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Weighted average Coupon

   Also found in: Acronyms 0.02 sec.
Weighted average Coupon
The weighted average of the gross interest rates of mortgages underlying a pool as of the pool issue date; the balance of each mortgage is used as the weighting factor.


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The portfolio was made up of first lien, sub-prime, low-LTV residential mortgage loans with a weighted average coupon in excess of 8%.
The company's servicing portfolio increased to $246 billion on December 31, 1999, 18 percent higher than a year ago, with a weighted average coupon of 7.
The company said its loan service portfolio grew to $236 billion with a weighted average coupon of 7.
 
 
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