Burnout is a phenomenon in the mortgage market. It represents the tendency of pools to become less sensitive to interest rate declines with the passage of time. While there may have been a surge in prepayments due to declining interest rates, the remaining mortgages do not prepay as quickly as the previous ones in the pools. It is implied that these remaining mortgages are less vulnerable to further accelerated prepayment risks.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). burnout. Retrieved September 20, 2026, from http://smartdefine.org/burnout/definitions/1149132 |
| Chicago | Barry Goldsmith. 2010. "burnout" http://smartdefine.org/burnout/definitions/1149132 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, burnout, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/burnout/definitions/1149132>. |
| MLA | Barry Goldsmith. "burnout" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/burnout/definitions/1149132> |