not, if prepayment rates sluggish, the TAC soaks up the new available cashflow, and you may goes in arrears to your balance
not, if prepayment rates sluggish, the TAC soaks up the new available cashflow, and you may goes in arrears to your balance A specific Amortization Category (TAC) was a variation out-of a great PAC. A PAC has the benefit of coverage facing both prepayment chance (prepayments check out the Mate classification first) and you may …