Tag Archives: Asset-Backed Securities

Fast Formulas #3: Pool Average Life with CPR Prepayments

Fast Formulas #2: Average Life of Mortgage (Amortizing with Balloon) presented a compact formula for calculating the average life of a mortgage that pays as scheduled until it is paid off with a “balloon” payment before the scheduled end of its term.  It occurred to … Continue reading

Posted in Fast Formulas, Math | Tagged , , , , , , , | 20 Comments