Mortgage Fallout
外汇网2021-06-19 20:53:26
98
A term used to describe the percentage of loans that do not close in a mortgage originator's pipeline. Mortgage originators adjust the fallout assumptions used in their hedge ratios as interest rates change relative to the loans they have in their pipelines.
|||At the same time or shortly after a borrower locks in a mortgage rate with a mortgage lender, the lender typically lays off the risk that current interest rates might change relative to the interest rate given the borrower by putting on a hedge. The hedge is designed to last until the mortgage closes, at which point the mortgage can be sold into the secondary mortgage market and the hedge unwound. However, many loans that are locked in by borrowers do not end up closing. The percentage of loans that do not close after being locked is called fallout. Fallout assumptions are an important part of a mortgage lender's hedging efficiency.
标签:
随机快审展示
推荐文章
- 黑马在线:均线实战利器 8724 阅读
- 短线交易技术:外汇短线博弈精讲 4059 阅读
- MACD震荡指标入门与技巧 4189 阅读
- 黄金操盘高手实战交易技巧 4538 阅读
- 做精一张图 3292 阅读
热门文章
- 港币符号与美元符号的区别是什么啊? 24975 阅读
- 我国各大银行汇率为什么不一样啊? 15107 阅读
- 越南盾对人民币怎么算的?越南盾对人民币汇率换算方法是什么 10270 阅读
- 百利好环球欺诈,不给出金,无法联系。 9788 阅读
- 黑马在线:均线实战利器 8724 阅读