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Prepays Drop as Refi Pipeline Narrows
Jun 29, 2009Prepayments seen among securitized mortgage loans slowed in May as mortgage rates ticked upward and overall eligibility for refinance narrowed, according to industry research by Bank of America and Merrill Lynch analysts. Securitized loans are considered in prepayment when they are refinanced or repaid in full. The effect for a securitization is essentially that the mortgage disappears, taking any future profitability with it, even though the loan itself doesn’t vanish. It simply moves into a new securitization.
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Monday Morning Cup of Coffee
Jun 29, 2009 -
Modified Loans would Retain Risk Weight under Rule
Jun 26, 2009 -
M&I Pushes 10 Months of Moratorium
Jun 26, 2009 -
Industry Players Bring the Heat over HVCC
Jun 26, 2009 -
Freddie’s Refinance Purchases Fall Since April
Jun 26, 2009 -
Fed Tweaks Liquidity Programs, Buys $24bn of MBS
Jun 26, 2009 -
Invesco’s REIT Launches Public Offering
Jun 26, 2009 -
Flat Rates this Week Remain Seasonally Low
Jun 25, 2009 -
Ginnie’s MBS Issuance Doubles from 2008
Jun 25, 2009 -
PMI Expands Refi-to-Mod Program
Jun 25, 2009
