Buyouts Make Ginnie Mae Prepayment Speeds Hard to Figure in Epic Refi Wave
October 11, 2002
Buyouts of troubled FHA and VA loans by Ginnie Mae servicers have made it hard to gauge the true prepayment performance of some pools, analysts say. “It’s introduced a non-fundamental element into prepayments in premium Ginnie Maes,” said Linda Lowell, an MBS researcher at Greenwich Capital Markets.