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Glossary > W > "Weighted average coupon" Definition

Weighted average coupon

The weighted average of the gross interest rates of the mortgages underlying the pool as of the pool issue date, with the balance of each mortgage used as the weighting factor.

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Weighted average coupon - The weighted average of the gross interest rates of the mortgages underlying the pool as of the pool issue date, with the balance of each mortgage used as the weighting factor.

Weighted average coupon : the weighted average of the gross interest rates of the mortgages underlying the pool as of the pool issue date, with the balance of each mortgage used as the weighting factor.