Exchange Currency

paydown factor

The portion of cash that is subtracted monthly from the principal amount on a mortgage security divided by the original principal of that mortgage security. It is required that issuers of mortgage securities provide this paydown factor each month to the GNMA as it can be used to determine the total repayments of principal that are made to the security for certain time periods.

Related information about paydown factor:
  1. Paydown Factor Definition | Investopedia
    The portion of cash subtracted each month from the principal of a mortgage security divided by the original principal of the security.
     
  2. What is paydown factor? definition and meaning
    Definition of paydown factor: The portion of cash that is subtracted monthly from the principal amount on a mortgage security divided by the original principal of ...
     
  3. Paydown Factor - Financial Dictionary - The Free Dictionary
    In mortgage-backed securities, the amount of the principal in the underlying mortgage pool that is repaid each month, expressed as a percentage of the original ...
     
  4. What Is a Paydown?
    In the world of finance, people may refer to the paydown factor, which is a way of reporting on the performance of mortgage securities. For the individual, the idea ...
     
  5. Paydown Factor: Definition from Answers.com
    Paydown Factor The portion of cash subtracted each month from the principal of a mortgage security divided by the original principal of the security.
     
  6. paydown factor
    Translation for 'paydown factor' in the free Chinese dictionary. More Chinese translations for: factor.
     
  7. r/m
    Jun 3, 2009 ... is called the paydown factor on the pool or simply the pool factor. c 2009 Prof. Yuh-Dauh Lyuu, National Taiwan University. Page 1032 ...
     
  8. Freddie Mac's Mortgage Securities Frequently Asked Questions ...
    Monthly Payment = Initial Net Compound Amount * Number of Units Owned * Principal Paydown Factor. NOTE: Initial net compound amount can be obtained ...