Overshooting


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Overshooting

The tendency of a pool of MBS to reflect an especially high rate of prepayments the first time it crosses the threshold for refinancing, specially if two or more years have passed since the date of issue without the weighted average coupon of the pool crossing the refinancing threshold.
References in periodicals archive ?
In all likelihood, the Greenspan Fed is in the process of overshooting in its effort to shift from an accommodative to a neutral policy stance.
The incidents that will be investigated by the ministry's Aircraft Accident Investigation Commission include aircraft overshooting runways, landing on the wrong runways and near misses.
To its advocates, fuzzy logic outshines conventional controls because it completely avoids overshooting process limits and dramatically improves the speed of response to process upsets.
Even though inflation remains tame, new Federal Reserve Chairman Ben Bernanke, continuing the historical practice of overshooting the trend, raises the Federal funds rate to 5% during the first half of 2006.
The incidents subject to probes by the panel would include planes overshooting runways and landings performed on incorrect runways.
Steep acceleration/deceleration can be accomplished without overshooting or undershooting, and high stability is provided at both high and low speed.