Weighted Average Loan Age - WALA

外汇网2021-06-19 20:56:29 174

A dollar-weighted average measuring the age of the inpidual loans in a mortgage pass-through or pooled security, such as Ginnie Mae or a Freddie Mac security. The WALA is measured as the time in months since the origination of the loans, with the weighting based on each loan's size in proportion to the aggregate total of the pool.

|||The weighted average age will change over time as some mortgages get paid off faster than others. Based on the issuer of the mortgage-backed securities (抵押贷款支持债券), the WALA may be weighted on the remaining principal balance dollar figure, or the beginning notional value of the loan.

The flip side of the WALA is the weighted average maturity (WAM), which is a dollar-weighted measure of the months remaining until the principal amounts are completely repaid on each loan in the pool.

Weighted Average Loan Age - WALA

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