JPMorgan Securities analysts, in their mortgage research, recommended that investors who are seeking call protection consider adding exposure to investment property MBS. They believe prepayment profiles should be similar to loan balance paper.

Recent prepayment history for 6% Gold 30-year 2007 vintages show the collateral has prepaid at around 30 CPR for the past three months, while investor loans have barely broke through 10 CPR, according to analysts.

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