Quantcast

Lehman examines FICO's impact on prepays

In recent research, Lehman Brothers analysts examined the effect of FICO on prepayments. They concluded that low FICO pools display faster discount prepayments, which is driven by their greater sensitivity to house price appreciation, and, to a lesser extent, by higher defaults. Low FICO loans are also less callable,...

To continue reading, log in, register or subscribe below.Calendars are available to registered users of The Bond Buyer web site.
Please log in below with the credentials you established at the time of your subscription or when you set up a free trial. If you have never set up an account with The Bond Buyer, please click the "Free trial" link below to set up your account.

Already a subscriber? Log in here.

Please note you must now log in with your email address and password.

 

Upcoming Events

Already a subscriber? Log in here
Please note you must now log in with your email address and password.