I want to know the process of converting CPR to SMM. Is there a specific formula or method that can help me achieve this conversion? If so, please provide me with detailed steps.
6 answers
CryptoEnthusiast
Thu Nov 21 2024
This monthly prepayment rate is commonly known as the Single-Monthly Mortality Rate (SMM).
henry_miller_astronomer
Thu Nov 21 2024
To determine the SMM for a given CPR, a specific formula is utilized.
TaegeukChampionCourageousHeartWarrior
Thu Nov 21 2024
The formula for calculating SMM is as follows: SMM = 1-(1-CPR)/11.
CharmedVoyager
Thu Nov 21 2024
Estimating monthly prepayments involves converting the Conditional Prepayment Rate (CPR) into a monthly prepayment rate.
JessicaMiller
Thu Nov 21 2024
This formula helps in accurately assessing the monthly prepayments based on the CPR.