What is the weighted-average life (WAL) of a mortgage pool supporting pass-through securities? How does WAL differ

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What is the weighted-average life (WAL) of a mortgage pool supporting pass-through securities? How does WAL differ from duration?

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Financial Institutions Management A Risk Management Approach

ISBN: 978-0071051590

8th edition

Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders

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Question Posted: Dec 17, 2015 05:15 AM

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What is the weighted-average life (WAL) of a mortgage pool supporting pass-through securities? How does WAL differ

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The weightedaverage life is calculated as the product of the amount ...View the full answer

Financial Institutions Management A Risk Management Approach

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