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Loan Modification

: Mortgage Lender Implode-o-Meter

Obama plan had muted impact on US mortgage prepays

By Implode-Explode Heavy Industries

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""These prepayment rates were below our expectations," wrote JPMorgan analysts Thursday night. "We had looked for a greater degree of reactivity, given low rates in March/April and the implementation of the Obama plan. Clearly, the plan is having little impact so far.""

Full post as published by Mortgage Lender Implode-o-Meter on June 05, 2009 (boomark / email).

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