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Real Estate & Property Law

: Housing Wire

Prepays Drop as Refi Pipeline Narrows

By DIANA GOLOBAY

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Prepayments seen among securitized mortgage loans slowed in May as mortgage rates ticked upward and overall eligibility for refinance narrowed, according to industry research by Bank of America and Merrill Lynch analysts. Securitized loans are considered in prepayment when they are refinanced or repaid in full. The effect for a securitization is essentially that the mortgage [...]

Full post as published by Housing Wire on June 29, 2009 (boomark / email).

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