Performance Metrics
CPR
Also known as: constant prepayment rate
status: draft
Constant prepayment rate. The annualized prepayment speed used in cash-flow models.
What to watch
Run high and low CPR cases. Extension and contraction risk can both hurt economics depending on the structure.
Referenced in 54 topics
ABF vs. traditional lending (when ABF makes sense, when it doesn't) foundations Agency RMBS asset-classes Amortization and repayment mechanics Auto loans and leases asset-classes BNPL receivables asset-classes Cash flow modeling accounting-valuation CMBS (conduit, SASB, large loan) asset-classes Collateral analysis accounting-valuation Collateral analytics checklist appendix CRE CLOs asset-classes Credit analysis accounting-valuation Deal structures asset-classes DSCR investor loans asset-classes Early-stage financing guide playbooks Education and vocational receivables asset-classes Equipment leases and loans asset-classes Evaluating a credit fund's ABF strategy playbooks Evaluating portfolio quality and performance playbooks Hedging and interest rate mechanics mechanics Home equity and helocs asset-classes Mark-to-model practices accounting-valuation Marketplace lending and fintech-originated asset-classes Non-agency RMBS / non-QM / investor-purpose asset-classes Non-QM lending asset-classes Ongoing portfolio management (capital provider) playbooks Ongoing reporting and surveillance operations-lifecycle Performance metrics accounting-valuation Performance reporting operations-lifecycle Performance triggers mechanics Personal / unsecured consumer loans asset-classes Portfolio monitoring for ABF funds operations-lifecycle Portfolio surveillance operations-lifecycle Portfolio valuation accounting-valuation Powersports (RV, marine, motorcycle) asset-classes Preparing your data room playbooks Prime jumbo asset-classes Recognizing distress early playbooks Revolving, prefunding, and reinvestment mechanics Risk factors documentation Sample waterfall appendix Small business loans (including SBA 7(a)) asset-classes Solar / renewable energy (PACE, PPA, solar loan) asset-classes Static pool analysis accounting-valuation Student loans (federal and private) asset-classes Term securitization (ABS/MBS) structures The originator's readiness assessment playbooks Timeshare receivables asset-classes Top capital provider mistakes playbooks Triggers, tests, and performance events mechanics Valuation methodologies accounting-valuation Warehouse facilities structures What capital providers care about playbooks Workouts, restructuring, and enforcement lifecycle-events Your loan tape: what lenders actually look at playbooks