GSE Refinance Plans Will Cause Spike in Agency Prepayments
March 6, 2009
Fannie Mae and Freddie Mac this week launched streamlined refinance initiatives that are part of President Obama’s Homeowner Affordability and Stability Plan that are expected to spur a surge in new agency MBS production and jumps in prepayment speeds. A key component of HASP is the Home Affordable Refinance program through which loans held or securitized...