"PSA" Definition
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 Glossary   >   P   >   "PSA" Definition   

        PSA

A prepayment model based on an assumed rate of prepayment each month of the then unpaid principal balance of a pool of mortgages. PSA is used primarily to derive an implied prepayment speed of new production loans, a 100% PSA assumes a prepayment rate of 2% per month in the first month following the date of issue, increasing at 2% per month thereafter until the 30th month. Thereafter, 100% PSA is the same as 6% CPR.

PSA


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PSA - A prepayment model based on an assumed rate of prepayment each month of the then unpaid principal balance of a pool of mortgages. PSA is used primarily to derive an implied prepayment speed of new production loans, a 100% PSA assumes a prepayment rate of 2% per month in the first month following the date of issue, increasing at 2% per month thereafter until the 30th month. Thereafter, 100% PSA is the same as 6% CPR.


PSA : a prepayment model based on an assumed rate of prepayment each month of the then unpaid principal balance of a pool of mortgages. psa is used primarily to derive an implied prepayment speed of new production loans, a 100% psa assumes a prepayment rate of 2% per month in the first month following the date of issue, increasing at 2% per month thereafter until the 30th month. thereafter, 100% psa is the same as 6% cpr.