I should clarify. Why are they adjusting the CPR by that factor though? I have not seen this anywhere else…are you supposed to reduce the CPR by a factor related to its seasoning?
IE: should 175 PSA for a 48 month mortgage just not be 1.75*0.06% ?
I’m cracked…sorry guys, I don’t know why I thought it was 48 of 60 months…this was the last question I did before quitting yesterday, in the cold light of morning I see clearly.