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» Prepayment Speeds on Subprime Mortgage Pools Largely Influenced by Credit Grade, LTV Ratios
Prepayment Speeds on Subprime Mortgage Pools Largely Influenced by Credit Grade, LTV Ratios
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Prepayment penalties appear to be doing their job by markedly slowing repayments in the subprime mortgage market. But, as a new report from investment house Credit Suisse First Boston shows, they don’t tell the whole story about prepayment speeds.