Ranger Financial Services

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financialranger | 16 March, 2010 14:11

Ranger Financial Services

PSA Prepayment Rate
The Bond Market Trade Association's Mortgaged Asset-Backed Securities Division's prepayment model based on an assumed rate of prepayment each month of the then unpaid principal balance of a pool of mortgages. PSA is used primarily to derive an implied prepayment speed of new production loans. 00% PSA assumes a prepayment rate of 2% per month in the first month following the date of issue, increasing at 2% percentage points per month thereafter until the 30th month. Thereafter, 100% PSA is the same as 6% CPR (Constant prepayment rate).

Equity floor
An agreement in which one party agrees to pay the other at specific time periods if a specific stock marketbenchmark falls below a predetermined level.

Ranger Financial Services Employment :More flexible exchange rate system
The International Monetary Fund's name for an exchange rate system in which rates float freely.

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Pickup bond
A bond with a relatively high coupon that is close to the date at which it is callable, meaning that a fall in interest rates will most likely cause early redemption of the bond at a premium.

Justified price
The fair market price of an asset.

About Ranger Financial Services : Simple rate of return
The return from investments figured by dividing income plus capital gains by the amount of capital invested. The effect of compounding is not taken into account.

Ranger Financial Services Overview Bank regulation
The formulation and issuance by authorized agencies of specific rules or regulations, under governing law, for the conduct and structure of banking.

Ranger Financial Employment Pickup bond
A bond with a relatively high coupon that is close to the date at which it is callable, meaning that a fall in interest rates will most likely cause early redemption of the bond at a premium.

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