(Reuters) - NEW YORK, June 7 - Prepayments on U.S.
mortgage-backed securities increased in May as higher seasonal
factors and additional calendar days offset the impact of
higher interest rates, according to Wall Street analysts.
Prepayment speeds were below Wall Street expectations. The
May figures reflected the impact of a softening housing market
and tighter underwriting standards by lenders affected by the
implosion of the subprime mortgage market.
Read more at Reuters.com Bonds News
mortgage-backed securities increased in May as higher seasonal
factors and additional calendar days offset the impact of
higher interest rates, according to Wall Street analysts.
Prepayment speeds were below Wall Street expectations. The
May figures reflected the impact of a softening housing market
and tighter underwriting standards by lenders affected by the
implosion of the subprime mortgage market.
Read more at Reuters.com Bonds News
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