Speed

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Speed

Speed

1. In mortgage-backed securities, the estimated rate at which homeowners will pay off the underlying mortgages of an MBS. The equivalent of the coupon on a mortgage-backed security is a percentage of the interest and principal paid on the mortgages backing the security. A risk associated with mortgage-backed securities is that too many homeowners will pay off their mortgages with too much speed, depriving the holder of the MBS from future interest payments.
References in periodicals archive ?
On all grounds - promptness, the three month stop-date and the merits of the challenge - Mr Finn-Kelcey's claim failed.
Admitted to practice: 1997) Clark failed to act with reasonable diligence and promptness in representing a client, failed to keep a client reasonably informed on the status of a matter, failed to promptly comply with reasonable requests for information, and engaged in conduct in connection with the practice of law that is prejudicial to the administration of justice.
He added: ''Anyone in possession of the facts would have acted in exactly the same way as Richard Lewis and we applaud the promptness and firmness of the RFL chairman's response.
The counselor or workshop facilitator can help parents recognize the child's source of motivation (self, parent, or teacher) and whether the child needs to improve in promptness and persistence in doing his or her homework.
They should vote for me because of my experience, and I want to provide the citizens of Los Angeles County with fairness, justice, promptness and respect,'' Layton said.
The state chairs and support staff deserve a vote of thanks, too, for their hard work and promptness returning forms.
Among physicians participating in managed care plans, administrative workload, external review of clinical decisions, and promptness of payment were the greatest areas of dissatisfaction.
We would like to thank Bangor officials and all concerned for their help, sympathy and promptness in attending to the horse.
The taxpayers rated the events on promptness of service, employee courtesy, employee competence, fair treatment, effort to resolve problem and convenience of office hours.
AIT has a reputation for completing jobs on time, but while promptness attracts more work, Hurt says he does not want m grow too quickly.
She wrote: "A member of staff fell ill late in 1994-95 and, although others took on his duties, the promptness of payment suffered.
According to a recent survey by ITT Hartford in conjunction with Human Resource Executive magazine, promptness and quality of claims service ranked first, cited by 85 percent of respondents; followed by a carrier's responsiveness to problems; and its financial stability.