current production rate

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Current production rate

Current Production Rate

The highest interest rate payable on mortgage-backed securities guaranteed by the Government National Mortgage Association (Ginnie Mae). The current production rate is usually half a point less than what the homeowners are paying in interest on their mortgage. For example, if homeowners whose mortgages back the securities are paying 6% on their mortgages, the maximum interest payable is almost always 5.5%. See also: Ginnie Mae Pass-Through.

current production rate

The maximum interest rate payable on current Ginnie Mae pass throughs. The current production rate is usually 1/2 of 1% under the rate of interest charged on mortgages backing the pass throughs, with the difference covering service charges to the firm processing the mortgages.
References in periodicals archive ?
One of Bruce s major achievements, and a lasting legacy, has been rebuilding the company s 2P Reserves to production ratio which now stands at 22 years at current production rates, easily the best among our peers.
Qatar's gas reserves would last at least another 156 years at current production rates, a new report has shown.
I had forgotten just how much I loved Bourne's interpretation of Swan Lake, which is constantly evolving - although its heart remains intact - and this current production rates as my favourite to date.
Since the turbine was commissioned last November, it has produced an average of 1,225 kWh (kilowatt hours) each month, and the return on investment for this installation is now expected to exceed the forecast nine-year payback at current production rates.
As per the World Coal Association, proven global coal reserves will last nearly 112 years at current production rates.
Last year, the 2012 BP Statistical Review of World Energy said that at current production rates, there is enough oil to last just another 54 years.
Current production rates see one backhoe machine roll off one of the company's manufacturing lines every three minutes.
The resource base will support the Company's gold operation at Carosue Dam at current production rates for at least a decade.
At current production rates, the Pedro Soto Alba appears on track toward output of around 38,000 tons of unrefined nickel plus cobalt, while the Che Guevara will weigh in at around 28,000 tons, well below its 32,000-ton capacity.
At current production rates, Russia will be out of the running by 2020.
If orders from ILFC or other large customers slacken, Airbus will be cushioned by a backlog for thousands of aircraft which will take years to clear at current production rates.
Iran has discovered three new oilfields in less than two weeks; the new discoveries add about four months' worth to Iran's reserves at current production rates.

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