California, North Central Region Have Higher Prepayment Speeds Than South Central States
April 25, 2003
Mortgages in California and the North Central region are currently prepaying faster than other parts of the country, and the difference in prepayment speeds has become more pronounced, according to a new report. In a report on short-term prepayment estimates, Bear Stearns indicates that prepayment speeds in California and North Central regions are faster than in the slowest region, the