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Overshooting

• The tendency of a pool of MBSs to reflect an especially high rate or prepayments the first time it crosses the threshold for refinancing, especially if two or more years have passed since the date of issue without the WAC of the pool having crossed the refinancing threshold.

 
 Embedded terms in definition
 Issue
Pool
Prepayments
Threshold for refinancing
Time
Without

<< Overreaction hypothesis Oversold >>

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