Another, Separate Deluge of Delinquency-Driven Prepays Loom on the Horizon, Barclays Projects
May 1, 2009
While many MBS investors may be preoccupied by the prepayments associated with federal government housing rescue efforts and low mortgage rates, another distinct wave of prepayments is gathering strength, driven by increasing delinquencies showing up at the government-sponsored enterprises, according to some fresh research from Barclays Capital. “Delinquencies in Fannie Mae/Freddie Mac...