(Reuters) - NEW YORK, May 7 - Prepayments on U.S. mortgage-backed securities in April were unchanged from March as rising seasonal factors offset one less calendar day, according to Wall Street analysts.
Prepayment speeds were mostly in line with analysts' expectations and the April figures reflected the first full month of activity since the late February start of the implosion of the subprime mortgage market.
Read more at Reuters.com Bonds News
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