微信扫一扫
实时资讯全掌握
|
Prepayment burnout in a mortgage-backed security (MBS) refers to the fact that: A. in the later years of a downward trend in interest rates, fewer mortgages will be refinanced. B. some tranches will experience extreme rates of prepayment. C. eventually a MBS will exceed the maximum prepayments allowed when interest rates drop too low. |