
	* [[CMBS]]		* [[CMBS]]
			* [[Event-driven financing]]
	* [[Mortgage ]]		* [[Mortgage ]]
			* [[Refinancing]]

	[[Category:Manage_risks]]		[[Category:Manage_risks]]

imported>Doug Williamson: Align with qualifications material.

2015-05-09T16:13:20Z

Align with qualifications material.

← Older revision		Revision as of 16:13, 9 May 2015
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	3.		3.

	The risk to an investor that an early unscheduled repayment of principal ~~on mortgage-backed securities (MBS)~~ will occur when the underlying mortgages are refinanced by borrowers.		The risk to an investor in mortgage-backed securities (MBS) that an early unscheduled repayment of principal will occur when the underlying mortgages are refinanced by borrowers.

	All MBS buyers assume some level of prepayments in their initial yield calculations, but an increase in the level of refinancing (which usually occurs as a result of falling interest rates) means that MBSs mature faster and will have to be reinvested at lower rates.		All MBS buyers assume some level of prepayments in their initial yield calculations, but an increase in the level of refinancing (which usually occurs as a result of falling interest rates) means that MBSs mature faster and will have to be reinvested at lower rates.
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	== See also ==		== See also ==
			* [[CMBS]]
	* [[Mortgage ]]		* [[Mortgage ]]

	[[Category:Manage_risks]]		[[Category:Manage_risks]]

imported>Doug Williamson: Changed category to be more specific 9/10/13

2013-10-09T12:59:14Z

Changed category to be more specific 9/10/13

← Older revision		Revision as of 12:59, 9 October 2013
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	* [[Mortgage ]]		* [[Mortgage ]]

	[[Category:~~Risk_Management~~]]		[[Category:Manage_risks]]

imported>Doug Williamson: Spacing and category added 20/8/13

2013-08-20T15:08:56Z

Spacing and category added 20/8/13

← Older revision		Revision as of 15:08, 20 August 2013
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	1~~. For any borrower, the risk of adverse pricing or lack of availability of replacement financing, when the current financing reaches the end of its term~~.		1.

	2. For a mortgage borrower, the risk that he or she will not be able to refinance an existing mortgage at a future date under favourable terms.		For any borrower, the risk of adverse pricing or lack of availability of replacement financing, when the current financing reaches the end of its term.


			2.

			For a mortgage borrower, the risk that he or she will not be able to refinance an existing mortgage at a future date under favourable terms.


			3.

			The risk to an investor that an early unscheduled repayment of principal on mortgage-backed securities (MBS) will occur when the underlying mortgages are refinanced by borrowers.

	~~3. The risk to an investor that an early unscheduled repayment of principal on mortgage-backed securities (MBS) will occur when the underlying mortgages are refinanced by borrowers.~~
	All MBS buyers assume some level of prepayments in their initial yield calculations, but an increase in the level of refinancing (which usually occurs as a result of falling interest rates) means that MBSs mature faster and will have to be reinvested at lower rates.		All MBS buyers assume some level of prepayments in their initial yield calculations, but an increase in the level of refinancing (which usually occurs as a result of falling interest rates) means that MBSs mature faster and will have to be reinvested at lower rates.


	== See also ==		== See also ==
	* [[Mortgage ]]		* [[Mortgage ]]


			[[Category:Risk_Management]]

imported>Administrator: CSV import

2012-10-23T14:20:32Z

CSV import

New page

1. For any borrower, the risk of adverse pricing or lack of availability of replacement financing, when the current financing reaches the end of its term.

2. For a mortgage borrower, the risk that he or she will not be able to refinance an existing mortgage at a future date under favourable terms.

3. The risk to an investor that an early unscheduled repayment of principal on mortgage-backed securities (MBS) will occur when the underlying mortgages are refinanced by borrowers.
All MBS buyers assume some level of prepayments in their initial yield calculations, but an increase in the level of refinancing (which usually occurs as a result of falling interest rates) means that MBSs mature faster and will have to be reinvested at lower rates.

== See also ==
* [[Mortgage ]]