After 30 Months,what Is the 100 PSA Benchmark Conditional Prepayment

question 28

Multiple Choice

After 30 months,what is the 100 PSA benchmark conditional prepayment rate per year?

• A) 3 percent
• B) 5 percent
• C) 6 percent
• D) 8 percent
• E) 12 percent

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Definitions:

Certificates of Deposit

A financial product typically offered by banks that provides an interest rate premium in exchange for the customer agreeing to leave a lump-sum deposit untouched for a predetermined period.

Drafts

Preliminary versions of documents or plans that are subject to revision or editing before the final version is produced.

Negotiability

The ability of a document or instrument to be legally and freely transferred from one party to another.

Contractual Assignment

The transfer of rights or duties under a contract from one party to another.