What is CONDITIONAL PREPAYMENT RATE (CPR)?

A PREPAYMENT rate used to value MORTGAGEBACKED SECURITIES and COLLATERALIZED MORTGAGE OBLIGATIONS, generally computed as an annualized rate of monthly prepayments to outstanding pooled MORTGAGES.

More On This Topic



Link to This Definition
Did you find this definition of CONDITIONAL PREPAYMENT RATE (CPR) helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary