Prepayment speeds for March increased less than 20% for most coupons and vintages of FNMA and FHLMC Gold securities. The 2006 5.5s recorded the strongest increase at 30% from February. Analysts believe that the less-than-expected increase in speeds is because of the housing market slowing and underwriting standards tightening.

 

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.