Outstanding principal balance of the underlying security of a mortgage-backed security. Determined by multiplying current pool factor times the original face value. The current face or current par value will decrease over time when payments and interest are applied to the balance.
Related information about current face:
- Current Face Definition | Investopedia
The current par value of a mortgage-backed security (MBS). Current face is determined by multiplying the current pool factor by the mortgage-backed security's ...
- Original Face Definition | Investopedia
By definition, a new issue mortgage-backed security will have a pool factor of 1; in other words, the original face will equal the current face. As the principal is ...
- What Is a Current Face?
Also known as a current par value, a current face is the latest par value on some type of mortgage-backed security. The term refers to the remaining monthly ...
- What is current face? definition and meaning
Definition of current face: Outstanding principal balance of the underlying ... The current face or current par value will decrease over time when payments and ...
- Securitisation glossary-Current Face Value
Current Face Value - The current amount of principal outstanding on a security, which is calculated by multiplying the original face value by the most recent ...
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