Prepayment specialists had their eyes on Ginnie Mae premiums last week, as speeds for GNMA 1998 and 1999 premiums were very fast, mostly due to a higher-than-usual rate of Ginnie Mae servicers buying out delinquent pools.

Additionally, the GSE had to issue two "tapes" - a record of pool factors showing paydowns taking place for the previous month - because the first tape was incorrect, market sources say.

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