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Weighted average coupon

• The weighted average of the gross interest rate of the mortgages underlying the pool as of the pool issue date, with the balance of each mortgage used as the weighting factor.

• Is the measurement of the gross coupons underlying a Mortgage Backed Security and weighted by outstanding balance of each mortgage.

 
 

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 Embedded terms in definition
 Average
Factor
Gross interest
Gross
Interest rate
Interest
Issue
Mortgage
Pool
Security
Underlying
Weighted average
Weighting
 
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