Home » Uncategorized » MHP (Prepayment Rate for Manufactured-Housing)

I have to admit that I have never purchased or sold manufactured housing loan pools, but am aware that those that do own or trade these pools, have different assumptions when applying prepayment rates. The MHP calculation is very close the PSA ramp, except that the first month starts with a 3.7 CPR, and each subsequent month steps up 10 basis points, until the 24th month. After that the CPR flat lines at 6% CPR. Like the PSA model, you will need to know the age of the pool (months).

Download: MHP.xlsx

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