Question
Which of the following statements is true regarding the PSA prepayment model? PSA stands for Private Securities Attributes 100% PSA model assumes higher prepayment rates
Which of the following statements is true regarding the PSA prepayment model?
| PSA stands for Private Securities Attributes | ||
| 100% PSA model assumes higher prepayment rates than 200% PSA model | ||
| Under the PSA assumption borrowers prepay less in the first few months after taking a loan relative to later months | ||
| PSA model can not be adjusted to incorporate market conditions | ||
| All of the above |
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Auditing a risk based approach to conducting a quality audit
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
9th edition
9781133939160, 1133939155, 1133939163, 978-1133939153
