After origination of a mortgage-backed security, the WAM changes. What measures are used by Fannie Mae and Freddie Mac to describe the remaining term to maturity of the loans remaining in the loan pool?
What will be an ideal response?
After origination of the MBS, the WAM of a pool changes. Fannie Mae and Freddie Mac report the remaining number of months to maturity for a loan pool, which they refer to as weighted average remaining maturity (WARM). Both Fannie Mae and Freddie Mac also report the weighted average of the number of months since the origination of the security for the loans in the pool. This measure is called the weighted average loan age (WALA).
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Answer the following statement true (T) or false (F)
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