- current principal factor
- Finthe portion of the initial amount of a loan that remains to be paid
The ultimate business dictionary. 2015.
The ultimate business dictionary. 2015.
Current Face — The current par value of a mortgage backed security (MBS). Current face is determined by multiplying the current pool factor by the mortgage backed security s original face value. A mortgage backed security s current face represents the… … Investment dictionary
current face — The total amount of the current principal outstanding of the loans in an MBS pool. The current face is always equal to the product of the original face multiplied by the current factor. Analogous to the par value of a conventional debt security.… … Financial and business terms
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factor — (1) The percent of the original face of an MBS pool that remains outstanding at any given time is called the current factor. Principal payments, made by the borrowers, reduce the original face every month. Thus there is a new current factor each… … Financial and business terms
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