Which One of the Following Is the Prepayment Rate for a Mortgage

question 60

Multiple Choice

Which one of the following is the prepayment rate for a mortgage pool which is dependent upon the age of the mortgages comprising the pool?

• A) unseasoned rate
• B) average life rate
• C) aged payment rate
• D) conditional prepayment rate
• E) amortized rate

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Definitions:

Connective Tissue

Type of animal tissue that binds structures together, provides support and protection, fills spaces, stores fat, and forms blood cells; adipose tissue, cartilage, bone, and blood are types of connective tissue; living cells in a non-living matrix.

Uremia

A condition resulting from the accumulation of waste products in the blood due to kidney failure, leading to various symptoms and health issues.

Nephrons

The functional units of the kidney, responsible for filtering blood and producing urine.

Urea

A waste product formed in the liver, broken down from proteins, and excreted in urine.