Analysis and Forecasts of UK Mortgage Prepayments
In 2022, the UK mortgage market moved from the stable environment it had enjoyed for over 12 years to a new territory with higher interest rates, rising affordability pressures for borrowers and declining house prices. As the need for a new macroeconomically centered mortgage prepayment model in the UK RMBS ecosystem arises, this paper analyses some results of our new UK Mortgage Prepayment Model
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