One of the Non-Economic Factors Affecting the Prepayment Behavior of a Mortgage

question 24

Multiple Choice

One of the non-economic factors affecting the prepayment behavior of a mortgage pool is:

• A) current market rates
• B) pool rates
• C) job relocation
• D) all of the above are non-economic factors affecting prepayment behavior as outlined in this text

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Definitions:

Income Statement

A financial statement that shows the company's revenues and expenses over a specific period, leading to its net income or loss.

Net Profit Margin Percentage

A financial metric indicating the percentage of revenue that remains as net income after all expenses are deducted.

Income Statement

A financial document that shows a company's income, expenses, and net profit over a specified period.

Dividend Payout Ratio

The percentage of earnings paid to shareholders in dividends, indicating how much money a company returns to shareholders versus reinvesting in itself.