Ginnie Mae 5.0 coupon involuntary prepayment rates dropped more than half for originations between 2007 and 2009, according to Barclays Capital December delinquency report.
5.0 coupons originated in 2007 dropped to 5.9 in November, compared to 12.3 from last month. Coupons originated in 2008 also fell to 5.8 in November, compared to 11.4 from the previous month. 2009 5.0 coupons also dropped to 5.8 this month, compared to 10.9 from October.
Delinquency rates on 60-day 6.5 coupons originated in 2009 dropped to 5.6% in November, from 6.1% last month.
Delinquency rates on 90-day 6.5 coupons originated in 2009 also dropped to 3.4%, compared to 2.6% from the previous month.
Roll rates for 4.5 coupons originated in 2012 almost dropped by half to 3.9%, compared to 6.3% from last month. Roll rates for 5.5 coupons originated in 2010 also dropped by about half at 6.3%, down from 12.3 in October.
The current balance of 5.0 coupons originated in 2011 dropped to $7.1 million, compared to $10.36 million from last month.
