Yield Maintenance
What is ‘Yield Maintenance’
A prepayment premium that allows investors to attain the same yield as if the borrower made all scheduled mortgage payments until maturity.
Explaining ‘Yield Maintenance’
Yield maintenance premiums are designed to make investors indifferent to prepayment. Furthermore, It also makes refinancing unattractive and uneconomical to borrowers.
Further Reading
www.aresjournals.org [PDF]… A review of two widely-used real estate finance textbooks in colleges and universities reveals only … the clause as a liquidated damages clause, which subjected it to an economic analysis to … Commercial Mortgage Prepayment: Prepayment Fee, Yield Maintenance, or Defeasance …
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www.tandfonline.com [PDF]… A review of two widely-used real estate finance textbooks in colleges and universities reveals only … the clause as a liquidated damages clause, which subjected it to an economic analysis to … Commercial Mortgage Prepayment: Prepayment Fee, Yield Maintenance, or Defeasance …
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link.springer.com [PDF]… A review of two widely-used real estate finance textbooks in colleges and universities reveals only … the clause as a liquidated damages clause, which subjected it to an economic analysis to … Commercial Mortgage Prepayment: Prepayment Fee, Yield Maintenance, or Defeasance …
trid.trb.org [PDF]… A review of two widely-used real estate finance textbooks in colleges and universities reveals only … the clause as a liquidated damages clause, which subjected it to an economic analysis to … Commercial Mortgage Prepayment: Prepayment Fee, Yield Maintenance, or Defeasance …
papers.ssrn.com [PDF]… A review of two widely-used real estate finance textbooks in colleges and universities reveals only … the clause as a liquidated damages clause, which subjected it to an economic analysis to … Commercial Mortgage Prepayment: Prepayment Fee, Yield Maintenance, or Defeasance …
www.tandfonline.com [PDF]… A review of two widely-used real estate finance textbooks in colleges and universities reveals only … the clause as a liquidated damages clause, which subjected it to an economic analysis to … Commercial Mortgage Prepayment: Prepayment Fee, Yield Maintenance, or Defeasance …
onlinelibrary.wiley.com [PDF]… A review of two widely-used real estate finance textbooks in colleges and universities reveals only … the clause as a liquidated damages clause, which subjected it to an economic analysis to … Commercial Mortgage Prepayment: Prepayment Fee, Yield Maintenance, or Defeasance …
