New Govvy Intervention Likely To Cause Rise In Prepayments

Prepayment speeds on high-coupon agency mortgages are expected to rise as a result of the Homeowner Affordability and Stability Plan.

  • 19 Feb 2009

--Leela Parker

Prepayment speeds on high-coupon agency mortgages are expected to rise as a result of the Homeowner Affordability and Stability Plan. Prepayments would be driven by an increase in voluntary refinancings and the government sponsored enterprises buying mortgages out of the pool, according to JPMorgan analysts.

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