| Paydown Factor | |
 The portion of cash subtracted each month from the principal of a mortgage security divided by the original principal of the security. |
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 Security issuers are required by the GNMA to supply the paydown factor every month. This fraction can be used to compute the total principal repayments made to the security for specific periods. |
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 The Reverse Mortgage: A Retirement Tool - Discover another way to fund your retirement without having to make payments on a loan. Asset Allocation within Fixed Income - An investor's fixed-income portfolio can easily beat the average bond fund. Learn how and why! Ginnie Mae Official Site - Information about Ginnie Mae and their mandates and business practice. |
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