Fannie Mae and Freddie Mac mortgage- bond prepayments slowed last month more than some analysts projected, as a wave of buyouts of loans from the debt failed to materialize and refinancing was limited amid record low rates. The so-called constant prepayment rate for Washington-based Fannie Mae’s 30-year, fixed-rate securities fell to 15.4 from 18.1, JPMorgan Chase & Co. analysts led by Brian Ye wrote yesterday in a report. The analysts had expected the rate, which represents the share of the debt that would be retired in a year at the current pace, to decline to 16 to 17.
Mortgage-Bond Prepayments Slow More Than Expected, Analysts Say
Most Popular Articles
Latest Articles
Kristen Sieffert leads the reverse mortgage presence at The Gathering
FOA’s president spoke about bringing reverse mortgages into the mainstream at the event in Scottsdale, Arizona.